Breaking News

Business News

This category covers all news related Business News

PACRA Revises Entity Ratings of FINCA Microfinance Bank Limited

Lahore, March 01, 2023 (PPI-OT): FINCA is categorized among mid-tier microfinance banks. The Bank reflects a presence across the province with 130 branches and around 13 districts. The ratings incorporate the association of FINCA (“the Bank”) with a global microfinance organization – FINCA International. This affiliation supports FINCA Microfinance Bank …

Read More »

VIS Reaffirms Entity Ratings of Mustaqim Dyeing and Printing Industries (Private) Limited

Karachi, March 01, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Mustaqim Dyeing and Printing Industries (Pvt.) Ltd (MDPIPL) to ‘A-/A-2’ (Single A Minus/Single A-Two). Long-term entity rating of ‘A-’ reflects good credit quality, and adequate protection factors. Risk factors may vary with possible changes …

Read More »

Strong Performance with Pre-tax Profit of PKR 62.7 Billion, 18.7% up YoY – With 36.2% YoY Growth, Total Assets reach PKR 5.2 Trillion

Karachi, February 28, 2023 (PPI-OT):The Board of Directors of National Bank of Pakistan “NBP” “the Bank” met today to approve the annual financial statements for the year ended December 31, 2022. The Bank has delivered yet another year of strong financial results, and posted a pre-tax profit of PKR 62.7 …

Read More »

Amir Paracha elected President of OICCI – the largest business Chamber in Pakistan based on economic contribution

Karachi, February 28, 2023 (PPI-OT):Amir Paracha, Chairman and Chief Executive Officer, Unilever Pakistan Limited has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2023 term. This was announced at the 163rd Annual General Meeting of the OICCI held at the Chamber …

Read More »

VIS Suspends Entity Ratings of Sheikhoo Sugar Mills Limited

Karachi, February 28, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) has suspended the entity ratings assigned to Sheikhoo Sugar Mills Limited (SSML), with immediate effect, due to non-availability of required information for ratings analysis. The ratings will be reassessed as and when required information is available. The previous rating action …

Read More »