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Print - 2010-12-28
Basel Committee seeks detailed rules on bank pay

Basel Committee seeks detailed rules on bank pay

Global banking supervisors tackling issues like bonuses, which drew ire during the economic crisis, said banks should disclose how an individual's pay is linked to the firm's performance, including longer-term profitability. Under new proposals, banks wou
Published 28 Dec, 2010 12:00am
Nominal business in lacklustre condition on cotton market

Nominal business in lacklustre condition on cotton market

Cotton market lacked normal trading activity on Monday as Sindh Government announced a holiday on account of third death anniversary of former prime minister Benazir Bhutto, dealers said. The Karachi Cotton Association (KCA) spot rate was unchanged at Rs
Published 28 Dec, 2010 12:00am
No business seen on grain market

No business seen on grain market

Not a single change was seen on the wholesale grain and seed market on Monday as several commercial centres were closed due to holiday in Sindh on account of third death anniversary of former prime minister Benazir Bhutto, grain, seed merchants group's re
Published 28 Dec, 2010 12:00am
Investors line up for first IPOs in Laos

Investors line up for first IPOs in Laos

Eager novice investors in communist Laos signed up for shares as the country's first-ever initial public offerings came to a close, an investment banker said Monday. EDL-Generation Public Company has offered 217 million common shares this month at a fixed
Published 28 Dec, 2010 12:00am
Beijing to raise minimum wage by 21 percent

Beijing to raise minimum wage by 21 percent

The minimum wage in China's capital city will go up by 21 percent next year, state media said on Monday, a sign that labour costs in the world's second-largest economy are on track to rise strongly again in 2011. Beijing will lift the floor for wages by 2
Published 28 Dec, 2010 12:00am
Police disperse jobs protest in Tunis

Police disperse jobs protest in Tunis

Tunisian police used batons on Monday to disperse a demonstration by jobless graduates demanding work and what they called an end to corruption, the first time a recent spate of protests has reached the capital. Around 1,000 people took part in the demons
Published 28 Dec, 2010 12:00am
Philippine leader signs massive budget

Philippine leader signs massive budget

Philippine President Benigno Aquino signed into law on Monday a massive 1.645 trillion-peso (37.3 billion-dollar) budget for 2011 which he said was designed to fight poverty and spur development. The 2011 budget, which is 6.8 percent higher than last year
Published 28 Dec, 2010 12:00am
India's bank further curbs transactions with Iran

India's bank further curbs transactions with Iran

India's central bank on Monday further curbed transactions with Iran, saying all current account transactions including trade deals with the Islamic Republic should be settled outside the Asian Clearing Union (ACU). Reuters had reported on Friday that the
Published 28 Dec, 2010 12:00am
China sees strong growth in cross-border yuan trade

China sees strong growth in cross-border yuan trade

Trade transactions settled in China's yuan currency totalled 388 billion yuan ($58.4 billion) as of the end of November, the People's Bank of China said on Monday. Nearly all of that, or about 340 billion yuan, was conducted in the second half of this yea
Published 28 Dec, 2010 12:00am
Iraq's daily oil production exceeds 2.6 million barrels

Iraq's daily oil production exceeds 2.6 million barrels

Iraq's newly appointed oil minister on Monday said the country's daily oil production has increased by about 100,000 barrels a day, exceeding 2.6 million barrels per day for the first time in 20 years. Abdul-Karim Elaibi said Iraq's production of crude wi
Published 28 Dec, 2010 12:00am
Dubai's Emaar, Saudi's Jadawel settle dispute

Dubai's Emaar, Saudi's Jadawel settle dispute

The Dubai developer of the world's tallest tower Emaar Properties and Saudi real estate firm Jadawel International say they have agreed to settle their long-running legal dispute. The companies said in a joint statement posted on Monday by Emaar on the Du
Published 28 Dec, 2010 12:00am
ECB steps up bond purchases to $1.47 billion

ECB steps up bond purchases to $1.47 billion

Data from the European Central Bank shows it bought government bonds worth ¤1.121 billion ($1.468 billion) in the week ended December 24, as the ECB stepped up bond purchases in its fight against Europe's debt crisis.
Published 28 Dec, 2010 12:00am
AIG gets $3 billion in facilities

