Karachi: Askari Bank Ltd (AKBL) reported a mixed set of financial results for the first nine months of the calendar year 2024, with a slight decrease in net profit after tax (NPAT) but significant growth in assets and equity. The bank also highlighted…

The post Askari Bank Reports Mixed Financial Results with Strategic Expansion appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has assigned a preliminary rating of ‘A1+ (plim)’ to Pakistan Telecommunication Company Limited’s (PTCL) proposed PKR 2.5 billion Short-Term Sukuk IX (STS-IX), indicating a strong likelihood of timely repayme…

The post VIS Assigns Top Rating to PTCL’s Short-Term Sukuk IX appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings for Faizan Steel at ‘BBB+/A2’, indicating adequate credit quality and a good likelihood of timely repayment of short-term obligations.

According to VIS Credit Rating Compa…

The post VIS Reaffirms Credit Ratings for Faizan Steel Amid Industry Challenges appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Asher Imran Spinning Mills (Pvt.) Limited at ‘A-/A2’. These ratings indicate good credit quality and a positive outlook for timely repayment of obligations, with the outlo…

The post VIS Reaffirms Ratings for Asher Imran Spinning Mills Amid Sector Challenges appeared first on Pakistan Business News.

Islamabad: JazzCash, a prominent fintech platform in Pakistan, has rolled out a Buy Now, Pay Later (BNPL) service, offering an alternative to traditional credit cards. Initially available for purchases from the electronics retailer Telemart and fashio…

The post JazzCash Introduces Buy Now, Pay Later for Fashion and Tech Enthusiasts appeared first on Pakistan Business News.

Karachi: Dolmen City REIT (DCR), Pakistan’s largest Real Estate Investment Trust, has transitioned to a new rental model, aiming to boost its financial performance despite facing a slight decline in net income. The company reported an increase in foot…

The post Dolmen City REIT Adopts New Rental Model Amid Occupancy Success appeared first on Pakistan Business News.

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced that it will maintain the long-term entity rating of A+ for Soneri Bank Limited’s Tier 2 Capital Term Finance Certificate (TFC) valued at PKR 4 billion. The outlook remains stable…

The post PACRA Maintains A+ Rating for Soneri Bank Limited’s Tier 2 Capital TFC appeared first on Pakistan Business News.

Islamabad: Pakistan is facing a severe environmental crisis, ranking among the top ten most vulnerable countries on the Climate Risk Index for the past two decades and currently listed as the fifth most vulnerable globally by the United Nations. This …

The post Pakistan Grapples with Escalating Environmental Crisis Amid Rising Pollution and Waste Problems appeared first on Pakistan Business News.

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced that it is maintaining the long-term entity ratings for Soneri Bank Limited’s Tier 1 Term Finance Certificates (TFC) at ‘A’. The outlook for these ratings remains stable.

Accord…

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