Daily Archives: December 3, 2018

SITE President Criticizes Devaluation and Interest Rate Hike

Karachi, December 03, 2018 (PPI-OT): ssMr. Saleem Parekh, President, SITE Association of Industry, Karachi, shows his deep concerns on rupee devaluation. He said that frequent devaluation is disturbing the entire system and inflation is going unbounded and no strings can …

Jazz, Code for Pakistan and OPEN Islamabad to Organize SDG Hackathon 2018

Islamabad, December 03, 2018 (PPI-OT): Jazz SDG Hackathon, in partnership with Code for Pakistan and OPEN Islamabad – targeting young entrepreneurs, coders and innovators on using technology for civic solutions – is set to take place from 7- 9 December, …

PACRA Assigns Initial Entity Ratings to Mehran Sugar Mills Limited

Lahore, December 03, 2018 (PPI-OT): The Ratings reflect Mehran Sugar’s strong business profile emanating from consistently high recovery rates (one of the highest in the country), diversified revenue stream and robust governance framework. To cushion against seasonality inherent in sugar …

PACRA Maintains Stability Rating of Alfalah GHP Islamic Income Fund

Lahore, December 03, 2018 (PPI-OT): The investment objective of Alfalah GHP Islamic Income Fund (AGIIF) is to minimize risk, construct a liquid portfolio of shariah approved fixed income investments and provide competitive returns to the Unit Holders. The management team …

PACRA Assigns Initial Entity Ratings to Salfi Textile Mills Limited

Lahore, December 03, 2018 (PPI-OT): Salfi Textile Mills Limited – a public listed company, primarily engaged in the manufacturing and sale of different varieties of yarn is majorly owned by Mr. Anwar Tata Family. Tata group currently owns three textile …

PACRA Maintains Stability Rating of Alfalah GHP Income Multiplier Fund

Lahore, December 03, 2018 (PPI-OT): The primary investment objective of the fund is to generate stable and consistent returns while seeking capital growth through a diversified portfolio of high-quality debt securities and liquid money market instruments and placements.

The rating …

PACRA suspends IFS rating of the Pakistan General Insurance Company Limited

Lahore, December 03, 2018 (PPI-OT): The IFS rating of PGI is suspended, due to prolong delay in the restoration of underwriting operations of the company. The rating would be updated, as and when the company commences underwriting operations and the …

PACRA Maintains Stability Rating of Alfalah GHP Cash Fund

Lahore, December 03, 2018 (PPI-OT): The investment objective of Alfalah GHP Cash Fund (AGCF) is to provide a regular stream of income at a comparative rate of return while preserving capital to the extent possible by investing in assets with …

PACRA Assigns Initial Entity Ratings to Island Textile Mills Limited

Lahore, December 03, 2018 (PPI-OT): Island Textile Mills Limited – a public listed company, primarily engaged in the manufacturing and sale of different varieties of yarn is majorly owned by Tata family. Tata Group currently owns three textile mills i.e. …

PACRA Maintains Stability Rating of Alfalah GHP Sovereign Fund

Lahore, December 03, 2018 (PPI-OT): The investment objective of the Scheme is to provide an investment medium whereby investors can participate in a portfolio that will seek to generate a competitive income. The rating reflects the fund’s good credit profile …