PACRA Upgrades Asset Manager Rating of National Investment Trust Limited

Lahore, May 24, 2021 (PPI-OT): National Investment Trust Limited (“NITL” or the “Company”) is one of the prominent and oldest AMC which reaps the benefit of being the first AMC in Pakistan. The rating upgrade takes into account the consistently better funds performance among peers, fund slate diversification, materialization of digital initiatives and a strong equity base and financial profileRead More…

VIS Credit Rating Company Reaffirms Entity Ratings of Soorty Enterprises (Private) Limited

Karachi, May 24, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of ‘AA-/A-1’ (Double A Minus/A-One) to Soorty Enterprises (Private) Limited (SEL). Long Term Rating of ‘AA-’ reflects high credit quality, strong protection factors, and moderate risk but may vary slightly because of economic conditions. Short Term Rating of ‘A-1’ indicates high certainty of timely paymenRead More…

Summer Spotlight – OPPO Enco Air True Wireless Earphones Officially Released

Islamabad, May 24, 2021 (PPI-OT): OPPO Acoustics unveiled its latest addition to the OPPO Enco line with the new OPPO Enco Air True Wireless Earphones. With their eye-catching design, high-quality audio, convenient touch controls, and user-focused features, the PKR 8999 earphones is a definite contender for the summer’s hottest new upcoming wireless audio product.
The OPPO Enco Air is the world’s first true wirelRead More…

VIS Reaffirms Ratings of Quaid-e-Azam Thermal Power (Private) Limited

Karachi, May 24, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Quaid-e-Azam Thermal Power (Private) Limited (QATPL) at ‘AA/A-1’ (Double A/ A-One). The medium to long-term rating of ‘AA’ denotes high credit quality coupled with strong protection factors. Moreover, risk factors may vary slightly with possible changes in the economy. The short-term rating of ‘A-1Read More…

VIS Reaffirms Entity Ratings of Razaque Steels (Private) Limited

Karachi, May 24, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Razaque Steels (Private) Limited (RSPL) at ‘BBB-/A-3’ (Triple B Minus/ A-Three). Long term rating of ‘BBB-’ signifies adequate credit quality with protection factors being reasonable and sufficient while risk factors are considered variable. Short term rating of ‘A-3’ signifies satisfactory liquidiRead More…

Jazz Collaborates with USF to provide 4G Services in Jacobabad, Shikarpur, and Kashmore

Islamabad, May 24, 2021 (PPI-OT): Jazz, Pakistan’s number one 4G operator and the largest internet and broadband service provider, has collaborated with the Universal Service Fund (USF) to provide 4G services in Jacobabad, Shikarpur and Kashmore districts of Sindh. The contract was signed by Haaris Mahmood Chaudhary, CEO – USF and Aamir Ibrahim, CEO – Jazz.
Syed Amin Ul Haque, Federal Minister for InforRead More…

Repair and Rehabilitation Work of Damaged Towers of High Power Transmission lines started

Lahore, May 24, 2021 (PPI-OT): National Transmission and Despatch Company Limited (NTDC) has started rehabilitation work of damaged towers of high power transmission lines caused due to heavy windstorm in southern part of the country. The recent wind storm and torrential rain damaged 5 towers of 500 kV Transmission Line and Jamshoro – Port Qasim and 2 towers of 500 kV Jamshoro – Dadu Transmission line.
MaRead More…

Vivo Announced Hania Aamir and Fahad Mustafa as the Brand Ambassadors for V21 Series

Lahore, May 24, 2021 (PPI-OT): Vivo, the leading global smartphone brand, today announced renowned Hania Aamir and Fahad Mustafa as the brand ambassadors of its flagship V21 Series in Pakistan. As a part of this collaboration, Hania Aamir and Fahad Mustafa will also appear in Key Visuals, TVCs, Launch Event and other Media to further strengthen the image of the premium V21 Series. Vivo has been closely associating wiRead More…

Water mismanagement costing $12 billion per annum: Mian Zahid Hussain

Karachi, May 24, 2021 (PPI-OT): Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said proper funds should be allocated in the upcoming budget to ensure water security which is essential for food security.
He said that the struggle between provinces for water has intensiRead More…

PACRA Maintains Entity Ratings of Hub Power Holdings Limited

Lahore, May 24, 2021 (PPI-OT): The rating reflects Hub Power Holdings Limited’s (‘Hub Power Holdings’ or ‘the Company’) holdco structure with focus on expanding energy generation capacity through indigenous resources. The Company is a wholly owned subsidiary of The Hub Power Company Limited (HUBCO), a very strong player in Pakistan’s energy sector with a generation capacity of 1,29Read More…