General Business News

Karachi: VIS Credit Rating Company Limited (VIS) has affirmed the Fund Stability Rating of HBL Mehfooz Munafa Fund Plan-I, also known as HBL-MMFP-I. This announcement follows the previous rating action taken on March 3, 2025. The stability rating re...

Karachi: VIS Credit Rating Company Ltd. (VIS) has maintained the Broker Management Rating of Mohammad Munir Muhammad Ahmed Khanani Securities Limited (MMMAKSL) at 'BMR2', while revising the outlook from 'Stable' to 'Negative'. This rating action follo...

Karachi: Hub Power Company Ltd (HUBC) reported a significant decline in its earnings for the third quarter of fiscal year 2025, owing primarily to setbacks in its power purchase agreements. The company's net profit after tax (NPAT) stood at PkR11.0 bi...

Islamabad: Allied Bank has been recognized by UnionPay International (UPI) with an award for the highest co-badged debit card issuance. This accolade highlights the bank's significant role in advancing digital payment solutions within Pakistan. The...

Lahore: Interloop Ltd. (ILP) has released its financial results for the third quarter of fiscal year 2025, highlighting a significant drop in profitability. The company reported earnings of PkR1.3 billion, or PkR0.95 per share, marking a 68% decrease ...

Karachi: JS Bank has reported a profit before tax of PKR 2.74 billion for the first quarter ending March 31, 2025. The bank's profit after tax was PKR 1.29 billion, with earnings per share recorded at PKR 0.63, a decrease from PKR 0.84 in the same per...

Karachi: VIS Credit Rating Company Limited has assigned initial entity ratings to Burj Clean Energy Modaraba (BCEM) of 'A/A1', indicating good credit quality and a strong likelihood of timely short-term obligation repayments. The outlook for these rat...