Lahore, March 15, 2023 (PPI-OT): Ever since the pandemic of Covid-19, the hotel sector has been under pressure. The relief provided by the regulator furnished much-needed respite to the players. While occupancy level became a challenge, the cost of doing business witnessed a constant rise. The aforementioned financial relief helped the company in avoiding immediate...

The post PACRA Revises Entity Ratings of Pakistan Services Limited – Negative Outlook – RW appeared first on Business News Pakistan.

Karachi, March 15, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of ‘A-/A-2’ (Single A Minus/A-Two) to Magna Processing Industries (Pvt.) Limited (MPIL). The medium to long-term rating of ‘A-’ denotes good credit quality; protection factors are adequate. Risk factors may vary with possible changes in the economy. The short-term...

The post VIS Assigns Initial Ratings to Magna Processing Industries (Private) Limited appeared first on Business News Pakistan.

Lahore, March 15, 2023 (PPI-OT): Fauji Cement Company Limited (FCCL) ratings upgrade are derived from its association with Fauji Foundation along with its improved market position, financial and operational performance, cost optimization measures and synergies attained from merger of Askari Cement Limited with and into FCCL in July 2021. The cement industry capacity utilization in...

The post PACRA Upgrades Entity Ratings of Fauji Cement Company Limited appeared first on Business News Pakistan.

Karachi, March 15, 2023 (PPI-OT): VIS Credit Rating Company Limited has reaffirmed the entity ratings of ‘A/A-2’ (Single A/A-2) assigned to Ghotki Kandhot Road and Bridge (Private) Limited (GKRBC). The long-term rating of ‘A’ signifies good credit quality; protection factors are adequate. Risk factors may vary with possible changes in the economy. The short-term rating...

The post Entity and Bank Loan Ratings of Ghotki Kandhkot Road and Bridge (Private) Limited appeared first on Business News Pakistan.

Islamabad, March 15, 2023 (PPI-OT): A three-day literary festival is being organized in Islamabad under the umbrella of Capital Development Authority. The literary festival will remain continue from March 17 to March 19 in Islamabad. The objective of the Literary...

Islamabad, March 15, 2023 (PPI-OT): At the UN, Pakistan has called for bridging the digital gender divide in a bid to achieve gender equality, and ensure the right to education of women and girls everywhere. Chairperson of the National Commission...

Islamabad, March 15, 2023 (PPI-OT): Pakistan says it does not need unsolicited advice from anyone on how to cope with the challenges it faces. This was stated by Foreign Office Spokesperson Mumtaz Zahra Baloch, while responding to a question regarding...