| 2022 | January | 16

  • AKD Securities Limited – AKD Daily (November 16, 2022)

    Karachi, November 16, 2022 (PPI-OT): HCAR: 2QMY23 Preview We expect Honda Atlas Cars Limited (HCAR) to post NPAT of PkR68mn (EPS: PkR0.5) in 2QMY23, taking cumulative earnings in 1HMY23 to PkR726mn (EPS: PkR13.1). Revenue for the quarter is expected to decline by 23%YoY/34%QoQ, clocking in at PkR20.0bn. We expect margins for HCAR to contract to…

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  • Governor Sindh and President FPCCI discuss imminent Economic Challenges

    Karachi, November 16, 2022 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI and Mr. Kamran Tessori, Governor Sindh, have discussed the economic challenges faced by the Sindh province; and, their pragmatic and strategic solutions. He also congratulated him for the assumption of his charge on behalf of the entire business, industry and trade community of Pakistan. It…

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  • PACRA Assigns Entity Ratings to Glamour Textile Mills Limited

    Lahore, November 16, 2022 (PPI-OT):The assigned ratings of Glamour Textile Mills Limited reflect the adequate positioning of the company in the textile spinning industry. The company deals in manufacturing of carded yarn of three blends: Cotton, Polyester cotton and Viscose (Coarse (1s -20s), Medium (21s -34s), Fine (36s -47s) and S. Fine (48s-80s). The Company…

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  • VIS Reaffirms Entity Ratings of Fast Cables Limited

    Karachi, November 16, 2022 (PPI-OT):VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Fast Cables Limited (FCL) at ‘A-/A-2’ (Single A Minus/A-Two). The medium to long-term rating of ‘A-’ signifies good credit quality with strong protection factors. Moreover, risk factors may vary with possible changes in economy. The short-term rating of ‘A-2’…

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  • VIS Reaffirms IFS Rating of Alpha Insurance Company Limited

    Karachi, November 16, 2022 (PPI-OT):VIS Credit Rating Company Limited (VIS) has reaffirmed the Insurer Financial Strength (IFS) rating of Alpha Insurance Company Limited (AICL) at ‘A+ (IFS)’ (Single A Plus). The rating signifies strong capacity to meet policyholders and contractual obligations. Risk factors are low, and the impact of any adverse business and economic factors…

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  • Zameen.com Holds a Two-Day Property Sales Event in Karachi

    Karachi, November 16, 2022 (PPI-OT):Zameen.com – Pakistan’s largest real estate enterprise recently organized a Property Sales Event (PSE) at a private hotel in Karachi. A total of 23 property projects were presented on the occasion, including Roomi Icon, Saeeda Residency, Aziz Excellency, and Athar’s Aman Castle. The projects showcased during the two-day property saga are…

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  • JICA to assist NTDC in strengthening of Transmission System through Revamping Training Facilities

    Lahore, November 16, 2022 (PPI-OT):The 2nd high-level meeting of the Joint Coordination Committee (JCC) was held at the NTDC committee room in WAPDA House Lahore, today. The meeting was attended by senior officer of the Power Division Islamabad, Joint Secretary Ministry of Finance and EAD Islamabad, Representatives of the Japan International Cooperation Agency (JICA) headquarters…

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