KARACHI: VIS Credit Rating Company Ltd has upgraded the entity ratings of Meezan Bank Ltd to ‘AAA/A-1+’ from ‘AA+/A-1+’. The outlook on the assigned ratings is stable, said a press release.

The medium- to long-term rating of ‘AAA’ denotes highest credit quality, with negligible risk factors, being only slightly more than for risk-free debt of Government of Pakistan (GoP).

The short-term rating of ‘A-1+’ denotes highest certainty of timely payment, liquidity factors are outstanding and safety is just below risk-free short-term obligations of GoP.

Finnish Fund to invest in TPL Insurance

TPL Insurance Ltd, a subsidiary of TPL Corp Ltd, on Thursday announced that Finnish Fund for Industrial Cooperation Ltd Finnfund, a major development financier and impact investor, has entered into a letter of intent with it.

According to a press release upon completion of successful legal and financial due diligence and obtaining all regulatory approvals, Finnfund will look to invest in TPL Insurance.

Published in Dawn, July 2nd, 2021

Opinion

Wheat import and food security
22 Oct 2021

Wheat import and food security

Wheat is the only commodity which justifies government intervention as the poor strata cannot be left at the mercy of the market
Living with Covid
Updated 22 Oct 2021

Living with Covid

Mental health professionals have been warning that Covid has brought with it a depression crisis.
Cricket aggression
Updated 22 Oct 2021

Cricket aggression

Good thinking, good plans and good execution will create a quality institution that can produce great teams.
Markets and disinformation
Updated 21 Oct 2021

Markets and disinformation

Journalists should be allowed to work freely as Pakistan's weak investor sentiment can't bear burden of an avalanche of fake news.

Editorial

Spate of attacks
Updated 22 Oct 2021

Spate of attacks

Following a near-constant decline since 2016, the year 2021 has witnessed a precipitous rise in violence-related fatalities in KP.
22 Oct 2021

Libel suits

THE outcome of two libel cases recently decided by courts in England should be edifying for the government — if it...
22 Oct 2021

Education losses

A NEW report on the education losses suffered by Pakistani children due to pandemic-induced school closures sheds...
Not just cricket
Updated 21 Oct 2021

Not just cricket

Hype surrounding the match — sold out as soon as tickets sales opened — has overshadowed the other games, as well as other teams.
Local governance
21 Oct 2021

Local governance

The court ruling restoring local institutions in Punjab should go a long way in ensuring the continuation of grassroots democracy.
21 Oct 2021

Breast cancer awareness

LIKE so many other issues relating to women’s health in Pakistan, breast cancer is not a subject of serious...