PACRA Maintains Stability Rating of Alfalah GHP Sovereign Fund

Lahore, October 11, 2021 (PPI-OT): The rating reflects adequate strength of the Fund’s credit and interest rate risk profile. At end Jun’21, ~51% of funds were placed with banks rated ‘AA+’ and above while ~11% invested in government guaranteed, and ~9.6% in private TFCs/sukuks. The Fund also invested in ~25.3% in PIBs. The offering document of the Fund allows it to invest in banks rated &#821Read More…

Resumption of talks with IMF welcomed

Islamabad, October 11, 2021 (PPI-OT): Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Sunday welcomed the resumption of talks with the IMF but noted that the conditions of the international lender are in conflict with the ground realities. IMF is demanding tough decisions which cannot be implemented at this stage when inflation has left masses reeling, he said.
Shahid Read More…

President Sialkot Chamber rejects extension of tenure of FPCCI for two years

Sialkot, October 11, 2021 (PPI-OT): Mr. Imran Akbar, President Sialkot Chamber, in a statement given to the press rejected the extension of tenure of FPCCI for two years. While commenting on the recommendations made by the Standing Committee of Senate on Commerce to extend the tenure, the President Chamber said that the recommendations had been given without proper consultation with the trade bodies of Sialkot.
He waRead More…

PACRA Maintains Stability Rating of Alfalah GHP Cash Fund

Lahore, October 11, 2021 (PPI-OT): The rating reflects strong strength of the Funds credit and interest rate risk profile. The Funds 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 placements. As per the investment policy, the weighted average maturity of Fund shall not exceed 90 days and time to maturitRead More…

PACRA Maintains Stability Rating of Alfalah GHP Income Multiplier Fund

Lahore, October 11, 2021 (PPI-OT): The rating reflects the adequate strength of the Funds credit and interest rate risk profile. At end Jun’21, ~38% of funds were placed in banks rated ‘AA+’ and above, ~36% invested in TFCs/Sukuks primarily rated ‘A+’ and above and ~12% in Ijarah sukuks. The offering document of the fund allows it to invest in banks rated ‘A-‘ and above. The Read More…

PACRA Maintains Stability Rating of Alfalah GHP Income Fund

Lahore, October 11, 2021 (PPI-OT): The rating reflects adequate strength of the Fund’s credit and interest rate risk profile. At end Jun’21, ~38% of funds assets were invested as cash placements in banks having rating ‘AA+’ and above, ~14% of funds were exposed to TFCs and Sukuks primarily rated ‘AA’ and above and ~37% in spread transactions. The offering document of the Fund allowRead More…

Promising Real Performance realme C21Y Set to Excite realme Fans in Pakistan

Islamabad, October 11, 2021 (PPI-OT): Realme has always dared to bring bigger, better products for its fans. The realme family as it is called is made of realme fans that love the quality and affordability that realme offers in its products. Keeping up with their slogan of ‘Dare to Leap’, realme has brought yet another C-Series powerhouse smartphone – the realme C21Y.
Building on the success of its predecesRead More…

NICVD at the verge of devastation

Islamabad, October 11, 2021 (PPI-OT): The Pakistan Economy Watch (PEW) on Sunday said the National Institute of Cardiovascular Diseases (NICVD) is at the brink of disaster due to increasing political interference and rampant corruption. Funds are being wasted mercilessly while a doctor is being paid over ten million as salary and perks making him the highest-paid government servant because he is the brother of an infRead More…

PACRA Maintains Stability Rating of AWT Income Fund

Lahore, October 11, 2021 (PPI-OT): The rating incorporates the Fund’s strong credit quality and sound liquidity profile, emanating from the Fund’s current portfolio mix. At end Jun’21, the Fund was invested ~38% in banks rated ‘A’ and above, ~38% in Government-guaranteed securities (T-Bills and PIBs) and ~12% in spread transactions. The duration of the investments is ~200 days, which lowRead More…

PACRA Maintains Stability Rating of AWT Islamic Income Fund

Lahore, October 11, 2021 (PPI-OT): The rating reflects the Fund’s adequate credit risk profile emanating from its asset allocation, of which ~62% invested as cash placements in banks having rating ‘A’ and above, ~16% is invested in spread transactions and ~20% in others. The offering document of the Fund allows it to invest in banks rated ‘A’ and above. The duration of the Fund remained Read More…