General Business News

Karachi: VIS Credit Rating Company Limited (VIS) has confirmed the maturity of K-Electric Limited's (KE) Short Term Sukuk (STS-26), valued at PKR 5 billion. The issuance of the sukuk took place on June 5, 2024, and it reached maturity on December 5, 2...

The post K-Electric’s Short Term Sukuk Maturity Confirmed appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Bhanero Textile Mills Limited at 'A+/A1'. The ratings reflect strong credit quality and liquidity, with a stable outlook, amid economic pressures and industry challenges. ...

The post Bhanero Textile Mills’ Ratings Reaffirmed Amid Economic Challenges appeared first on Pakistan Business News.

Karachi: The banking sector in Pakistan is bracing for a challenging fourth quarter, with anticipated declines in profitability driven by shrinking net interest margins and increased taxation costs. Despite these hurdles, dividend payouts are expected...

The post Pakistan Banks’ Profits Expected to Decline Amid Higher Taxes and Shrinking Margins appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has concluded the rating process for K-Electric Limited's (KEL) Short Term Sukuk (STS-25), which was valued at PKR 5.0 billion. The issuance and maturity of this financial instrument took place on May 2...

The post VIS Finalizes Rating for K-Electric’s PKR 5 Billion Sukuk appeared first on Pakistan Business News.

Karachi: Cherat Cement Company Ltd (CHCC) is expected to see a rise in earnings for the second quarter of the fiscal year 2025, while Lucky Cement Ltd (LUCK) is projected to experience a decline, according to recent forecasts.

According to a stateme...

The post Cherat and Lucky Cement Earnings Predictions Highlight Mixed Outcomes appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan (SBP) has cut its policy rate by 100 basis points to 12%, signaling a cautious approach to monetary policy aimed at fostering sustainable economic growth. This decision comes alongside a revision of the inflation fo...

The post Pakistan to See Potential Drop in Interest Rates as Inflation Forecast Improves appeared first on Pakistan Business News.

Karachi: Vivo is set to launch its latest smartphone, the X200 Pro, in Pakistan, promising to bring revolutionary advancements to mobile photography. The device, a new member of Vivo's X Series, boasts a 200MP ZEISS APO Telephoto Camera and features d...

The post Vivo to Unveil X200 Pro in Pakistan: A Leap in Mobile Photography Technology appeared first on Pakistan Business News.