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Daily Archives: June 21, 2019

Lahore Chamber of Commerce and Industry has urged the government to lay foundation of “Industrial Revolution

Lahore, June 21, 2019 (PPI-OT): The Lahore Chamber of Commerce and Industry has urged the government to lay foundation of “Industrial Revolution” by abolishing customs/regulatory duty/additional duty on around 2800 tariff lines for raw materials.

The LCCI President Almas Hyder …

PACRA Upgrades IFS Rating of Dawood Family Takaful Limited

Lahore, June 21, 2019 (PPI-OT): The rating denotes strong capacity of the company to meet policyholder and contractual obligations. The rating reflects DFTL’s ability to continue capturing takaful volumes. The company has achieved net profitability position, though sustainability is required. …

PACRA Maintains Entity Ratings of Pakistan Kuwait Investment Company (Private) Limited

Lahore, June 21, 2019 (PPI-OT): Development Financial institutions (DFIs) largely operate on turf common to commercial banks. Limited depth in participation towards development of long gestation projects, low funding base and high competition become their key challenges. Joint Venture Financial …

Entity Ratings of Sindh Leasing Company Limited

Karachi, June 21, 2019 (PPI-OT):VIS Credit Rating Company Limited (VIS) has placed the entity ratings of Sindh Leasing Company Limited (SLCL) under ‘Rating Watch Developing’ status in view of the impending merger with Sindh Bank Limited (SBL). SLCL currently has …

VIS Reaffirms Entity Ratings of Pak China Investment Company Limited

Karachi, June 21, 2019 (PPI-OT): VIS Credit Rating Company Limited (VIS) has re-affirmed the entity ratings of Pak China Investment Company Limited (PCICL) at ‘AAA/A-1+’ (Triple A/A-One Plus). The medium to long-term rating of ‘AAA’ denotes highest credit quality, with …

Chief of the Naval Staff addresses naval officers at Pakistan Navy war college Lahore

Islamabad, June 21, 2019 (PPI-OT): Chief of the Naval Staff, Admiral Zafar Mahmood Abbasi addressed the course participants of 48th Pakistan Navy Staff Course and faculty of Pakistan Navy War College, Lahore. During the address, Chief of the Naval Staff …

FINAL preparations underway to implement Benaami laws

Islamabad, June 21, 2019 (PPI-OT): The Benami Transactions (Prohibition) Act, 2017 has become operative since March, 2019. Federal Board of Revenue is the focal authority under this Act. The matter of proper implementation of Benami Transactions (Prohibition) Act, 2017 will …