Business Community demands direct air links between Pakistan and Maldives to promote bilateral trade

Islamabad, February 10, 2020 (PPI-OT): Vice Admiral (R) Ather Mukhar, Pakistan’s Ambassador-designate to Maldives visited Islamabad Chamber of Commerce and Industry (ICCI) and exchanged views with Muhammad Ahmed Waheed President to further improve bilateral trade and economic relations between Pakistan and Maldives. Tahir Abbasi Senior Vice President, Saif ur Rehman Khan Vice President ICCI and […]

Read more

PACRA Upgrades Entity Ratings of Ibrahim Fibres Limited

Lahore, February 10, 2020 (PPI-OT): The ratings reflect Ibrahim Fibres’ long time leading position in the local polyester staple fibre (PSF) industry. Imposition of anti-dumping duty on PSF imported from China since Feb-16 has supported volumetric growth and margins and is expected to continue in the future. Volatility in crude oil prices impacted the entire […]

Read more

PACRA Maintains Asset Manager Rating of AKD Investment Management Limited

Lahore, February 10, 2020 (PPI-OT): The rating incorporates the Company’s strong corporate governance structure, experienced management team and recognized name in Pakistan capital market. However, the rating is constrained by relatively small market share ((less than) 1%) and high concentration in investor base. The Company has a stable core management team, which provides support to […]

Read more

PACRA Maintains Entity Ratings of Pakistan Synthetics Limited

Lahore, February 10, 2020 (PPI-OT): Pakistan’s PET packaging industry derives its demand from the country’s beverage industry, which has been negatively impacted due to the reduced purchasing power of end consumers. This, in turn, has reduced the demand for the PET packaging industry’s products. The ratings reflect Pakistan Synthetics Limited’s (Pakistan Synthetics or ‘the Company’) […]

Read more

PACRA Places Entity Ratings of Ghani Chemical Industries Limited on ‘Rating Watch’

Lahore, February 10, 2020 (PPI-OT): The ratings recognize Ghani Chemical Industries Limited’s (Ghani Chemicals) prominent position in the industrial and medical gases sector. The industry largely possesses an oligopolistic structure, benefiting the players. Recent slowdown in demand for industrial gases from key sectors, in line with the overall economic slowdown, has kept product prices depressed, […]

Read more

PACRA Places Entity Ratings of Ghani Chemical Industries Limited Sukuk – Feb-17 on ‘Rating Watch’

Lahore, February 10, 2020 (PPI-OT): The ratings recognize Ghani Chemical Industries Limited’s (Ghani Chemicals) prominent position in the industrial and medical gases sector. The industry largely possesses oligopolistic structure, benefiting the players. Recent slowdown in demand for industrial gases from key sectors, in line with the overall economic slowdown, has kept product prices depressed, reflected […]

Read more

PACRA maintains Entity Ratings of Energy Infrastructure Holding (Private) Limited

Lahore, February 10, 2020 (PPI-OT): The ratings reflect Energy Infrastructure Holding (Pvt.) Limited’s (‘the Company’) association with its parent company, Jahangir Siddiqui and Co. Ltd. (JSCL). The Company has entered in LPG Storage and Oil Marketing businesses through its subsidiaries- JS Petroleum and JS Fuel. These projects are at initial stages with a medium term […]

Read more