Daily Archives: November 15, 2019

PACRA Maintains Entity Ratings of Habibullah Coastal Power Company (Private) Limited

Lahore, November 15, 2019 (PPI-OT): Habibullah Power’s Gas Supply Agreement (GSA) with Sui Southern Gas Company Limited (SSGCL), expired in Sep 2019. The company applied for renewal of GSA in Mar 2018. Recently Economic Coordination Committee (ECC) has approved the …

PACRA Maintains Entity Ratings of Nishat Mills Limited

Lahore, November 15, 2019 (PPI-OT): The ratings reflect established position of Nishat Mills as the a premier export-oriented composite unit, with a sizable strategic portfolio and conservative capital structure. The Company enjoy’s prominence in textile sector due to wide array …

PACRA Maintains Entity Ratings of Sitara Petroleum Service (Private) Limited

Lahore, November 15, 2019 (PPI-OT): The ratings reflect the vigorous business profile of Sitara Petroleum Service (Private) Limited. Sponsors have been engaged in the business for over three decades and reflecting their industrial experience. Sitara Operates a network of ~30 …

PACRA Maintains Entity Ratings of Etimaad Engineering (Private) Limited

Lahore, November 15, 2019 (PPI-OT): The ratings demonstrate Etimaad’s strength which emanates from its sustained operational history. The business has optimal mix of contracts in its domain and has managed to complete reasonable number of contracts in Pakistan. The slowdown …

PACRA Maintains Entity Ratings of Flying Cement Company Limited

Lahore, November 15, 2019 (PPI-OT): Flying cement operates with one manufacturing unit, having capacity of 1.2mln tpa, in the North region. Lately, the Company had completed BMR which resulted in improving margins in initial quarters of FY19. Furthermore, Waste Heat …

IFC Supports Super Six Wind Projects to Spur Renewable Energy and Help Meet Power Needs

Islamabad, November 15, 2019 (PPI-OT): IFC, a member of the World Bank Group, has led the financing of a first-of-its-kind program to build six wind power projects in Pakistan, named the Super Six, with a total investment of US$450 million, …