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PACRA Upgrades IFS Rating of Dawood Family Takaful Limited

June 21, 2019 | General Business News

Lahore, June 21, 2019 (PPI-OT): The rating denotes strong capacity of the company to meet policyholder and contractual obligations. The rating reflects DFTL’s ability to continue capturing takaful volumes. The company has achieved net profitability position, though sustainability is required. …

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PACRA Maintains Entity Ratings of Pakistan Kuwait Investment Company (Private) Limited

June 21, 2019 | General Business News

Lahore, June 21, 2019 (PPI-OT): Development Financial institutions (DFIs) largely operate on turf common to commercial banks. Limited depth in participation towards development of long gestation projects, low funding base and high competition become their key challenges. Joint Venture Financial …

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PACRA Maintains Broker Management Rating of Arif Habib Limited

June 20, 2019 | General Business News

Lahore, June 20, 2019 (PPI-OT): The Rating reflects the company’s very strong ownership profile and sponsor’s business acumen. The rating incorporates the company’s ability to retain its market share in lacklustre equity market volumes. The leading position of the company …

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PACRA Maintains Entity Ratings of Kashf Foundation

June 19, 2019 | General Business News

Lahore, June 19, 2019 (PPI-OT): Kashf Foundation is a renowned Microfinance Institution; it has been in operations since 1996. MFIs are governed by SECP regulations mainly NBFC (Establishment and Regulations) Rules, 2003, Non-Banking Finance Companies and Notified Entities Regulations 2008 …

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PACRA Maintains Entity Ratings of Soneri Bank Limited

June 19, 2019 | General Business News

Lahore, June 19, 2019 (PPI-OT): The ratings reflect Soneri Bank’s sustained business profile as reflected in net interest margin. The bank’s funding base comprise of deposits and borrowings. During CY18, customer deposits witnessed growth of ~12%, at par with the …

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PACRA Maintains Entity Ratings of PAIR Investment Company Limited

June 14, 2019 | General Business News

Lahore, June 14, 2019 (PPI-OT): Development Financial institutions (DFIs) largely operate on turf common to commercial banks. Limited depth in participation towards development of long gestation projects, low funding base, and high competition become their key challenges. Joint Venture Financial …

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PACRA Maintains the Entity Ratings of JS Global Capital Limited

June 14, 2019 | General Business News

Lahore, June 14, 2019 (PPI-OT): The ratings reflect JS Global Capital Limited’s (JSGCL) strong ability to retain its market share in lackluster equity market activity. The rating incorporates the leading position of the company in the brokerage industry emanating from …

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PACRA Maintains Entity Ratings of Ghandhara Nissan Limited

June 13, 2019 | General Business News

Lahore, June 13, 2019 (PPI-OT): Ghandhara Nissan Limited (GNL) operates in the truck segment of the automobile sector. Presently, the company deals in Chinese and European brands. Company’s performance was diluted owing to discontinuation of UD Trucks, which they managed …

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PACRA Maintains IFS Rating of Habib Insurance Company

June 13, 2019 | General Business News

Lahore, June 13, 2019 (PPI-OT): The rating incorporates the Company’s association with astute sponsors Habib Family. This, while providing stability to revenue stream in the form of captive business, establishes a sound governance framework. The rating takes note of HIC’s …

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PACRA Maintains Entity Ratings of Ghandhara Industries Limited

June 13, 2019 | General Business News

Lahore, June 13, 2019 (PPI-OT): Ghandhara Industries Limited (GIL) operates in pickups, trucks and buses segment of the automobile sector. The strength of the company is its alliance with ISUZU – a leading Japanese brand in the country’s trucks and …

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PACRA Maintains Entity Ratings of Pak Arab Refinery Limited

June 10, 2019 | General Business News

Lahore, June 10, 2019 (PPI-OT): The ratings reflect PARCO’s ownership structure- owned by the Government of Pakistan (GoP) (60%) and Emirates of Abu Dhabi (EAD), through Abu Dhabi Petroleum Investments LLC (40%) – a majority owned company of Mubadala. The …

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PACRA Maintains Entity Ratings of Pakistan Refinery Limited

June 10, 2019 | General Business News

Lahore, June 10, 2019 (PPI-OT): The ratings reflect the resilient business profile of PRL emanating from its sustainable operational history, strong demand for its products and its strategic importance in the domestic context. PRL’s core business remains exposed to the …

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