AIG gets $3 billion in facilities

Insurance giant AIG is taking yet another step on its road to recovery, obtaining $3 billion in credit facilities. The news sent AIG shares soaring 6 percent in morning trading Monday. The New-York based company said it will be able to tap the facilities
Published 28 Dec, 2010 12:00am
Markets closed

Markets closed

Stock and financial markets in United Kingdom, Australia, Hong Kong, New Zealand and the Philippines are closed on Monday for public holidays. London markets will remained closed on Tuesday.
Published 28 Dec, 2010 12:00am
PepsiCo's Russia deal gets initial nod of approval

PepsiCo's Russia deal gets initial nod of approval

PepsiCo's biggest acquisition outside the United States made progress on Monday when the head of Russia's anti-monopoly service said the unit looked favourably on the US company's take-over of a major local firm. PepsiCo on December 2 agreed to pay 5.4 bi
Published 28 Dec, 2010 12:00am
Azerbaijan to supply oil to Belarus for Venezuela

Azerbaijan to supply oil to Belarus for Venezuela

Azerbaijan has agreed to supply crude oil to Belarus on behalf of Venezuela and, in return, the Latin American country will provide oil to meet Azerbaijan's export commitments to the United States, state energy company SOCAR said. "We signed swap deals be
Published 28 Dec, 2010 12:00am
Nestle takes majority stake in Turkish firm

Nestle takes majority stake in Turkish firm

Swiss food conglomerate Nestle said Monday it had acquired a majority stake in Turkish confectionery brands Dogan and Balaban Gida as it seeks to expand in the low-income segment of the market. Nestle did not disclose financial details concerning the acqu
Published 28 Dec, 2010 12:00am
German industry to create 70,000 jobs in 2011

German industry to create 70,000 jobs in 2011

Germany's manufacturing industry will create 70,000 new jobs next year, the head of the German Chamber of Industry and Commerce (DIHK) told a newspaper, citing a study it conducted. "Industry will therefore contribute a quarter of the growth in employment
Published 28 Dec, 2010 12:00am
Bargain hunters hit sales in Britain

Bargain hunters hit sales in Britain

Shoppers thronged London's top stores on Monday hunting for bargains in the post-Christmas sales, with former supermodel Jerry Hall helping to open proceedings at Harrods. Mick Jagger's ex-wife and her daughter Lizzy arrived at the renowned department sto
Published 28 Dec, 2010 12:00am
South East Asian markets: Singapore near two-week high

South East Asian markets: Singapore near two-week high

Singapore shares climbed to two-week highs on Monday and other Southeast Asian stock markets mostly posted small gains, with a surprise interest rate rise in China doing little to dampen optimism about economic growth. Investors bought commodity shares, e
Published 28 Dec, 2010 12:00am
Bulgaria exchange plans debut on January 6

Bulgaria exchange plans debut on January 6

The shares of the Sofia Stock Exchange, in which the Bulgarian finance ministry is a majority holder, will be listed on January 6 in a bid to boost transparency and attract a strategic investor, the bourse said. The exchange will register for trade all of
Published 28 Dec, 2010 12:00am
Shanghai shares up, yuan falls

Shanghai shares up, yuan falls

Chinese investors went from relief to apprehension of more tightening ahead on Monday after the central bank's surprise Christmas Day interest rate rise, pushing the stock market down 1.9 percent after earlier gains. The 25-basis-point increase in benchma
Published 28 Dec, 2010 12:00am
Monday's morning trade: Wall Street dips after China rate hike

Monday's morning trade: Wall Street dips after China rate hike

US stocks slipped on Monday as a surprise interest rate hike from China's central bank over the weekend prompted investors, worried about demand, to sell equities. China's central bank raised interest rates on Saturday for the second time in just over two
Published 28 Dec, 2010 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares edged lower on Monday amid year-end thin volume and weighed down by a surprise decision by China's central bank to raise interest rates on Christmas day, a move that hurt automakers including Hyundai Motor. The Korea Composite Stock Price Ind
Published 28 Dec, 2010 12:00am
Nikkei average rises

