Karachi, May 25, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has suspended the entity ratings assigned to Pakistan Tiles (Pvt) Ltd (PTPL), with immediate effect, due to non-availability of required information for ratings analysis. The ratings will be reassessed when required information is available. The previous rating action was announced on May 18, 2022.

For more information, contact:

Director Compliance and Rating Analytics,

VIS Credit Rating Company Limited

VIS House, 128/C, 25th Lane off Khayaban-e-Ittehad,

Phase VII, DHA, Karachi, Pakistan

Tel: +92-21-35311861-72

Fax: +92-21-35311873

Email: bilal@jcrvis.com.pk

Website: https://www.vis.com.pk/