| 2022 | January | 6

  • PACRA Affirms Positive Outlook on Entity Ratings of Sefam (Private) Limited

    Lahore, May 06, 2022 (PPI-OT):The ratings reflect Sefam (Pvt.) Limited’s reputable image as one of the leading players in the clothing/home textile retail industry with several established brands. The Company operates a complete range of clothing brands targeting various segments of the retail market. The major portion of the Company’s raw material is sourced from…

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  • PACRA Maintains Entity Ratings of Mobilink Microfinance Bank Limited – Positive Outlook

    Lahore, May 06, 2022 (PPI-OT):The ratings take comfort from the bank’s association with a leading global telecom group – Veon (formerly VimpelCom) – and with Pakistan’s largest cellular operator – Jazz (formerly Mobilink). Sponsor’s commitment to the bank is witnessed in the form of both technical collaboration and financial support. Ensuing synergies have strengthened the…

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  • PACRA Maintains Entity Ratings of Apna Microfinance Bank – Assigns Negative Outlook

    Lahore, May 06, 2022 (PPI-OT):The rating reflects risk profile of Apna Microfinance Bank (“the bank”). Apna is a small-tier player in Pakistan’s microfinance sector with ~2.93% share in total gross loan portfolio. The Bank has 118 business locations comprising of 116 branches and 2 service centers. Overall performance indicators depicted a deteriorated outlook in CY21…

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  • PACRA Revises Entity Ratings of Telenor Microfinance Bank Limited

    Lahore, May 06, 2022 (PPI-OT):Telenor MFB (‘the Bank’), associated with robust sponsors, is a mid-tier player in Pakistan’s microfinance sector with ~2.5% share in total gross loan portfolio as at End-Dec’21. The bank’s strategic vision is focused towards digitization with notable developments underway for growth of the branchless platform, ‘Easypaisa’. Ambition of a sustainable consumer…

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  • PACRA Maintains Entity Ratings of TPL Properties Limited

    Lahore, May 06, 2022 (PPI-OT):TPL Properties Ltd (TPL properties or the Company) has significant presence in Real estate sector for more than a decade. The sponsors have a very good understanding of the business. TPL properties after the sale of its first and flagship project “centrepoint” is re – strategizing its business model from rental…

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  • PACRA Upgrades Entity Ratings of AGAHE Pakistan

    Lahore, May 06, 2022 (PPI-OT):AGAHE Pakistan (‘AGAHE’ 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…

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  • PACRA Maintains Entity Ratings of Rustam Towel (Private) Limited

    Lahore, May 06, 2022 (PPI-OT):Rustam Towel (Pvt.) Limited (‘Rustam Towel’ or ‘the business’, a conventional family-owned business concern, is operating for over two decades in the towel industry as an export-oriented towel manufacturer. It holds a stable position and is classified among the top ten towel exporters of the country, with a strong customer foothold…

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