Nikkei average rises

Japan's Nikkei average rose 0.8 percent on Monday in thin trade as increased appetite for lagging Tokyo stocks in recent weeks helped to offset concerns over China's weekend interest rate hike. Global stocks and commodities are hovering near multiyear hig
Published 28 Dec, 2010 12:00am
General Khalid visits Air Headquarters

General Khalid visits Air Headquarters

General Khalid Shameem Wynne, Chairman Joint Chiefs of Staff Committee on Monday visited the Air Headquarters and called on Air Chief Marshal Rao Qamar Suleman, Chief of the Air Staff, Pakistan Air Force. The Chairman was briefed about the PAF. The Air Ch
Published 28 Dec, 2010 12:00am
Eight killed in fog-related accidents

Eight killed in fog-related accidents

At least eight people were killed and forty others injured in a deadly collision involving 25 vehicles in Multan and other parts of the country due to thick fog. At least three persons died and another 25 injured when 30 cars jumbled at Bahawalpur Road, M
Published 28 Dec, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (December 27, 2010).

Published 28 Dec, 2010 12:00am
Nato terminal attackers acquitted

Nato terminal attackers acquitted

Hafiz Muhammad Irfan and Chaudhry Abdul Rauf were acquitted by special Anti-Terrorism Court Dera Ghazi Khan headed by Javed Iqbal because the prosecution failed to prove their involvement in plotting to attack the Nato terminal in Rajanpur. As soon as the
Published 28 Dec, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (December 27, 2010).

Published 28 Dec, 2010 12:00am
'Government fails to resolve issues of business community'

'Government fails to resolve issues of business community'

Regional Chairman and Vice President, Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Mian Muhammad Adrees has said the government has failed in resolving the issues of the business community and nobody has trust in government policies thu
Published 28 Dec, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (December 27, 2010).

Published 28 Dec, 2010 12:00am
Hilal-e-Ahmar releases annual performance report

Hilal-e-Ahmar releases annual performance report

Chairman Hilal-e-Ahmar, Punjab Mian Muhammad Hanif on Monday released annual performance report for the year 2010. According to the report, Hilal-e-Ahmar collected 2210 bags of blood donations while it also imparted first aid training to 7115 individuals
Published 28 Dec, 2010 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (December 27, 2010).

Published 28 Dec, 2010 12:00am
'No Nato helicopters crossed into Pakistani airspace'

'No Nato helicopters crossed into Pakistani airspace'

The US Embassy on Monday refuted reports of the Nato helicopters crossing into Pakistani airspace near Torkham. "There were reports that Nato helicopters crossed into Pakistani airspace near Torkham on Monday". "This is not the case. US Embassy officials
Published 28 Dec, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (December 27, 2010).

Published 28 Dec, 2010 12:00am
Pakistan Cables announces changes in its Board of Directors

Pakistan Cables announces changes in its Board of Directors

Pakistan Cables has announced that Roddy Macdonald, Executive Vice President, General Cable Corporation and Ernest K. Cuyegkeng, President, Phelps Dodge International (Philippines) Inc, have been appointed Directors of the company with effect from Novembe
Published 28 Dec, 2010 12:00am
Funds embezzlement case: former director CDA released on bail

Funds embezzlement case: former director CDA released on bail

A division bench of Lahore High Court here Monday suspended sentence of former director Capital Development Authority (CDA), Muhammad Junaid Karim and ordered to release him on bail. The bench comprising Chief Justice Ijaz Ahmad Chaudhry and Justice Sheik
Published 28 Dec, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (December 27, 2010).

Published 28 Dec, 2010 12:00am
NCEL holds road shows for investors' education

NCEL holds road shows for investors' education

National Commodity Exchange Limited (NCEL) in association with registered brokers held road shows in Gujranwala and Lahore. The events focused on three main areas namely, the role of National Commodities Exchange in introducing commodities trade in the co
Published 28 Dec, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (December 27, 2010).

