PACRA

Lahore, March 16, 2023 (PPI-OT): Reliance Petrochem Industries (Pvt.) Limited (hereafter referred to as ‘the Company’ or RPI) is considered a leading manufacturer and trader of petroleum oils (White Oil) in Pakistan. The Company primarily operates into three segments i.e. petroleum oils, solvents and polymers. The rating takes comfort in Company’s long-term association and supplier…

The post PACRA Maintains Entity Ratings of Reliance Petrochem Industries (Private) Limited appeared first on Business News Pakistan.

Lahore, March 16, 2023 (PPI-OT): Pakistan’s sugar industry is the country’s second largest agro-based industry, comprising of 90 mills with an annual crushing capacity estimated at~ 80-90mln MT. Despite overcoming the challenge of raw material supply, the industry is facing a constraint due to the government-set support price for sugarcane, which is determined based on…

The post PACRA Maintains Entity Ratings of Hunza Sugar Mills (Private) Limited appeared first on Business News Pakistan.

Lahore, March 11, 2023 (PPI-OT): NIT Money Market Fund (or the “Fund”) is low risk profile fund. The assigned rating reflects the Fund’s low credit risk profile emanating from Fund’s Investment policy to invest in avenues with sound liquidity. The Fund had invested ~69.7% in T-Bills, ~20.1% in cash majority in single bank rated AAA…

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Lahore, March 11, 2023 (PPI-OT): Alhamra Daily Dividend Fund (or the “Fund) is a medium risk-profile fund. The assigned rating reflects the adequate strength of the Fund’s credit and interest rate risk profile. Furthermore, considerable holding of cash and bank balances reinforce the liquidity profile. At the end-Dec’22, 65% of the portfolio was invested in…

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Lahore, March 11, 2023 (PPI-OT): 5th Pillar Family Takaful is an initiative taken by eminent Kuwaiti and Pakistani business houses to offer Hajj and Umrah takaful saving plans to middle and low middle income Muslims especially from Pakistan supported with an end to end value chain to facilitate the customers in Pakistan and in Saudi…

The post PACRA assigns initial IFS Rating to 5th Pillar Family Takaful Limited appeared first on Business News Pakistan.

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Lahore, March 11, 2023 (PPI-OT): MCB Pakistan Sovereign Fund (or the ‘Fund’) is a medium risk-profile fund. The assigned rating reflects the strong strength of the Fund’s credit risk profile and moderate strength of the interest rate risk profile. At end-Dec’22, largely the portfolio was invested in Government Securities with 94.9%, 2% in Cash at…

The post PACRA Maintains Stability Rating of MCB Pakistan Sovereign Fund appeared first on Business News Pakistan.

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Lahore, March 11, 2023 (PPI-OT): Lakson Money Market Fund (or the “Fund”) is low risk profile fund. The assigned rating reflects the Fund’s low credit risk profile emanating from Fund’s Investment policy to invest in avenues with sound liquidity. The Fund had allocated ~51.3% in T-Bills, ~25.7% in placement with NBFIs rated AA+ and above,…

The post PACRA Maintains Stability Rating of Lakson Money Market Fund appeared first on Business News Pakistan.

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Lahore, March 11, 2023 (PPI-OT): MCB DCF Income Fund (the “Fund”) is a medium-risk profile fund. At end Dec’22, largely the portfolio was invested in Government Sukuk/Securities of 77.6%, 18.4% in TFCs/Sukuks, 2.4% in Cash at Banks, while remaining was invested in others. The Fund had weighted average maturity of 1.8 years mainly due to…

The post PACRA Maintains Stability Rating of MCB DCF Income Fund appeared first on Business News Pakistan.

The post PACRA Maintains Stability Rating of MCB DCF Income Fund appeared first on AsiaNet-Pakistan.