Business News

Karachi: VIS Credit Rating Company Limited has maintained its entity ratings for Ittehad Chemicals Limited (ICL) at 'A-/A2', while revising the outlook from Stable to Positive. The updated ratings reflect the company's robust credit quality and sound ...

KARACHI: Saudia, the national flag carrier of Saudi Arabia, has unveiled a new premium amenity kit collection in partnership with the renowned lifestyle brand, ELIE SAAB. This collaboration introduces ELIE SAAB's elegance and sophistication to the ski...

Karachi: VIS Credit Rating Company Limited (VIS) has affirmed the Fund Stability Rating of HBL Mehfooz Munafa Fund Plan-I, also known as HBL-MMFP-I. This announcement follows the previous rating action taken on March 3, 2025. The stability rating re...

Karachi: VIS Credit Rating Company Ltd. (VIS) has maintained the Broker Management Rating of Mohammad Munir Muhammad Ahmed Khanani Securities Limited (MMMAKSL) at 'BMR2', while revising the outlook from 'Stable' to 'Negative'. This rating action follo...

Karachi: Hub Power Company Ltd (HUBC) reported a significant decline in its earnings for the third quarter of fiscal year 2025, owing primarily to setbacks in its power purchase agreements. The company's net profit after tax (NPAT) stood at PkR11.0 bi...

Islamabad: Allied Bank has been recognized by UnionPay International (UPI) with an award for the highest co-badged debit card issuance. This accolade highlights the bank's significant role in advancing digital payment solutions within Pakistan. The...

Lahore: Interloop Ltd. (ILP) has released its financial results for the third quarter of fiscal year 2025, highlighting a significant drop in profitability. The company reported earnings of PkR1.3 billion, or PkR0.95 per share, marking a 68% decrease ...