Category Archives: General Business News

JCR-VIS assigns initial entity ratings to ASA Pakistan Limited

Karachi, June 23, 2017 (PPI-OT):JCR-VIS Credit Rating Company Limited has assigned initial entity ratings of ‘BBB+/A-3’ (Triple B Plus /A-Three) to ASA Pakistan Limited (ASA Pakistan). Outlook on the assigned ratings is ‘Stable’. Incorporated in 2008, ASA Pakistan operates as

JCR-VIS revises entity ratings of Dawood Equities Limited

Karachi, June 23, 2017 (PPI-OT):JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has revised the entity ratings of Dawood Equities Limited (DEL) from ‘BB+/A-3’ (Double B Plus/A-Three) to ‘BB-/A-3’ (Double B Minus/A-Three). Outlook on the assigned ratings is ‘Stable’. The previous rating

JCR-VIS assigns Positive Outlook to Pak Qatar Family Takaful Limited

Karachi, June 23, 2017 (PPI-OT):JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has maintained the Insurer Financial Strength (IFS) rating of Pak Qatar Family Takaful Limited (PQFTL) at ‘A’ (Single A). Outlook on the assigned rating has been revised from ‘Stable’ to

JCR-VIS upgrades entity ratings of House Building Finance Company Limited

Karachi, June 23, 2017 (PPI-OT):JCR-VIS Credit Rating Company Limited has upgraded the entity ratings of House Building Finance Company Limited (HBFCL) to ‘A/A-1’ (Single A/A-One) from ‘A-/A-2’ (Single A minus/A-Two). Outlook on the assigned ratings is ‘Stable’. Previous rating action

JCR-VIS reaffirms entity ratings of Samba Bank Limited

Karachi, June 23, 2017 (PPI-OT):JCR-VIS Credit Rating Company Limited has reaffirmed entity ratings of Samba Bank Limited (SBL) at ‘AA/A-1’ (Double A/A-One). Outlook on the assigned ratings is ‘Stable’. Previous rating action was announced on June 23, 2016. Ratings of

Chairman Pakistan Soap Manufacturers Association expresses dismay over cumbersome process for obtaining Chinese Visa

Karachi, June 23, 2017 (PPI-OT):Chairman of Pakistan Soap Manufacturers Association (PSMA) and Former President Karachi Chamber of Commerce and Industry Abdullah Zaki, while expressing sheer dismay over extremely cumbersome and complex process for obtaining Chinese Visa which is issued for

Overseas workers keeping economy afloat

Islamabad, June 23, 2017 (PPI-OT):President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday said overseas Pakistanis are a great asset for the

Lahore Chamber of Commerce and Industry opposes closure of Engineering Development Board

Lahore, June 23, 2017 (PPI-OT):The Lahore Chamber of Commerce and Industry has expressed grave concern on the news of closure Engineering Development Board (EDB) and termed it a bad proposal. Government should shelve the idea for the sake of engineering