Business News

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Bhanero Textile Mills Limited at 'A+/A1'. The ratings reflect strong credit quality and liquidity, with a stable outlook, amid economic pressures and industry challenges. ...

The post Bhanero Textile Mills’ Ratings Reaffirmed Amid Economic Challenges appeared first on Pakistan Business News.

Karachi: The banking sector in Pakistan is bracing for a challenging fourth quarter, with anticipated declines in profitability driven by shrinking net interest margins and increased taxation costs. Despite these hurdles, dividend payouts are expected...

The post Pakistan Banks’ Profits Expected to Decline Amid Higher Taxes and Shrinking Margins appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has concluded the rating process for K-Electric Limited's (KEL) Short Term Sukuk (STS-25), which was valued at PKR 5.0 billion. The issuance and maturity of this financial instrument took place on May 2...

The post VIS Finalizes Rating for K-Electric’s PKR 5 Billion Sukuk appeared first on Pakistan Business News.

Islamabad: The Board of Directors of Bank Alfalah Limited has approved the financial results for the year ended December 31, 2024, showcasing a robust performance in challenging conditions. The bank reported a profit after tax of PKR 38.318 billion, w...

The post Bank Alfalah Reports Strong Financial Performance for 2024 appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan (SBP) has cut its policy rate by 100 basis points to 12%, signaling a cautious approach to monetary policy aimed at fostering sustainable economic growth. This decision comes alongside a revision of the inflation fo...

The post Pakistan to See Potential Drop in Interest Rates as Inflation Forecast Improves appeared first on Pakistan Business News.

Karachi: Vivo is set to launch its latest smartphone, the X200 Pro, in Pakistan, promising to bring revolutionary advancements to mobile photography. The device, a new member of Vivo's X Series, boasts a 200MP ZEISS APO Telephoto Camera and features d...

The post Vivo to Unveil X200 Pro in Pakistan: A Leap in Mobile Photography Technology appeared first on Pakistan Business News.

Karachi: A two-day Sustainable Tourism Forum, organized by the Islamic Chamber of Commerce and Industry, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and the Pakistan Tourism Development Corporation, is scheduled for January 3...

The post Sustainable Tourism Forum Set to Elevate Pakistan’s Tourism Prospects appeared first on Pakistan Business News.