GLOBAL ECONOMY
The global economy is emerging from a period of strong growth, the likes of which has not been seen since the 1950s and 1960s. That was back in another century, and seemingly in another world, as well.

FOCIN FOCUS 
Fund Managers
Managed investment opportunities
In the last three years, a campaign was started by many commercial/investment banks and various other investment institutions offering good returns to small and big investors. At the same time, the new mantra of Islamic bank/investment (riba free) also gained momentum creating a healthy investment environment in the country. In this connection, Mohsin S. Jaffri of The News discussed with Mir Muhammad Ali, Chief Executive Officer, UBL Fund Managers, the workings of funds, future prospects and benefits to small investors.


 

GLOBAL MARKETS Bahrain: impressive capital market growth
Global Investment House - Kuwait - Bahrain Economic and Strategic Outlook 'Bahrain Stock Market' After a poor performance in the year 2006 in which most GCC markets gave negative returns, the markets rebounded and came up with spectacular returns with Bahrain being no exception. The petro-dollar liquidity combined with strong macro economic growth was reflected in the performances in capital market in the region with all markets posting above 25% return for the year 2007.

Mybank Limited
Entity: Withdrawn
JCR-VIS withdraws BBB/A-2 Ratings of Mybank Limited
JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn the entity rating of BBB/A-2 (Triple B/A-Two) assigned to Mybank Limited, with immediate effect, on account of non-renewal of rating contract.

LCCI: functions, activities and coordination
The president of LCCI, Mr. Shahid Hassan Sheikh talks to Amna Nasir Jamal, on behalf of The News and answers questions about business growth, chambers' activities, members and their efforts in and above all Chamber's role in promoting business.
The Lahore Chamber of Commerce and Industry (LCCI), like any other business and industry chamber facilitates the functioning of its members' business and promote their activities from the LCCI platform. The chamber helps its members in getting through difficulties, and bureaucratic hurdles and tries to create a peaceful business environment for all its members.

RATING ROUNDUP
Publicly Notified Ratings by JCR-VIS Credit Rating Company LIMITED
ISSUE / ISSUER MEDIUM TO OUTLOOK SHORT
LONG TERM TERM
AlBaraka Islamic Bank BSC - Pakistan Branches A Stable A-1
Allied Bank Ltd. AA- Stable A-1+
Al Noor Sugar Mills Ltd BBB+ Stable A-2

 
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CURRENT 13,990.11
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