| 2022 | January | 24

  • PACRA maintains Entity Ratings of HUM Network – Rating Watch Removed

    Lahore, November 24, 2022 (PPI-OT):The assigned ratings incorporate HUM Network’s ability to uphold its relative market position within the media industry. With an appreciable presence of HUM TV – the Company’s flagship channel in the entertainment segment, the Company has expanded into multiple TV ventures on a timeline basis including Hum Masala, Hum Sitaray and…

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  • PACRA Assigns Initial Entity Ratings to Stylers International Limited

    Lahore, November 24, 2022 (PPI-OT):Stylers International Limited (Stylers) is a prominent textile venture of US Group. The group companies operate under the umbrella of AJ holdings – the flagship HoldCo of the group. Sponsors exercise oversight of the businesses; professional management are well-equipped and well-experienced, and spearhead the individual companies. Strategic direction is meticulously worked…

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  • VIS Reaffirms Broker Management Rating to Insight Securities (Private) Limited

    Karachi, November 24, 2022 (PPI-OT):VIS Credit Rating Company Ltd. has assigned the initial Broker Management Rating of ‘BMR2’ to Insight Securities (Pvt.) Limited. Outlook on the assigned rating is ‘Stable’. The rating signifies strong compliance and risk management and sound external control, HR and infrastructure. Regulatory requirement and supervision, internal controls, client relationship and financial…

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  • VIS Suspends Ratings of Noor Fatima Fabrics (Private) Limited

    Karachi, November 24, 2022 (PPI-OT):VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘BB/B’ (Double B / Single B) with ‘Rating Watch-Negative’ assigned to Noor Fatima Fabrics (Private) Limited (NFFL), with immediate effect, due to non-availability of required information for ratings analysis. The ratings will be reassessed as and when required information…

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  • OGDCL selects 64 employees for Hajj and Umrah through balloting

    Islamabad, November 24, 2022 (PPI-OT):The Oil and Gas Development Company Limited (OGDCL) held balloting to select employees for Hajj and Umrah for the year 2022-23. Managing Director/CEO OGDCL, Mr Khalid Siraj Subhani announced names of the lucky employees who will perform their religious obligations under the company-sponsored Hajj and Umrah Scheme. Executive Director HR/Admin Mr….

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