| 2022 | January | 3

  • PACRA Maintains IFS Rating of Jubilee General Insurance Company Limited

    Lahore, November 03, 2022 (PPI-OT): The core sponsorship of Jubilee General Insurance Limited (JGICL or the Company) is held by the Agha Khan Development Network (AKDN). The strong presence of AKDN in the financial industry allows JGICL to unlock synergistic benefits through group financial institutions i.e., Habib Bank Limited and Jubilee Life Insurance Company Limited….

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  • PACRA Upgrades the Ratings of Etihad Alloys (Private) Limited

    Lahore, November 03, 2022 (PPI-OT): Etihad Group is setting up a steel industrial unit in Rahim Yar Khan adjacent to its existing Sugar Mill – Etihad Alloys (Pvt.) Limited (EAPL). The unit will have steel melting capacity of 250,000 MT per annum. Primarily, EAPL will be engaged in manufacturing of Steel Billets. The Project is…

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  • PACRA Upgrades Entity Ratings of Zahidjee Textile Mills Limited

    Lahore, November 03, 2022 (PPI-OT): The rating upgrade incorporates Zahidjee Textile’s improved business and financial risk. The business risk profile is supported by the Company’s established track record of operating in spinning and weaving segments. Continuous BMR activities have led to significant growth in operations in recent years. During FY22, the Company increased its spinning…

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  • VIS assigns Initial Entity Ratings to Popular International (Private) Limited

    Karachi, November 03, 2022 (PPI-OT): VIS Credit Rating Company Ltd. has assigned initial entity ratings of ‘A/A-1’ (Single A/A-One) to Popular International (Private) Limited (PIPL). Medium to long term rating of ‘A’ signifies good credit quality. Protection factors are adequate. Risk factors are considered variable if changes occur in the economy. Short term rating of…

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  • VIS Assigns Initial Entity Ratings to Sui Northern Gas Pipelines Limited

    Karachi, November 03, 2022 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of ‘AA+/A-1+’ (Double A Plus/A-One Plus) to Sui Northern Gas Pipelines Limited (SNGPL). The medium to long-term rating of ‘AA+’ denotes high credit quality coupled with strong protection factors. Moreover, risk factors may vary slightly with possible changes in…

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  • VIS Reaffirms Entity Ratings of Gadoon Textile Mills Limited

    Karachi, November 03, 2022 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Gadoon Textile Mills Limited (GTML) at ‘A+/A-1’ (Single A Plus/A-One). Long-term entity rating of ‘A+’ reflects good credit quality, adequate protection factors. Risk factors may vary with possible changes in the economy. Short Term Rating of ‘A-1’ indicates high…

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  • MMBL’s 9-Point Agenda 2.0 Delivers Impactful and Sustainable Policy Interventions

    Islamabad, November 03, 2022 (PPI-OT): Mobilink Microfinance Bank Limited (MMBL) has recently launched the 2nd edition of its ‘9-Point Agenda for Financial Inclusion’, a policy document aimed at fostering digital financial inclusion through meaningful regulatory interventions in nine key areas. The ‘9-Point Agenda for Financial Inclusion 2.0′ highlights key challenges and opportunities across multiple sectors,…

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