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VIS Reaffirms Ratings for Pakistan Cables Limited, Outlook Negative

Karachi: Pakistan Cables Limited (PCAL) has had its entity ratings reaffirmed at 'A/A1' (Single A/A One) by VIS Credit Rating Company Ltd. (VIS), maintaining the medium to long-term rating at 'A' and the short-term rating at 'A1'. The outlook remains ...

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Tajik Envoy Highlights Karachi’s Potential for Reviving Tourism and Trade

KARACHI: Ambassador of Tajikistan Sharifzoda Yusuf has emphasized the importance of restoring Karachi's former stature as a thriving and secure destination for foreign tourists. During a meeting at the Karachi Chamber of Commerce and Industry (KCCI), ...

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AGP Ltd Reinstated with Buy Rating Amid Positive Growth Outlook

Karachi: AGP Ltd has been reinstated with a buy rating and a target price of Rs220 per share, indicating a 48% potential upside from current levels. The optimism is fueled by AGP's strong growth trajectory, cost optimization strategies, and favorable ...

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Foreign Currency Exchange Rates Show Slight Fluctuations in Pakistan

Karachi: Foreign currency exchange rates in Pakistan experienced minor fluctuations over a 24-hour period, reflecting changes in the buying and selling values of several major currencies. The Exchange Companies Association of Pakistan reported these s...

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FrieslandCampina Engro Pakistan Partners with Reon Energy for 3.4 MW Solar Project

Karachi: FrieslandCampina Engro Pakistan Limited has announced a partnership with Reon Energy to implement a 3.4 MW solar power project at its manufacturing facility in Sahiwal. The initiative aims to generate 5,013.6 MWh of clean energy annually, red...

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Pakistan Banking Sector Rebounds with Record-High Income in Third Quarter

Karachi: Pakistan's banking sector has reported record-high core income and bottom-line figures for the third quarter of the calendar year 2024, marking a robust rebound following a brief slowdown in the first quarter. This resurgence comes after a pe...

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LCCI and UBL Host Seminar to Boost Financial Access for Women Entrepreneurs

Lahore: A seminar aimed at enhancing financial access for women entrepreneurs was organized by the Lahore Chamber of Commerce and Industry (LCCI) in collaboration with United Bank Limited. The event, part of Women Entrepreneurship Day celebrations, br...

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