General Business News

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VIS Assigns Initial Entity Ratings to Ranipur Sugar Mills Limited.

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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Tetra Laval Pledges €350,000 to Support Flood Relief Efforts in Valencia, Spain.

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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Atif Ikram Sheikh Elected Vice President of 27-Country Trade Alliance.

Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has been elected as the Vice President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) for the 2024-2026 ...

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KATI Urges Permanent Implementation of Winter Relief Package for Industries.

KARACHI: Korangi Association of Trade and Industry (KATI) President Junaid Naqi has lauded the Prime Minister's announcement of a winter relief package for industries, urging that it be made a permanent initiative and that PKR 33 billion in pending in...

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Exchange Rates Fluctuate as GBP and EURO Show Decline.

Karachi: The exchange rates for several major currencies saw fluctuations on November 12, 2024, with notable changes observed in the buying and selling rates of the British Pound (GBP) and the Euro (EURO). The data released indicates a decrease in the...

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Standard Chartered Bank Pakistan Develops Tailored IATA EASY PAY Solution for Local Market.

Karachi: Standard Chartered Bank (SCB) Pakistan recently introduced a customized IATA EASY PAY solution specifically designed for the Pakistani market. This initiative aims to enhance the BSP ticketing and payment processes for IATA Agents across the ...

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Pak-Qatar Asset Management Company Declares PKR 1.9730 Per Unit Dividend for Monthly Income Plan.

Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) is a renowned Islamic Asset Management Company in Pakistan, part of the Pak-Qatar Group, which is the country's pioneer in Islamic financial services. PQAMC has announced a monthly dividend f...

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