General Business News

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VIS Reaffirms Credit Ratings for Faizan Steel Amid Industry Challenges

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...

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VIS Reaffirms Ratings for Asher Imran Spinning Mills Amid Sector Challenges

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...

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JazzCash Introduces Buy Now, Pay Later for Fashion and Tech Enthusiasts

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...

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Dolmen City REIT Adopts New Rental Model Amid Occupancy Success

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...

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PACRA Maintains A+ Rating for Soneri Bank Limited’s Tier 2 Capital TFC

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...

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Pakistan Grapples with Escalating Environmental Crisis Amid Rising Pollution and Waste Problems

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 ...

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Pacra Maintains Ratings for Soneri Bank Limited’s Tier 1 TFC

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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