| 2023 | January | 4

  • President KCCI seeks AIGP’s help in dealing with continuous traffic jams at University Road

    Karachi, January 04, 2023 (PPI-OT):President Karachi Chamber of Commerce and Industry (KCCI) Mohammed Tariq Yousuf, while expressing deep concerns over constant traffic jams at the University Road, requested the authorities at the traffic police department to devise effective strategies for avoiding traffic jams at University Road, which is one of the busiest Roads of Karachi….

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  • VIS Withdraws Syndicated Bank Loan Ratings of Power Cement Limited

    Karachi, January 04, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) has withdrawn the bank loan rating (blr) of ‘A (blr)’ (Single A (blr)) assigned to Power Cement Limited (PCL) secured syndicated bank loan facility of Rs. 16.2b, with immediate effect, on account of the management’s decision to discontinue the rating. Previous rating action was announced…

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  • VIS Upgrades Fund Stability Rating of Askari Sovereign Yield Enhancer

    Karachi, January 04, 2023 (PPI-OT):VIS Credit Rating Company Limited has upgraded the Fund Stability Rating (FSR) of Askari Sovereign Yield Enhancer (ASYE) from ‘A+ (f)’ (Single A Plus (f)) to ‘AA-’ (Double A Minus (f)). The medium to long term rating of ‘AA-’ denotes high degree of stability in NAV. Risk is modest but may…

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  • VIS Reaffirms Fund Stability Rating of Askari Cash Fund

    Karachi, January 04, 2023 (PPI-OT):VIS Credit Rating Company Limited has reaffirmed the Fund Stability Rating (FSR) of Askari Cash Fund (ACF) at ‘AA+ (f)’ (Double A Plus (f)). The medium to long term rating of ‘AA+’ denotes high degree of stability in NAV. Risk is modest but may vary slightly from time to time because…

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  • VIS Suspends Entity Ratings of Zahra Textile

    Karachi, January 04, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘A-/A-2’ (A Minus/A-Two) assigned to Zahra Textile, with immediate effect, due to the non-availability of required information for rating analysis. Ratings will be reassessed as and when the required information becomes available. Previous rating action was announced on…

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  • Zameen.com Organizes Launch Ceremony of ‘Highland Villas’ in DHA Multan

    Multan, January 04, 2023 (PPI-OT):Zameen.com – Pakistan’s largest real estate enterprise – organized a launch ceremony for a new project ‘Highland Villas’, a joint project of Zameen.com and Highland Developers at DHA Multan. The Chief Guest of the ceremony was DHA Multan’s Project Director, Brig Shoeb Anwar Kayani. Zameen.com was represented by Zameen.com’s Associate Director…

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  • MMBL scores two awards by HR Metrics at GDEIB Awards 2023

    Islamabad, January 04, 2023 (PPI-OT):HR Metrics has recognized Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, for being a leader in Diversity, Equity, and Inclusion (DEI) in the following categories: Diversity and Inclusion (D and I) structure and implementation and work-life integration, flexibility, and benefits at the Global Diversity, Equity and Inclusion Benchmarks (GDEIB)…

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