| 2022 | January | 10

  • Mini-budget to upset green energy initiatives, increase pollution

    Islamabad, January 10, 2022 (PPI-OT):Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Saturday said the approval of certain proposals in the mini-budget will lead to de-solarisation and it will drastically increase environmental pollution which is a negation of the government’s announcements to reduce pollution. He asked the government…

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  • ICCI for diversification of products and markets to boost exports

    Islamabad, January 10, 2022 (PPI-OT):The Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to focus on diversification of exportable products and markets in order to boost the volume of exports that would ensure achieving better economic growth of the country and address many economic woes. Muhammad Shakeel Munir, President, Islamabad Chamber…

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  • PACRA Assigns Initial Rating to Allah Tawaqal Metals (Private) Limited

    Lahore, January 10, 2022 (PPI-OT):Founded in September 2019, Allah Tawaqal Metals (Pvt.) Limited (ATM) is involved in recycling of metals in Pakistan. It imports metals scrap for recycling to export Copper and Aluminium alloys ingots. It also trades secondary and semi-finished nonferrous and ferrous metals in local market. Pakistan’s exports of Copper and Aluminium has…

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  • PACRA Maintains Entity Ratings of ISE Towers REIT Management Company Limited

    Lahore, January 10, 2022 (PPI-OT):The assigned rating emanates from ISE Towers REIT Management Company Ltd.’s (“ISE Towers or “The Company”) business profile characterized by stable operating revenue and robust demand. The diversified shareholding pattern of the Company comprises 236 shareholders (Corporates, Banks, DFIs, Insurance Companies, Modarabas, pension funds, and others). The assigned rating incorporate sound…

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  • PACRA Assigns Preliminary Ratings to Lucky Electric Power Company Limited Islamic Commercial Paper ICP-2

    Lahore, January 10, 2022 (PPI-OT):Lucky Electric Power Company Limited (Lucky Electric) is setting up a 1x660MW (gross) local coal fired power plant. Its COD as per PPA was 1st March, 2021, but delayed due to non-availability of interconnection lines. The transmission lines have become available in November 2021, after the Company has obtained certificate of…

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