| 2022 | January | 11

  • AKD Securities Limited – AKD Daily (November 11, 2022)

    Karachi, November 11, 2022 (PPI-OT): Pakistan Steel: Shifts in ferrous markets underway International scrap prices have shown major weakness since mid Aug’22, declining by 13% since then, to currently hover around US$350/ton compared to FYTD/CYTD avg. of US$375/461/ton. Local rebar prices have conceded from their highs of PkR228-231k in June’22 to stand at PkR210-215k/ton currently,…

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  • KCCI, APC sign MoU for strengthening bilateral trade

    Karachi, November 11, 2022 (PPI-OT):The Karachi Chamber of Commerce and Industry (KCCI) has signed a Memorandum of Understanding (MoU) with Australia Pakistan Chamber of Trade, Commerce and Industry (APC) wherein the two Chambers have agreed to devise framework of cooperation and develop a number of actions aimed at further strengthening bilateral trade and relationship between…

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  • SNGPL urges commercial consumers to sign RLNG contracts

    Lahore, November 11, 2022 (PPI-OT):The SNGPL has urged the commercial consumers to sign RLNG contracts. During a meeting at LCCI, the SNGPL team highlighted that over 6,000 commercial consumers have already signed RLNG contracts while more are in the offing. The team informed that in case of non-signing of RLNG contracts, SNGPL may not be…

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  • VIS Reaffirms Broker Management Rating of AKIK Capital (Private) Limited

    Karachi, November 11, 2022 (PPI-OT):VIS Credit Rating Company Ltd. (VIS) has reaffirmed Broker Management Rating of ‘BMR3’ assigned to AKIK Capital (Private) Limited. Outlook on the assigned rating is ‘Stable’. Last rating action was announced on September 29th, 2021. The rating signifies adequate regulatory requirement and supervision and internal controls, along with adequate client relationship…

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  • VIS Assigns Negative Outlook to Entity Ratings of MRA Securities Limited

    Karachi, November 11, 2022 (PPI-OT):VIS Credit Rating Company Ltd. (VIS) has maintained entity ratings of MRA Securities Limited (MRA) at ‘A-/A-2’ (Single A Minus/A-Two). Long-term rating of ‘A-’ signifies good credit quality with adequate protection factors. Risk may vary slightly from time to time because of economic conditions. Short-term rating of ‘A-2’ depicts good certainty…

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  • KE’s Roshni Bajis are Building Safer Societies

    Karachi, November 11, 2022 (PPI-OT):Chairman NEPRA, Tauseef H. Farooqi, commended the second cohort of KE’s Roshni Baji program for their contribution in promoting a culture of safety across Karachi’s most densely populated neighbourhoods. These remarks were made during a meeting with the graduating batch held at KE’s Distribution Network Academy with Chief Distribution Officer, Amer…

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  • NEPRA Notifies Reduced FCA for September

    Karachi, November 11, 2022 (PPI-OT):After due process, NEPRA issued its decision on K-Electric’s petition for reduced Fuel Charge Adjustments (FCA) for the month of September 2022. The reduction is at a rate of 5.13 per unit and will reflect in consumer bills for the month of November 2022. FCAs are approved by the regulator, NEPRA,…

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