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.

Karachi: Gold prices in Pakistan have seen a notable increase, with the rate for one tola of 24-karat gold reaching Rs. 304,000, marking a rise of Rs. 2,500 from previous rates. The surge in domestic prices coincides with an uptick in the internationa...

The post Gold Prices Climb in Pakistan Amid International Market Surge appeared first on Pakistan Business News.

Karachi: Lucky Core Industries Limited (LCI) reported a significant 23% year-over-year growth in its standalone earnings for the first half of the fiscal year 2025, reaching PkR6.2 billion. This increase, primarily attributed to reduced finance costs ...

The post Lucky Core Industries Reports 23% Earnings Growth Amid Sector Variances appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has finalized the short-term rating of 'A1' for Aspin Pharma (Private) Limited's Short-Term Sukuk issue, amounting to Rs. 2,000 million. This rating indicates a strong likelihood of timely repayment of short-...

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

Karachi: The Patron-in-Chief of the SITE Association of Industry (SAI), Zubair Motiwala, alongside other prominent figures from the association, has expressed condolences on the death of AQ Khalil, a noted businessman and former President of the Karac...

The post SITE Industrialists Mourn Death of Prominent Business Leader appeared first on Pakistan Business News.

Karachi: VIS Credit Ratings Company Ltd. (VIS) has reaffirmed the entity ratings of Unity Foods Limited (UFL) at 'A/A2', indicating a good credit quality with adequate protection factors, albeit with a 'Negative' outlook due to potential economic fluc...

The post VIS Reaffirms Ratings for Unity Foods Amid Economic Challenges appeared first on Pakistan Business News.