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  • JCR-VIS Reaffirms Fund Stability Rating of ABL Government Securities Fund

    Karachi, January 16, 2018 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Fund Stability Rating of ABL Government Securities Fund (ABL GSF) at ‘A (f)’ (Single A (f)). Previous rating action was announced on 30th December 2016. As per pre-defined exposure limits, the fund must deploy at least 70% of its assets in government…

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  • PACRA assigns Broker Management Rating to Arif Habib Limited

    Lahore, January 16, 2018 (PPI-OT):Broker Management Rating of Arif Habib Limited captures its leading position in the country’s brokerage industry emanating from established franchise, deep relationship with diverse customer base, and strong system share. This is underpinned by its well-developed transactions execution and monitoring system, acclaimed research, strong control environment, and good governance framework. It…

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  • JCR-VIS Reaffirms Fund Stability Rating of ABL Income Fund

    Karachi, January 16, 2018 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Fund Stability Rating of ABL Income Fund (ABL IF) at ‘A(f)’ (Single A(f)). Last rating action was taken on 30th December 2016. The operational policy of the fund stipulates that a quarter of assets must be deployed in cash and near cash…

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  • Opening of designated bank branches on 20th and 21st January, 2018 for the Collection of Hajj Applications

    Karachi, January 16, 2018 (PPI-OT):State Bank of Pakistan, upon the request of Ministry of Religious Affairs and Interfaith Harmony, has directed 13 designated banks (viz. Habib Bank, United Bank, National Bank of Pakistan, MCB Bank, Allied Bank, Bank of Punjab, Bank Alfalah, Zarai Taraqiati Bank, Habib Metropolitan Bank, Meezan Bank, Dubai Islamic Bank, Faysal Bank…

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  • JCR-VIS Reaffirms Fund Stability Rating of ABL Islamic Income Fund

    Karachi, January 16, 2018 (PPI-OT):JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Fund Stability Rating of ABL Islamic Income Fund at ‘A(f)’ (Single A (f)). The previous rating action was announced on December 30th, 2016. The rating incorporates policy guidelines and actual investment allocation portfolio. On average basis, more than half of net assets…

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  • JCR-VIS Reaffirms Fund Stability Rating of ABL Cash Fund at ‘AA (f)’

    Karachi, January 16, 2018 (PPI-OT):JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Fund Stability Rating of ABL Cash Fund (ABL CF) at ‘AA(f)’ (Double A(f)). Previous rating action was announced on 30th December 2016. Established in July’2010, ABL Cash Fund operates as an open end money market fund. Credit quality of the fund has…

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  • Pakistan, Turkmenistan agree to enhance economic ties

    Islamabad, January 16, 2018 (PPI-OT):Pakistan and Turkmenistan have agreed to further enhance economic relations through joint ventures in agriculture, textile, livestock and IT sector. The agreement was reached at the inaugural session of Pakistan-Turkmenistan Bilateral Political Consultations in Islamabad on Tuesday. The session was attended by Foreign Minister Khawaja Muhammad Asif and Minister of Foreign…

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