Published 28 Dec, 2010 12:00am
Rs 7.52 billion pact signed for 106 megawatts Golen Gol project

Rs 7.52 billion pact signed for 106 megawatts Golen Gol project

Rupees 7.52 billion agreements was signed between Pakistan Water & Power Development Authority (Wapda) and Sambu-Sarco joint venture comprising a Korean and a Pakistani firm, here at Wapda House on Monday for Lot-II of 106-MW Golen Gol Hydropower Project.
Published 28 Dec, 2010 12:00am
US missiles kill 18

US missiles kill 18

Suspected US missiles struck two vehicles in a Taliban stronghold in North Waziristan on Monday, killing 18 alleged militants, Pakistani intelligence official said. The attack in the North Waziristan tribal region came in the final days of a year that has
Published 28 Dec, 2010 12:00am
Pakistan Navy tests surface-to-air missile

Pakistan Navy tests surface-to-air missile

Pakistan Navy successfully tested its Air Defence capability on Monday. Chief of the Naval Staff, Admiral Noman Bashir, witnessed the live surface-to-air missile firing along with Vice Admiral Tayyab Ali Dogar, the Air Defence Commander of Pakistan Navy.
Published 28 Dec, 2010 12:00am
Gas, prolonged power outages hit industries hard

Gas, prolonged power outages hit industries hard

Due to prolonged power outages and unavailability of gas people of Sialkot are facing multiple problems in extremely cold weather. Industries are suffering badly because of unavailability of gas and electricity loadshedding as a result overall productivit
Published 28 Dec, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (December 27, 2010)and for Tuesday (December 28, 2010).
Published 28 Dec, 2010 12:00am
Rules violation: OGDCL set to propose hefty pay for MD, 2 GMs

Rules violation: OGDCL set to propose hefty pay for MD, 2 GMs

The Oil and Gas Development Company Limited (OGDCL) management is reportedly set to propose to its Board of Directors (BoDs) to grant approval for Rs 1.6 million per month salary for its Managing Director and Rs 0.8 million per month for two General Manag
Published 28 Dec, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 27, 2010).

Published 28 Dec, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 28 Dec, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 28 Dec, 2010 12:00am
Big Bird, PBIT sign MoU to increase poultry production

Big Bird, PBIT sign MoU to increase poultry production

Big Bird and Punjab Board of Investment and Trade (PBIT) signed a Memorandum of Understanding (MoU) to increase poultry production in the country. It is believed that the MoU will pave the way for the export of poultry as well as envisage establishment of
Published 28 Dec, 2010 12:00am
PPP Khyber Pakhtunkhwa demands arrest of Benazir's killers

PPP Khyber Pakhtunkhwa demands arrest of Benazir's killers

All wings of Pakistan People's Party (PPP), Khyber Pakhtunkhwa Monday unanimously demanded the exposure of the killers of their late leader Shaheed Benazir Bhutto to bring them into justice. The unanimous demand was made during a function held in connecti
Published 28 Dec, 2010 12:00am
Taseer pays tributes to Benazir Bhutto

Taseer pays tributes to Benazir Bhutto

Punjab Governor, Salman Taseer has said Benazir Bhutto was an international leader and Pakistan Peoples Party (PP) will make all efforts to fulfil her mission. He was addressing a ceremony held in connection with the third death anniversary of former PPP
Published 28 Dec, 2010 12:00am
The Weather

The Weather

The weather report on Monday (December 27, 2010) and the forecast for Tuesday (December 28, 2010).

Published 28 Dec, 2010 12:00am
Seminar on 'Life and services of Benazir Bhutto' held

Seminar on 'Life and services of Benazir Bhutto' held

Pakistan People's Party (PPP) leader and Chairman Pakistan Bait-ul-Mal Zamurd Khan said that Shaheed Benazir Bhutto was a committed leader with extraordinary political vision and wisdom.
Published 28 Dec, 2010 12:00am
Benazir Bhutto murder case probe completed: Malik

Benazir Bhutto murder case probe completed: Malik

Federal Interior Minister Rehman Malik has said that investigation into the assassination of Shaheed Benazir Bhutto has been completed. "Investigation report is with the Joint Investigation Team and it will be presented in the next meeting of CEC of the P
Published 28 Dec, 2010 12:00am
Rulers have failed to nab BB's assassins: SNF

