Last update: Sat, 02 Jul 2016 12pm

Company News: Pakistan


Azhar Aslam, Head of Islamic Banking, Standard Chartered Pakistan is a seasoned banker with over 20 years (ten years of dedicated Islamic banking) of foreign bank experience including international experience with Standard Chartered (SC) Singapore.
ImageNational Foods Limited (PSX: NATF) is among the few companies in Pakistan that have pioneered and brought a new concept in the food sector business. It would not be wrong to say that the company was well ahead of its time and rightfully understood the needs of the changing demographic and rapid urbanisation.
The Pakistan Credit Rating Agency (PACRA) has maintained long-term and short-term entity ratings of Bank AL Habib Limited (BAHL) at "AA+" (Double A Plus) and "A1+" (A One Plus), respectively. The ratings of two privately placed, unsecured subordinated TFC-IV and TFC-V issues of PKR 3,000mln and PKR 4,000mln have been maintained at "AA" (Double A). These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.
ImageCherat Cement Company Limited (KSE: CHCC) was established in 1981 with its plant located near the district of Nowshera. CHCC is engaged in the manufacturing, marketing and sale of Ordinary Portland Cement. The company started with production of 1,100 tons per day in 1985 which was increased to 3,300 tons per day in 2005 after subsequent up gradations earlier.
ImageByco Petroleum Pakistan Limited was formed in January 1995 as a public listed company. It started its first oil refinery with a capacity of 30,000 barrels a day at Hub, Balochistan with commercial production starting from July, 2004. The company manufactured a variety of petroleum products including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil.
ImageThree days after Pakistan's inclusion in the MSCI EM index, BR Research sat down with MD Pakistan Stock Exchange (PSX), Mr. Nadeem Naqvi. These days Mr. Naqvi is busy setting up an SME platform at the bourse, tag-teaming with the SECP to roll out capital market reforms, introducing derivatives and leverage products in the market, and most importantly, finding the right buyer for PSX's strategic stake sale.
ImageThe International Labour Organisation (ILO) brings together governments, employers and workers representatives of the 187 member states of the United Nations to set labour standards, formulate policies, and develop programmes that promote decent work for all women and men.