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PACRA Maintains IFS Rating of IGI General Insurance Limited

February 28, 2020 | General Business News

Lahore, February 28, 2020 (PPI-OT): The rating of IGI General Insurance Limited draws comfort from the growing business volume under the stewardship of an able team. The Company has witnessed high growth signifying it’s improving position in the industry. The …

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PACRA Maintains Entity Ratings of Sapphire Electric Company Limited

February 28, 2020 | General Business News

Lahore, February 28, 2020 (PPI-OT): The ratings reflect strong business profile of Sapphire Electric Company Limited (Sapphire Electric) emanating from the demand risk coverage under Power Purchase Agreement signed between CPPA-G (Central Power Purchasing Agency) and the company. Meanwhile, the …

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PACRA Maintains IFS Rating of Askari General Insurance Company Limited

February 28, 2020 | General Business News

Lahore, February 28, 2020 (PPI-OT): The rating captures the solid risk profile of the company along with improved profitability. The company strategy led to volumetric growth over the years and improved core underwriting performance. Askari Insurance has been able to …

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PACRA Maintains Entity Ratings of Pakistan International Bulk Terminal Limited

February 25, 2020 | General Business News

Lahore, February 25, 2020 (PPI-OT):The ratings draw strength from the Pakistan International Bulk Terminal Limited’s (PIBT) distinguished position in its operating segment. The company operates on a “build, operate and transfer” (BOT) model at Port Qasim Authority for the provision …

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PACRA Maintains IFS Rating of Pak-Qatar General Takaful Limited

February 25, 2020 | General Business News

Lahore, February 25, 2020 (PPI-OT):The rating reflects sustained market position of the company along with adequate risk absorption capacity of the company. However, in more recent years, intense competition has resulted in pressure on the profitability of the dedicated takaful. …

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PACRA Maintains IFS Rating of Sindh Insurance Limited

February 25, 2020 | General Business News

Lahore, February 25, 2020 (PPI-OT):The rating reflects SIL’s strong parentage – the Government of Sindh (GoS) and its ability to leverage on the same. “Universal Accidental Insurance Scheme (UAIS)”, initiated by GoS, provided impetus to the company’s business volume. The …

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PACRA Maintains IFS Rating of The Universal Insurance Company Limited

February 21, 2020 | General Business News

Lahore, February 21, 2020 (PPI-OT):The rating of Universal reflects strong parentage of the company – Bibojee group. The parentage has provided multi-faceted support to the company: a) injection of capital from different times of the crisis, b) sustenance in the …

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PACRA Assigns Initial Entity Ratings to Metro Wind Power Limited

February 20, 2020 | General Business News

Lahore, February 20, 2020 (PPI-OT):Mr. Iqbal Alimohamed and Family is setting up a 60MW wind power plant – Metro Wind Power Limited. The ratings incorporate the Group’s previous experience in successfully commissioning and operating a 50MW Wind Energy Power Plant …

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PACRA Assigns Initial Entity Ratings to Metro Wind Power Limited

February 20, 2020 | General Business News

Lahore, February 20, 2020 (PPI-OT):Mr. Iqbal Alimohamed and Family is setting up a 60MW wind power plant – Metro Wind Power Limited. The ratings incorporate the Group’s previous experience in successfully commissioning and operating a 50MW Wind Energy Power Plant …

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PACRA Assigns Initial Entity Ratings to Gul Ahmed Electric Limited

February 20, 2020 | General Business News

Lahore, February 20, 2020 (PPI-OT):Gul Ahmed Energy Limited is setting up 50 MW wind power plant – Gul Ahmed Electric Limited. The ratings incorporate the Group’s previous experience in successfully commissioning and operating a 50MW Wind Energy Power Plant (Metro …

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PACRA Assigns Initial Entity Ratings to Gul Ahmed Electric Limited

February 20, 2020 | General Business News

Lahore, February 20, 2020 (PPI-OT):Gul Ahmed Energy Limited is setting up 50 MW wind power plant – Gul Ahmed Electric Limited. The ratings incorporate the Group’s previous experience in successfully commissioning and operating a 50MW Wind Energy Power Plant (Metro …

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PACRA Assigns Preliminary Ratings to K-Electric Limited – Islamic Commercial Paper-6 upto PKR 4,295mln

February 20, 2020 | General Business News

Lahore, February 20, 2020 (PPI-OT):The ratings reflects the operational parameters and the related data reflect improved performance going forward. The number of consumers have taken a growth of ~9% during FY19 as compared to FY18. The recovery ratio of the …

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