Rulers have failed to nab BB's assassins: SNF

Rulers could not identify Benazir Bhutto's assassins even after a lapse of three years. This is in spite of the fact that Asif Ali Zardari had announced on the first day of the tragedy that he knows the murderers, but has been hiding them. These views wer
Published 28 Dec, 2010 12:00am
PML-Q not in favour of dislodging government: Shujaat

PML-Q not in favour of dislodging government: Shujaat

Pakistan Muslim League-Q President Chaudhry Shujaat Hussein on Monday said his party is not in favour of dislodging the present government because in the past such moves had not produced positive results. He said this while talking to reporters at his Gul
Published 28 Dec, 2010 12:00am
BB martyrdom a great tragedy for our nation: Fakhar Zaman

BB martyrdom a great tragedy for our nation: Fakhar Zaman

The martyrdom of Mohtarma Benazir Bhutto was a great tragedy for our nation. After tragic demise of Mohtarma Shaheed, every moment of the history of Pakistan is dragging ahead with her sad and agonising memories. These views were expressed by Fakhar Zaman
Published 28 Dec, 2010 12:00am
BB's third death anniversary observed

BB's third death anniversary observed

The third death anniversary of Benazir Bhutto was observed in a befitting manner across Punjab on Monday. Many special congregations were organised to mark the occasion, in which speakers paid rich tributes to BB for sacrificing her life for the cause of
Published 28 Dec, 2010 12:00am
PPP promoted democracy in real sense: minister

PPP promoted democracy in real sense: minister

Punjab Minister for Population Welfare, Neelam Jabbar Chaudhry has said that PPP has promoted real democracy in Pakistan and Shaheed Mohtarma Benazir Bhutto made a history of social, economic and political welfare with her continuous efforts and hard work
Published 28 Dec, 2010 12:00am
Wajid for strengthening democracy

Wajid for strengthening democracy

The best tribute to the memory of martyred Mohtarma Benazir Bhutto would be to thwart all anti-democratic machinations and not to allow the dark history of obscurantism to repeat itself said Pakistan High Commissioner Wahid Shamsul Hasan.
Published 28 Dec, 2010 12:00am
Rs 1 billion fraudulent refund claims: FBR blacklists 102 companies

Rs 1 billion fraudulent refund claims: FBR blacklists 102 companies

The Federal Board of Revenue (FBR) has blacklisted some 102 companies, reportedly involved in minting money on fraudulent sales tax refund claims, Business Recorder learnt on Monday. Sources said that the Regional Office of the Directorate of Intel
Published 28 Dec, 2010 12:00am
Urea price raised by 25 percent in a week

Urea price raised by 25 percent in a week

Fertiliser manufacturers and dealers raised price of urea by 25 percent within a week. This increase would push up the input cost of Rabi crops, especially wheat, according to sources. Urea fertiliser manufacturers have jacked up the price of urea from Rs
Published 28 Dec, 2010 12:00am
Mybank BoD approves amalgamation plan

Mybank BoD approves amalgamation plan

The board of directors of Mybank Limited has approved the draft scheme of amalgamation under the provisions of section 48 of the Banking Companies Ordinance, 1962, subject to approval of shareholders and State Bank of Pakistan, and any modification which
Published 28 Dec, 2010 12:00am
Sharp rise in prices of onion, tomato

Sharp rise in prices of onion, tomato

Once again onion and tomato rates have sharply increased in wholesales and retail markets of Karachi. According to wholesales persisting shortage supply of onion, its export to India and increasing in demand supply gap resulting in price increase.
Published 28 Dec, 2010 12:00am
Students to be given interest-free loans

Students to be given interest-free loans

An amount of Rs 189.29 million will be disbursed as interest-free loans to deserving students for higher studies within Pakistan for the 2009-2010 session as approved by the Apex Committee for Student Loan Scheme.
Published 28 Dec, 2010 12:00am
PTA's high-tech seminar today

PTA's high-tech seminar today

Pakistan Telecommunication Authority (PTA) is organising a seminar with the collaboration of ZTE Corporation (Zhongxing Telecom) at Lahore on December, 28, 2010 (Tuesday). The theme of seminar is "To be or not to be is not the question: 3G is coming".
Published 28 Dec, 2010 12:00am
Current year's trading volumes at KSE declined to 122 million shares

