Karachi: Bank AL Habib Limited has successfully maintained its long-term AAA rating for its Tier II TFC VIII debt instrument, as affirmed by The Pakistan Credit Rating Agency Limited (PACRA). The bank’s steady performance is underpinned by its efforts…

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Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Matco Foods Limited at ‘BBB+/A2’, indicating adequate credit quality with reasonable protection factors and good certainty of timely payments. The outlook on the ratings r…

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Karachi: Exchange rates for major currencies experienced slight increases, The Exchange Companies Association of Pakistan reported changes in the buying and selling rates of several currencies.

According to Exchange Companies Association of Pakistan…

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Karachi: Allied Bank Limited has been recognized with two awards at the Global Diversity & Inclusion Benchmarks (GDIB) Awards organized by Diversity Hub HR Metrics. The bank’s achievements underscore its commitment to fostering inclusive work …

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Karachi: Saquib Fayyaz Magoon has been elected as the Chairman of the Businessman Panel Progressive (BMP Progressive), with Khurram Ijaz taking on the role of Secretary General. The election of these and other key office-bearers was finalized during a…

The post Saquib Fayyaz Magoon Elected as Chairman of BMP Progressive, Khurram Ijaz Named Secretary General appeared first on Pakistan Business News.

KARACHI: Rafiq Suleman has been named the Convener of the Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Central Standing Committee on “Rice Production & Export Promotion” for the 2024-2025 term. The appointment, announced by P…

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Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Lucky Renewables (Private) Limited at ‘A/A2’, indicating a good credit quality with adequate protection factors. The outlook for the ratings remains stable, reflecting con…

The post Lucky Renewables’ Ratings Reaffirmed by VIS Amid Stable Outlook appeared first on Pakistan Business News.

Karachi: Oil marketing companies (OMCs) in Pakistan reported a slight increase in volumes for December 2024, with sales reaching 1.28 million tons, marking a 3% year-on-year growth. The cumulative volume for the first half of the fiscal year 2025 was …

The post Pakistan’s OMCs See Volume Increase Despite Winter Slowdown appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the Fund Stability Rating for Askari Sovereign Yield Enhancer (ASYE) at ‘AA-(f)’, reflecting a high degree of stability in the Fund’s Net Asset Value.

According to VIS Credit Rating Co…

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