Business News

Karachi: Barkat Frisian Agro is set to initiate its initial public offering (IPO) with a book building phase starting on February 17, targeting high net worth individuals and institutional investors. The phase will last until February 18, allowing the...

The post Barkat Frisian Agro to Launch IPO with Book Building Phase appeared first on Pakistan Business News.

Karachi: Standard Chartered Bank Pakistan and the International Finance Corporation (IFC) are planning to expand their Risk-Participation Facility to $400 million from the current $200 million, aiming to enhance access to trade finance for local busin...

The post Standard Chartered and IFC Expand Trade Finance Program to $400 Million appeared first on Pakistan Business News.

Karachi: Ismail Industries Limited has been assigned preliminary ratings by PACRA, reflecting its strategic growth and financial performance. The company, known for its brands including Candyland and Bisconni, has a stable outlook with long-term and s...

The post PACRA Assigns Preliminary Ratings to Ismail Industries Amid Expansion Plans appeared first on Pakistan Business News.

Karachi: Meezan Bank Ltd (MEBL) released its fourth quarter results for the calendar year 2024, reporting an unconsolidated net profit after tax of PKR 24.0 billion, or PKR 13.4 per share. This marks a decline of 9% year-over-year and 7% quarter-over-...

The post Meezan Bank Reports Strong Results Amid Cost Controls and Securities Gains appeared first on Pakistan Business News.

Multan: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Ahmed Fine Textile Mills Limited (AFTML) at 'A' for the long term and 'A1' for the short term, with a stable outlook. This rating affirmation underscores AF...

The post PACRA Affirms Ahmed Fine Textile Mills’ Ratings Amid Strategic Expansion appeared first on Pakistan Business News.

Karachi: Pakistan State Oil (PSO) delivered a stable performance for the first half of the fiscal year 2025, announcing a net profit of PKR 11.2 billion alongside gross sales totaling PKR 1.74 trillion.

According to a statement by Pakistan State Oi...

The post PSO Reports PKR 11.2 Billion Profit in 1HFY25 appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has finalized a short-term rating of 'A1' for the Short-Term Sukuk (STS) issuance of Rs. 1,500 million by Citi Pharma Limited. The rating suggests a strong likelihood of timely repayment of short-term obligat...

The post Citi Pharma Limited’s Short-Term Sukuk Receives ‘A1’ Rating appeared first on Pakistan Business News.