General Business News

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VIS Reaffirms Ratings for Pakistan Cables Limited, Outlook Negative

Karachi: Pakistan Cables Limited (PCAL) has had its entity ratings reaffirmed at 'A/A1' (Single A/A One) by VIS Credit Rating Company Ltd. (VIS), maintaining the medium to long-term rating at 'A' and the short-term rating at 'A1'. The outlook remains ...

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Maple Leaf Cement Reports 7% Increase in Topline for FY24

Lahore: Maple Leaf Cement Factory Ltd. (MLCF) announced a 7% increase in its topline for FY24, reaching PkR66.4 billion, driven by improved retention prices. However, the company's utilization fell to 45% due to weaker demand and increased capacity,
...

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National Bank of Pakistan Signs Co-Badging Agreement with 1LINK and Mastercard

Karachi: National Bank of Pakistan (NBP) has become the first commercial bank in the country to enter into a co-badging agreement with 1LINK and Mastercard, marking a pivotal development in the advancement of digital payment solutions in Pakistan. Thi...

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Tajik Envoy Highlights Karachi’s Potential for Reviving Tourism and Trade

KARACHI: Ambassador of Tajikistan Sharifzoda Yusuf has emphasized the importance of restoring Karachi's former stature as a thriving and secure destination for foreign tourists. During a meeting at the Karachi Chamber of Commerce and Industry (KCCI), ...

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AGP Ltd Reinstated with Buy Rating Amid Positive Growth Outlook

Karachi: AGP Ltd has been reinstated with a buy rating and a target price of Rs220 per share, indicating a 48% potential upside from current levels. The optimism is fueled by AGP's strong growth trajectory, cost optimization strategies, and favorable ...

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Foreign Currency Exchange Rates Show Slight Fluctuations in Pakistan

Karachi: Foreign currency exchange rates in Pakistan experienced minor fluctuations over a 24-hour period, reflecting changes in the buying and selling values of several major currencies. The Exchange Companies Association of Pakistan reported these s...

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FrieslandCampina Engro Pakistan Partners with Reon Energy for 3.4 MW Solar Project

Karachi: FrieslandCampina Engro Pakistan Limited has announced a partnership with Reon Energy to implement a 3.4 MW solar power project at its manufacturing facility in Sahiwal. The initiative aims to generate 5,013.6 MWh of clean energy annually, red...

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