Tag: PACRA

Lahore, February 16, 2023 (PPI-OT):ThalNova Power Thar (Pvt) Limited (“the Company”) is setting up a 1×330 (gross) mine mouth Thar coal-based power plant located at Block – II, Thar Coalfield, District Tharparkar, Sindh. The Hub Power Company Limited (HUBCO) holds significant stake of 38% in the Company. HUBCO’s financial strength and commendable experience in the […]

Lahore, February 16, 2023 (PPI-OT):The Hub Power Company Limited (HUBCO) of Pakistan along with Fauji Fertilizer Company Limited (FFCL), has set up a 330MW coal power plant, under the umbrella of Thar Energy Limited (TEL). Both major shareholders collectively represent 90% shareholding, and have very strong credentials, as also reflected by their Entity Ratings (AA+). […]

Lahore, February 16, 2023 (PPI-OT):Bank Alfalah Limited (“BAFL” or the “Bank”) is an active player in the lending market. Its presence around different segments of advances book is also meaningful. The ratings reflect the Bank’s improved performance, good asset quality, strong financial profile and healthy liquidity. Asset quality declined as NPLs grew, increasing the infection […]

Lahore, February 14, 2023 (PPI-OT):Askari General Insurance Company Limited has a solid risk profile. This is reflected in the assigned rating of the Company. Askari General has exhibited sustained business volumes and underwriting performance in recent times through its underwriting strategy, with a focus to augment the bottom-line profitability. During 9MCY22, Company earned GPW of […]

Lahore, February 14, 2023 (PPI-OT):Bank Alfalah Limited (“BAFL” or the “Bank”) is an active player in the lending market. Its presence around different segments of advances book is also meaningful. The ratings reflect the Bank’s performance, asset quality, strong financial profile and healthy liquidity. In line with the Bank’s overall growth strategy, as on Sep’22, […]

Lahore, February 14, 2023 (PPI-OT):uring CY22 the KSE-30 index benchmark declined by -15.22% due to political turbulence, heightened economic risks arising from devastating floods, elevated inflation, slowing economic growth, PKR devaluation, and declining foreign exchange reserves. PACRA ranked funds comprise five funds among the universe of thirteen funds. The category average showed a negative return […]

Lahore, February 14, 2023 (PPI-OT):During CY22 the KSE-100 index (the benchmark) declined by 9.4% due to political turbulence, heightened economic risks arising from devastating floods, elevated inflation, slowing economic growth, PKR devaluation, and declining foreign exchange reserves. PACRA-ranked funds comprise five funds among the universe of twenty-eight funds. While the category average showed a negative […]

Lahore, February 14, 2023 (PPI-OT):During CY22 the KMI-30 index (the benchmark) declined by 4.76% due to political turbulence, heightened economic risks arising from devastating floods, elevated inflation, slowing economic growth, PKR devaluation, and declining foreign exchange reserves. PACRA-ranked funds comprise three funds among the universe of twenty-one funds. While the category average showed a negative […]

Lahore, February 14, 2023 (PPI-OT):During CY22 the KSE-100 index (the benchmark) declined by 9.4% due to political turbulence, heightened economic risks arising from devastating floods, elevated inflation, slowing economic growth, PKR devaluation, and declining foreign exchange reserves. PACRA-ranked funds comprise five funds among the universe of twenty-eight funds. While the category average showed a negative […]

Lahore, February 14, 2023 (PPI-OT):During CY22 the KSE-100 index benchmark declined by -9.36% due to political turbulence, heightened economic risks arising from devastating floods, elevated inflation, slowing economic growth, PKR devaluation, and declining foreign exchange reserves. PACRA ranked funds, includes the twenty-eight Funds. The Faysal Stock Fund ranked 2-Star. Total return of the Fund in […]