General Business News

Lahore: Mughal Iron & Steel Industries Limited, a significant entity in the steel sector, has been assigned initial ratings for its debt instruments by PACRA. The long-term rating stands at A+, while the short-term rating is A1, with a stable outl...

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Karachi: PACRA has announced that it will maintain the A+ long-term and A1 short-term entity ratings for Sapphire Fibres Limited (SFL), citing the company's stable outlook. The decision highlights the company's robust standing within the Sapphire Grou...

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Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its rating of HBL Microfinance Bank Limited's (HBL MfB) Tier 2 Capital Term Finance Certificate (TFC) at 'A' with a stable outlook. This decision sustains the evaluation from ea...

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Spain: The International Union for Conservation of Nature (IUCN), in collaboration with Huawei Spain, the Center for Mediterranean Cooperation (IUCN Med), and the Sierra Nevada Natural Area, have announced the renewal of the Sierra Nevada National Par...

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Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Primus Leasing Limited ('PLL' or the 'NBFC') at 'A+/A1' (Single A Plus/A One). The long-term rating of 'A+' indicates good credit quality with adequate protection fa...

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Karachi: VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings to Ranipur Sugar Mills Limited (RSML or the Company) of 'A-/A2' (Single A minus/A Two). A medium to long-term rating of 'A-' indicates good credit quality, with adequ...

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Switzerland: Tetra Laval, the conglomerate comprising Tetra Pak, Sidel, and DeLaval, has announced its commitment to aid those impacted by the recent floods in Spain's Valencia region. In a display of solidarity, the group has expressed its sympathy f...

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