Karachi, The entity ratings for IJ Plastic Industries (Pvt.) Limited (IJPIL) by VIS Credit Rating Company Limited (VIS) have been withdrawn. This action is effective immediately and results from the non-renewal of the rating contract, with the last assessment conducted on January 12, 2023.

According to VIS Credit Rating Company Limited, the discontinuation of the ratings for IJPIL was necessitated by the lack of a renewed contract, which is essential for maintaining the rating process. The specifics of the impact on IJPIL following this withdrawal and the details of their previous ratings remain unelaborated by VIS.