An Awareness Webinar conducted by Pak-UK Business Council of FPCCI on Roshan Digital Accounts in collaboration with Pakistan High Commission UK, HBL, CDC, SBP, PSX, SECP and other stakeholders

Karachi, April 01, 2021 (PPI-OT): Pak-UK Business Council of FPCCI (Federation of Pakistan Chambers of Commerce and Industry) organized an awareness session on Roshan Digital Accounts (RDA) for overseas Pakistanis in United Kingdom. The session was held in collaboration with Pakistan High Commission in United Kingdom, Central Depository Company of Pakistan Ltd (CDC), State Bank of Pakistan (SBP), Securities and ExchaRead More…

Indus Motor Makes History with Highest Production and Sales

Karachi, April 01, 2021 (PPI-OT): Indus Motor achieved yet another milestone, celebrating the highest ever production and sales volumes, historically in the month of March 2021. Following ease in the COVID-19 lockdown, economic activities began to normalize and the automobile industry experienced an increase in demand. Consumer purchasing power was revitalized, and a reduction in interest rates led to increase in autRead More…

PACRA Maintains Stability Rating of JS Cash Fund

Lahore, April 01, 2021 (PPI-OT): The assigned rating reflects strong strength of the fund’s credit, liquidity and interest rate risk profile. The fund’s good credit quality and sound liquidity profile emanates primarily from its mandate to invest in government securities and other low duration avenues such as bank placement’s and ensuring low exposure to interest rate risk. As per the investment polRead More…

VIS Reaffirms Entity Ratings to Din Energy Limited

Karachi, April 01, 2021 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has reaffirmed entity ratings of Din Energy Limited (DEL) at ‘A-/A-2’ (Single A minus/Single A-Two). Outlook on the assigned ratings is ‘Stable’. Long term rating of ‘A-’ signifies good credit quality with adequate protection factors. Risk factors may vary with possible changes in the economy. Short Term Rating of ‘A-2’ signifies gRead More…

PACRA Maintains Entity Ratings of Sargodha Jute Mills Limited

Lahore, April 01, 2021 (PPI-OT): The ratings reflect Sargodha Jute Mills Limited’s strong profile in jute industry emanating from robust market share, adequate margins. Pakistan’s jute industry depends 100% on raw jute imports from Bangladesh. The prices of raw jute fluctuate in the international market and have been on a rising trend lately. This, coupled with devaluation of rupee has increased costs for theRead More…

PACRA Maintains Stability Rating of JS Islamic Income Fund

Lahore, April 01, 2021 (PPI-OT): The rating reflects the moderate strength of the fund’s credit and interest rate risk profile. Minimum allocation of 25% in cash and near cash instruments provide support to the liquidity. The fund has a mandate to invest primarily in quality Sukuks, Shariah-compliant Government Securities, Shariah-compliant Bank Deposits and other Shariah-compliant debt instruments. Weighted avRead More…

PACRA Maintains Stability Rating of JS Income Fund

Lahore, April 01, 2021 (PPI-OT): The rating reflects adequate strength of the fund’s credit and interest rate risk profile. Investment in sovereign instruments and considerable placement in banks enhances the credit and liquidity profile of the fund. At end Dec’20, ~18% of fund’s assets were invested in PIBs, while ~30% of funds were deposited with banks primarily rated ‘A’ and above.
ThRead More…

PACRA Maintains Stability Rating of JS Islamic Daily Dividend Fund

Lahore, April 01, 2021 (PPI-OT): The assigned rating reflects adequate strength of the fund’s credit and interest rate risk profile emanating from its investment strategy to invest in adequate credit quality (at least ‘AA’ and above) and shorter duration investment avenues having sound liquidity. At end Dec’20, the fund had placed ~86% of its assets with a commercial Islamic bank rated ‘Read More…

Al Karam Textile collaborates with TCF to empower women

Karachi, April 01, 2021 (PPI-OT): Al Karam Textile Mills Pvt. Ltd. has contributed 10,800 double bed sheets’ fabric pieces towards the Vocational Program of The Citizens Foundation (TCF) managed by its Community Development Unit. This collaboration between Al Karam Textile Mills and TCF will help 150 apprentices to practice their stitching skills and generate additional household income, according to a statement isRead More…

Industrial sector is highly valuable for SSGC, issues will be resolved

Karachi, April 01, 2021 (PPI-OT): Managing Director of Sui Southern Gas Company Ltd. Imran Maniar, visited Site Association and met with Zubair Motiwala, President Site Association, Javaid Bilwani, Salim Parekh, Younus Bashir and other members of the association along with multiple industrialists who were present at the occasion. Representing SSGC were Saeed Ahmed Larik – DMD UFG, Brig. (R) Abuzar, Shahbaz IslaRead More…