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
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
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
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
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
Lahore, March 11, 2023 (PPI-OT): MCB DCF Income Fund (the “Fund”) is a medium-risk profile fund. At end Dec’22, largely the portfolio was invested in Government Sukuk/Securities of 77.6%, 18.4% in TFCs/Sukuks, 2.4% in Cash at Banks, while remaining was invested in others. The Fund had weighted average maturity of
Lahore, March 11, 2023 (PPI-OT): MCB Pakistan Sovereign Fund (or the ‘Fund’) is a medium risk-profile fund. The assigned rating reflects the strong strength of the Fund’s credit risk profile and moderate strength of the interest rate risk profile. At end-Dec’22, largely the portfolio was invested in Government Securities with
Lahore, March 11, 2023 (PPI-OT): Alhamra Islamic Income Fund or the “Fund” is a medium-risk profile fund. At end-Dec’22, the portfolio was invested 36.7% in Cash at Banks, 28.1% in Government Securities, 24.8% in Sukuk, 8.3% in Shariah Compliant Bank Deposits, whereas, remaining was invested in others including receivables. The
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