| 2022 | January | 12

  • JS Securities Limited – JS Research (January 12, 2022)

    Karachi, January 12, 2022 (PPI-OT): PSMC: Least impacted by evolving tax policy on autos We reiterate our positive stance on PSMC due to higher than anticipated demand for Alto coupled with a declining trend in its price making it an attractive investment with our revised TP of Rs295 (+30% upside). The stock’s CY22F P/E trades…

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  • Rupee will continue to weaken this year

    Islamabad, January 12, 2022 (PPI-OT):Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Wednesday said erosion in the value of the rupee is revealing the real economic situation and the rupee will continue to weaken this year if damaging policies were not changed. Economic policies should be immediately tailored…

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  • Zameen.com Gets Marketing and Sales Rights for Farmhouse Project Called ‘Bil-Kisa Retreats’

    Lahore, January 12, 2022 (PPI-OT):Pakistan’s largest real estate enterprise, Zameen.com, has received the marketing and sales rights for a contemporary new farmhouse project called ‘Bil-Kisa Retreats’. To this effect, a small ceremony was held at Zameen.com’s Head Office in Lahore. The event was attended by Senior Director Sales (Lahore) Laeeque Chaudhri Iftikhar, Directors Project Sales…

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  • VIS Reaffirms Instrument Rating of Neelum Jhelum Hydropower Company (Private) Limited

    Karachi, January 12, 2022 (PPI-OT):VIS Credit Rating Company Limited (VIS) has reaffirmed the rating of ‘AAA’ (Triple A) assigned to Sukuk issue of Rs. 100b of Neelum Jhelum Hydropower Company (Pvt.) Limited (NJHPC). The medium to long-term rating of ‘AAA’ denotes highest credit quality with negligible risk factors being only slightly more than risk-free Government…

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  • ICCI calls for maximizing exports under GSP Plus to improve economy

    Islamabad, January 12, 2022 (PPI-OT):Muhammad Shakeel, President, Islamabad Chamber of Commerce and Industry (ICCI) has called upon all stakeholders to accelerate efforts for maximizing exports under EU’s GSP Plus regime to improve the health of the economy. He said that Pakistan was holding GSP plus status till the end of 2022 for duty free access…

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