| 2023 | January | 18

  • PACRA Updates the Entity Ratings of H. Sheikh Noor-ud-Din and Sons (Private) Limited – Outlook Stable – Removed Rating Watch

    Lahore, January 18, 2023 (PPI-OT):H. Sheikh Noor-ud-Din and Sons (Private) Limited (“The Company” or “HSNDS”) is a family-owned manufacturing and production arm of NRS Relief which is primarily engaged in the production and sale of a unique range of innovative relief products (tents, tarpaulins, canvas, mosquito nets, and other items) for humanitarian organizations. Recently, the…

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  • PACRA Upgrades Entity Ratings of ACT2 Din Wind (Private) Limited

    Lahore, January 18, 2023 (PPI-OT):Act group and Din group have successfully set up wind power plant – Act2 Din Wind (Pvt.) Limited (“Act2 Din Wind or the Project”), formerly known as Act2 wind energy Pvt. Ltd. Hydro China International Engineering Company Limited and Hangzhou Huachen Electric Power Control Company are the EPC contractors. The Upgrade…

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  • PACRA Upgrades Entity Ratings of Al-Khair Rice Mills (Private) Limited

    Lahore, January 18, 2023 (PPI-OT):Rice is among the five major crops of Pakistan and is the second main staple food, after wheat. The segment contributes about 3.5% in agriculture value addition and 0.7% to GDP. Local consumption includes ~95% of basmati rice and ~5% non-basmati. During FY22, rice crop area increased to ~3.4mln Hec (FY21:…

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  • VIS Suspends Entity Ratings of Al-Bario Engineering (Private) Limited

    Karachi, January 18, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘A-/A-2’ (A Minus/A-Two) assigned to Al-Bario Engineering (Pvt.) Limited, 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…

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  • VIS Reaffirms Entity Ratings of Thal Limited

    Karachi, January 18, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Thal Limited (‘THAL’ or ‘the Company’) at ‘AA/A-1+’ (Double AA /A-One Plus). Long term entity rating of ‘AA’ signifies high credit quality and strong protection factors. Risk is modest but may vary slightly from time to time because of economic…

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  • K-Electric to Undertake Maintenance Work at PRL Gird

    Karachi, January 18, 2023 (PPI-OT):KE will be undertaking a critical maintenance activity at PRL Grid on Wednesday, January 18, 2023, to ensure the stability and reliability of power supply to consumers residing in these areas. The activity requires a shutdown from 8:00 AM to 8:00 PM during which areas associated with the grid may experience…

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