Business News

KARACHI: Rafiq Suleman has been named the Convener of the Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) Central Standing Committee on "Rice Production & Export Promotion" for the 2024-2025 term. The appointment, announced by P...

The post Rafiq Suleman Appointed as Convener of FPCCI Rice Committee appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Lucky Renewables (Private) Limited at 'A/A2', indicating a good credit quality with adequate protection factors. The outlook for the ratings remains stable, reflecting con...

The post Lucky Renewables’ Ratings Reaffirmed by VIS Amid Stable Outlook appeared first on Pakistan Business News.

Karachi: Oil marketing companies (OMCs) in Pakistan reported a slight increase in volumes for December 2024, with sales reaching 1.28 million tons, marking a 3% year-on-year growth. The cumulative volume for the first half of the fiscal year 2025 was ...

The post Pakistan’s OMCs See Volume Increase Despite Winter Slowdown appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the Fund Stability Rating for Askari Sovereign Yield Enhancer (ASYE) at 'AA-(f)', reflecting a high degree of stability in the Fund's Net Asset Value.

According to VIS Credit Rating Co...

The post VIS Reaffirms ‘AA-‘ Fund Stability Rating for Askari Sovereign Yield Enhancer appeared first on Pakistan Business News.

Karachi: The Consumer Price Index (CPI) for December 2024 has shown a decrease, registering at 4.1%, primarily attributed to a favorable base effect from last year's high inflation levels. The average CPI for the first half of fiscal year 2025 stands ...

The post December CPI Decreases to 4.1% Due to Base Effect appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the Fund Stability Rating of the Askari Cash Fund at 'AA+(f)', indicating a high degree of stability in the fund's net asset value. The fund, managed by Pak Oman Asset Management Company Limite...

The post VIS Reaffirms ‘AA+’ Rating for Askari Cash Fund appeared first on Pakistan Business News.

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the credit rating of Askari Bank Limited’s Tier I debt instrument at AA-, with a stable outlook. This decision underscores the bank's robust ownership structure and strategic aff...

The post Askari Bank’s Rating Maintained by PACRA Amidst Strategic Expansion appeared first on Pakistan Business News.