KARACHI: JCR-VIS Credit Rating Company Limited has upgraded the Insurer Financial Strength (IFS) rating of the Pakistan General Insurance Company Limited (PGICL) from ‘BB+’ (Double B Plus) to ‘BBB’ (Triple B). Outlook on the rating is ‘stable’, says a press release.

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JCR-VIS Credit Rating Company Limited has assigned a Management Quality Rating of ‘AM3-‘ ( AM Three Minus) to Noman Abid Investment Management Limited (NAIML), says a press release.

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KARACHI: Mayer & Cie, the manufactures of circular knitting machines, concluded a number of deals at the Shanghai trade fair, ITMA Asia, says a press release.

Despite fears of a poor turnout the Mayer & Cie’s stand at the fair was scene of a lively activity with a number of visitors taking keen interest in the modern knitting machine

The OVJA 2.4 proved to be a particular attraction at the fair. This electronic jacquard circular knitting machine was exhibited with 92 feeders and a 30” diameter. A number of on-the-spot purchase deals were finalised during the show.