Web Desk
Karachi, March 11, 2023 (PPI-OT): Following is the text of press release issued by Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Quote Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised that in a detailed meeting with the newly-appointed Director General of Pakistan Standards and Quality Control Authority (PSQCA), the apex body of the…
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Lahore, March 11, 2023 (PPI-OT): Pak Oman Asset Management Company Ltd (or the “POAMCL”) is a Non-Banking Finance Company incorporated on July 28, 2006 as a public unlisted company with the principal objective of acting as an investment manager for mutual funds. The prominent business acumen of the sponsor bodes well for the rating. The…
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Islamabad, March 11, 2023 (PPI-OT): TOTAL PARCO PAKISTAN LIMITED (TPPL) is a multinational joint-venture between TOTAL S.A. and Pak Arab Refinery Co Ltd (PARCO) operating in Pakistan since 2001 and is an affiliate of world’s 5th largest publicly listed integrated energy group TOTAL S.A. headquarters based in Paris. We are into oil and lubricant marketing…
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Lahore, March 11, 2023 (PPI-OT): NIT Money Market Fund (or the “Fund”) is low risk profile fund. The assigned rating reflects the Fund’s low credit risk profile emanating from Fund’s Investment policy to invest in avenues with sound liquidity. The Fund had invested ~69.7% in T-Bills, ~20.1% in cash majority in single bank rated AAA…
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Lahore, March 11, 2023 (PPI-OT): Alhamra Daily Dividend Fund (or the “Fund) is a medium risk-profile fund. The assigned rating reflects the adequate strength of the Fund’s credit and interest rate risk profile. Furthermore, considerable holding of cash and bank balances reinforce the liquidity profile. At the end-Dec’22, 65% of the portfolio was invested in…
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Lahore, March 11, 2023 (PPI-OT): 5th Pillar Family Takaful is an initiative taken by eminent Kuwaiti and Pakistani business houses to offer Hajj and Umrah takaful saving plans to middle and low middle income Muslims especially from Pakistan supported with an end to end value chain to facilitate the customers in Pakistan and in Saudi…
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Lahore, March 11, 2023 (PPI-OT): Lakson Money Market Fund (or the “Fund”) is low risk profile fund. The assigned rating reflects the Fund’s low credit risk profile emanating from Fund’s Investment policy to invest in avenues with sound liquidity. The Fund had allocated ~51.3% in T-Bills, ~25.7% in placement with NBFIs rated AA+ and above,…
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