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 announced an upgrade in the short-term entity rating of Sazgar Engineering Works Limited, elevating it from 'A/A2' to 'A/A1'. The upgrade signals a strong likelihood of timely repayment for short-term obl...

The post VIS Upgrades Sazgar Engineering Short-Term Rating to ‘A/A1’ appeared first on Pakistan Business News.

Karachi: The upcoming fourth-quarter financial results for Pakistan's banks are anticipated to show a year-over-year decrease in core income, primarily due to a contraction in net interest margins (NIMs) and increased taxation. This is expected to ove...

The post Banks’ Core Income Faces Decline in Fourth Quarter appeared first on Pakistan Business News.

Karachi: In a recent update, the State Bank of Pakistan has released the exchange rates for the mark to market revaluation by authorized dealers in foreign exchange. The announcement outlines the rates for several major currencies, including the U.S. ...

The post Currency Exchange Rates Announced for Mark to Market Revaluation appeared first on Pakistan Business News.

Karachi: The VIS Credit Rating Company Limited has reaffirmed the Development REIT rating of Globe Residency REIT (GRR) at 'RFR2 (dr)', indicating a high likelihood of successful project implementation despite various economic challenges. The outlook ...

The post VIS Reaffirms Globe Residency REIT Rating Amid Economic Challenges appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan released its latest figures on February 12, 2025, revealing the weighted average customer exchange rates for various currencies. The report indicates slight fluctuations in both buying and selling rates across diffe...

The post Exchange Rates Show Minor Variations Across Currencies appeared first on Pakistan Business News.