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 a microfinance company and is a wholly owned subsidiary of ASA International Holding (ASAI). The …

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 action was announced on December 15, 2015. Assigned ratings incorporate improvement in profitability of the …

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 ‘Positive’. Previous rating action was announced on December 4, 2015. The ratings continue to be …

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 was announced on June 28, 2016. Ratings take into account a recent capital restructuring whereby …

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 SBL take into account the support emanating from its key sponsor – Samba Financial Group. …

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 a limited period of hardly three months, requested the Chinese Government to review its Visa …

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 country that should be supported. Pakistanis living abroad have been playing active role in making …

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 sector of Pakistan. In a statement issued here Friday, the LCCI Acting President Amjad Ali …

Karachi, June 22, 2017 (PPI-OT):Chinese Economic and Commercial Counsellor in Karachi, Guo Chunshuo, on Thursday called on Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon at SBI office here. The Chairperson SBI told Guo Chunshuo that Chinese Special Economic Zone which will be built on 1000 acres at Dhabeji near Karachi will be incorporated …