General 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...

The post VIS Reaffirms ‘AA-‘ Fund Stability Rating for Askari Sovereign Yield Enhancer appeared first on Pakistan Business News.

Karachi: The Consumer Price Index (CPI) for December 2024 has shown a decrease, registering at 4.1%, primarily attributed to a favorable base effect from last year's high inflation levels. The average CPI for the first half of fiscal year 2025 stands ...

The post December CPI Decreases to 4.1% Due to Base Effect appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the Fund Stability Rating of the Askari Cash Fund at 'AA+(f)', indicating a high degree of stability in the fund's net asset value. The fund, managed by Pak Oman Asset Management Company Limite...

The post VIS Reaffirms ‘AA+’ Rating for Askari Cash Fund appeared first on Pakistan Business News.

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the credit rating of Askari Bank Limited’s Tier I debt instrument at AA-, with a stable outlook. This decision underscores the bank's robust ownership structure and strategic aff...

The post Askari Bank’s Rating Maintained by PACRA Amidst Strategic Expansion appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Ltd. has withdrawn the entity ratings for Intermarket Securities Limited, which were previously rated A- and placed under 'Rating Watch - Developing'. This action comes as a result of the company's merger with EFG He...

The post VIS Withdraws Ratings Following Intermarket Securities Merger appeared first on Pakistan Business News.

Karachi: Sindh Microfinance Bank Limited has received an upgrade in its credit ratings, reflecting a robust financial position and consistent profitability. The Pakistan Credit Rating Agency Limited (PACRA) announced the upgrade, which raises the bank...

The post Sindh Microfinance Bank Limited Receives Credit Rating Upgrade appeared first on Pakistan Business News.