Business News

Karachi: VIS Credit Rating Company Limited (VIS) has assigned a preliminary rating of 'AA- (plim)' to the proposed Sukuk 2 issuance by Mughal Iron and Steel Industries Limited. The rating, indicating high credit quality, comes with a stable outlook, e...

Lahore: Fauji Cement Company Ltd. (FCCL) has reported a significant increase in its financial performance for the second quarter of the fiscal year 2025, with earnings rising by 51% year-over-year. The company's earnings reached PkR4.0 billion, equiva...

Karachi: Pakistan Stock Exchange (PSX) and Baku Stock Exchange (BSE) have signed a Memorandum of Understanding (MOU) to enhance bilateral cooperation between the capital markets of Pakistan and Azerbaijan. The agreement, finalized in an online ceremon...

Karachi: Hub Power Company Ltd (HUBC) and Nishat Power Limited (NPL) have released their earnings previews for the second quarter of fiscal year 2025, revealing contrasting financial performances. HUBC reported a decrease in net profits, while NPL saw...

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the entity ratings of Jinn Petroleum (Pvt.) Limited, marking a significant development for the emerging oil marketing company. The long-term rating has been improved from BBB to B...

Karachi: Lucky Cement Company Limited (LUCK) has announced significant earnings growth for the second quarter of the fiscal year 2025, driven by increased cement dispatches and strategic cost efficiency measures. The company's earnings per share (EPS)...

KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) introduced a pioneering lifetime guaranteed pension plan named the "Lifetime Kafalat Plan", marking a significant milestone in Pakistan's financial services sector. The launch event, held in Karachi, w...