Business News

Karachi: VIS Credit Rating Company Limited (VIS) has announced the maturity of the rating for the Short Term Sukuk-1 (STS-1) issued by Al-Karam Textile Mills (Private) Limited. The sukuk, valued at PKR 4.0 billion, has reached its maturity following i...

Karachi: VIS Credit Rating Company Limited has assigned an 'A1' short-term rating to the Short Term Sukuk issued by Al Karam Textile Mills (Private) Limited. The rating indicates a strong likelihood of timely repayment of the company's short-term obli...

Islamabad: At a prominent economic forum titled "Navigating the Unknown," Yousaf Hussain, President of the Overseas Investors Chamber of Commerce and Industry (OICCI), called on the government and national stakeholders to adopt a unified economic stra...

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to abolish the current maximum retail price (MRP) and tax exemptions on tea imports, arguing that the existing policies are detrimental to the indus...

Karachi: The State Bank of Pakistan has made public the weighted average customer exchange rates for several major foreign currencies. The latest figures, dated April 15, 2025, show the buying and selling rates for ten currencies, reflecting the fluct...

Karachi: VIS Credit Rating Company Limited has maintained the entity ratings of Ahmed Oriental Textile Mills Limited at 'A-/A2', indicating good credit quality with adequate protection factors. The outlook on these ratings has been revised to "Stable"...

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Arshad Textile Mills Limited at 'BBB-/A2', indicating adequate credit quality and a good likelihood of timely short-term repayment. The stable outlook reflects the company...