General Business News

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VIS Reaffirms Strong Entity Ratings for Lucky Cement Limited.

Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Lucky Cement Limited ("LCL", "LUCK" or "the Company") at 'AA+/A1+' (Double A plus/A One plus). Medium to long-term rating of 'AA+' indicates high credit quality; Pro...

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VIS Upgrades BMA Capital Management’s Broker Fiduciary Rating to ‘BFR2’.

Karachi: VIS Credit Rating Company Ltd. (VIS) has announced the upgrade of the Broker Fiduciary Rating for BMA Capital Management Limited from 'BFR3++' to 'BFR2'. The outlook on this rating has been classified as stable. The BFR2 rating reflects the c...

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Currency Exchange Rates Show Slight Fluctuations Across Major Currencies.

KARACHI: The latest currency exchange rates reveal minor fluctuations in the buying and selling prices of major currencies including the US Dollar, Euro, British Pound, Japanese Yen, UAE Dirham, and Saudi Riyal.

According to Exchange Companies Assoc...

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VIS Maintains Entity Ratings of Kohinoor Mills Limited with Stable Outlook.

Karachi: VIS Credit Rating Company Limited ('VIS') has maintained the entity ratings of Kohinoor Mills Limited ('KML' or 'the Company') at 'BBB+/A2' (Triple B Plus/A Two). The medium to long-term rating of 'BBB+' indicates adequate credit quality, wit...

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Image Pakistan Ltd Reports 47% Increase in FY24 Revenue and Outlines Expansion Plans.

Karachi: Image Pakistan Ltd (IMAGE) held its analyst briefing today to inform investors about the company's financial results for the fiscal year 2024 and to discuss its future outlook.

According to AKD Securities Limited, IMAGE reported a topline ...

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Dawlance Launches Prima Line and D’Solar Line at Dealers Convention 2024, Focusing on Innovation and Energy Efficiency.

Karachi: At the Dealers Convention 2024, Dawlance, Pakistan's leading home appliance manufacturer, proudly launched two groundbreaking product lines, the Dawlance Prima Line and D'Solar Line. These new offerings are designed to meet the unique needs o...

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Attock Petroleum Ltd Reports Record Earnings Amid Industry Challenges.

Karachi: Attock Petroleum Ltd (APL) held its analyst briefing today, revealing its financial performance for FY24 and discussing future strategies. The company reported a record Net Profit After Tax (NPAT) of PKR 13.8 billion, translating to an Earnin...

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