Current year's trading volumes at KSE declined to 122 million shares

Trading volumes at the local bourse drastically declined to 122 million shares during the current year, 29 percent lower than previous year. The average daily trading activity was 47 percent low as compared with average daily activity of last 10 years.
Published 28 Dec, 2010 12:00am
Two Ahle-Sunnat-Wal-Jamat activists killed

Two Ahle-Sunnat-Wal-Jamat activists killed

Target killing of two activists of Ahle-Sunnat-Wal-Jamat by unknown assailants on Monday left the New Karachi area under panic. According to police sources, the activists namely Shoaib, son of Ilyas and Mustafa, son of Yaqoob received bullets by unknown a
Published 28 Dec, 2010 12:00am
Aramco price rise: LPG producers asked to rationalise prices

Aramco price rise: LPG producers asked to rationalise prices

The Saudi Aramco contract price for LPG is expected to rise by US $40-50 per ton next month which would break all previous records and be the highest ever price of LPG, a spokesman of LPG Association of Pakistan, said. In view of this, the spokesman reque
Published 28 Dec, 2010 12:00am
Afghanistan needs Pakistan's help on security

Afghanistan needs Pakistan's help on security

The Afghan president's spokesman says security cooperation with Pakistan is key if his nation is to be able to quell its virulent insurgency. Wahid Omar said on Monday that President Hamid Karzai discussed the issue with Pakistani officials during a recen
Published 28 Dec, 2010 12:00am
Good governance in Punjab not due to PPP support: PML-N

Good governance in Punjab not due to PPP support: PML-N

If there is good governance in Punjab due to the support of Pakistan People's Party (PPP) then why the same is not applicable to other provinces and centre. This point was raised by Pakistan Muslim League-Nawaz (PML-N) Senator Pervaiz Rashid while talking
Published 28 Dec, 2010 12:00am
Colgate Palmolive's unique scholarship programme

Colgate Palmolive's unique scholarship programme

Colgate-Palmolive (Pakistan) Limited launched a unique scholarship programme for primary school children. The main idea behind this programme, 'Seekho Aur Jeeto,' was to create awareness amongst children about the importance of oral health and hygiene. To
Published 28 Dec, 2010 12:00am
Newly elected LTIA office-bearers felicitated

Newly elected LTIA office-bearers felicitated

Haroon Shafique Chaudhry, Chaudhry Iftikhar Bashir and Yasir Rashid have been elected unopposed as Chairman, Senior Vice Chairman and Vice Chairman of Lahore Township Industries Association (LTIA), respectively for year 2011.
Published 28 Dec, 2010 12:00am
UN suspends food handouts in Bajaur

UN suspends food handouts in Bajaur

The United Nations said Monday it had suspended food handouts in tribal district of Bajaur after more than 40 people were killed in the country's first female suicide bombing. The decision affects nearly 300,000 people who depend on general rations from t
Published 28 Dec, 2010 12:00am
JCR-VIS assigns Management Quality Rating to JSIL

JCR-VIS assigns Management Quality Rating to JSIL

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assigned Management Quality Rating of 'AM2-' (AM-two minus) to JS Investments Limited (JSIL). Outlook on the assigned rating is 'Stable'. The rating takes into account the various strategic initiatives taken
Published 28 Dec, 2010 12:00am
JCR-VIS assigns Management Quality Rating to JSIL

JCR-VIS assigns Management Quality Rating to JSIL

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assigned Management Quality Rating of 'AM2-' (AM-two minus) to JS Investments Limited (JSIL). Outlook on the assigned rating is 'Stable'. The rating takes into account the various strategic initiatives taken
Published 28 Dec, 2010 12:00am
JCR-VIS reaffirms rating of UBL Capital Protected Fund I

JCR-VIS reaffirms rating of UBL Capital Protected Fund I

JCR-VIS Credit Rating Company Limited has reaffirmed the Capital Protected Fund (CPF) Rating of United Bank Limited (UBL) Capital Protected Fund-I (UCPF-1) at 'AA+(cpf)' (double A plus (cpf)). The rating reflects very high probability of timely repayment
Published 28 Dec, 2010 12:00am
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