ECAI status of VIS, PACRA renewed
By Our Correspondent
June 16, 2022
KARACHI: State Bank of Pakistan has renewed status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “Pakistan Credit Rating Agency Limited (PACRA)” as eligible/recognised External Credit Assessment Institutions (ECAIs) for calendar year 2022, a statement said on Wednesday.
Banks and development finance institutions using standardised approach of Basel framework are allowed to use credit ratings assigned by VIS and PACRA for capital adequacy ratio (CAR) calculation purposes.
-
Google Warns Of State-sponsored Cyberattacks Targeting Defense Sector Employees -
Ransom Deadline Passes: FBI Confirms ‘communication Blackout’ In Nancy Guthrie Abduction -
Jeff Bezos Hints At Blue Origin Moon Plans As Elon Musk Responds With Cautious Praise -
Zach Bryan Slams Turning Point USA Alternative Halftime Show: 'Embarrassing As Hell' -
South Korea Blames Coupang Data Breach On 'management Failures,' Not Cyber Attack -
‘Disgraced’ Andrew More Concerned About ‘issue Of His Legacy’ Than Epstein Links -
Instagram Plans New Snapchat-style App ‘Instants’ Amid Rising AR Competition -
Safer Internet Day 2026: Is Social Media Ban The Only Way To Protect Kids? -
Piers Morgan Finally Breaks Silence On Kidnapping Of Savannah Guthrie's Mother Nancy -
Lenore Taylor Resigns As Guardian Australia Editor After Decade-long Tenure -
'Mortified' Princess Eugenie, Beatrice Plan Interview To Finally Speak Truth In Sarah Ferguson, Andrew-Epstein Scandal -
Lewis Hamilton Spent Years Trying To Catch Kim Kardashian's Attention? -
Royal Strategy Revealed As King Charles, Prince William Issue Statements On Andrew Row -
Inside Will Smith's Struggle To Revive His Career After Infamous Oscar Incident -
What’s Coming Out Of Meghan Markle’s War Against Prince William? Inside People’s Unease -
Australia Seeks Urgent Meeting With Roblox Over 'Disturbing' Content Complaints