Web Desk
Karachi, March 28, 2023 (PPI-OT): KSE-100 – Consolidation expected The index opened on a negative note and traded in a narrow range amidst low volumes. The local bourse posted an intraday high of 127pts, a low of 101pts and concluded with a loss of 58pts to settle at 40,000pts. The volumes clocked in the last…
Read MoreWeb Desk
Karachi, March 28, 2023 (PPI-OT): FCCL: Flying under the radar FCCL commissioned its Nimazpur capacity expansion of 2.05mn tons per annum in late Oct’22. Moreover, another capacity expansion of 2.05mn TPA at D.G Khan is in pipeline and expected to be commissioned in 2QFY24. Post D.G Khan’s expansion, company will be the third largest cement…
Read MoreWeb Desk
Faisalabad, March 28, 2023 (PPI-OT): Faisalabad Electric Supply Company (FESCO) Second Circle disconnected the Water and Sanitation Agency (WASA) and Corporation electricity connection on the liability of Rs.540 million. On the special directives of Chief Executive Officer (CEO) FESCO, Eng. Bashir Ahmed, recovery campaign against the government defaulting departments is in full swing. In this…
Read MoreWeb Desk
Karachi, March 28, 2023 (PPI-OT): JS Bank – one of Pakistan’s fastest-growing banks – partnered with Green Climate Fund, the world’s largest climate finance organization, to promote and undertake Climate Resilient projects in Pakistan. In a meeting hosted by JS Bank in Islamabad, both parties discussed various aspects of the Pakistan Distributed Solar Project (PDSP)…
Read MoreWeb Desk
Lahore, March 28, 2023 (PPI-OT): SAFCO Microfinance Company (Private) Limited (‘SMCPL’ or the ‘Company’) is a Microfinance Institution (MFI) governed by the Securities and Exchange Commission of Pakistan under Section 16 of the Companies Act, 2017. The company is licensed to operate under NBFC (Establishment and Regulations) Rules, 2003, Non-Banking Finance Companies, and Notified Entities…
Read MoreWeb Desk
Lahore, March 28, 2023 (PPI-OT): JWS Pakistan (‘JWSP’ or ‘the Institution’) is a Microfinance Institution (MFI) governed by the Securities and Exchange Commission of Pakistan (SECP) under Section 42 of the Companies Act,2017. The Institution is licensed to operate under NBFC (Establishment and Regulations) Rules, 2003, Non-Banking Finance Companies and Notified Entities Regulations 2008. It…
Read MoreWeb Desk
Karachi, March 28, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘BBB/A-2’ (Triple BBB /A-Two) assigned to Blow Plast (Pvt.) Limited (BPL), with immediate effect on account of pending information for rating analysis. Ratings will be reassessed as and when the required information becomes available. Previous rating action was…
Read More