Business News

Karachi: Currency exchange rates for the U.S. dollar, euro, British pound, Japanese yen, UAE dirham, and Saudi riyal experienced slight changes between December 28 and December 30.

According to Exchange Companies Association of Pakistan, reported th...

The post Currency Exchange Rates Show Minor Fluctuations Over Two-Day Period appeared first on Pakistan Business News.

Karachi: Inflation is expected to see a slight increase in December 2024, reaching 4.15% year-on-year, driven by higher prices in fruits, vegetables, and increased demand for clothing due to cooler temperatures across the nation. The transport index a...

The post Inflation to Rise to 4.15% in December 2024 Amidst Seasonal Demand and Fuel Price Revisions appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Hi-Tech Lubricants Limited at 'A-/A2', indicating good credit quality and sound short-term liquidity. The outlook on these ratings remains stable, demonstrating confidence...

The post VIS Reaffirms Ratings for Hi-Tech Lubricants Limited with Stable Outlook appeared first on Pakistan Business News.

Karachi: Askari Bank Ltd (AKBL) reported a mixed set of financial results for the first nine months of the calendar year 2024, with a slight decrease in net profit after tax (NPAT) but significant growth in assets and equity. The bank also highlighted...

The post Askari Bank Reports Mixed Financial Results with Strategic Expansion appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has assigned a preliminary rating of 'A1+ (plim)' to Pakistan Telecommunication Company Limited's (PTCL) proposed PKR 2.5 billion Short-Term Sukuk IX (STS-IX), indicating a strong likelihood of timely repayme...

The post VIS Assigns Top Rating to PTCL’s Short-Term Sukuk IX appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings for Faizan Steel at 'BBB+/A2', indicating adequate credit quality and a good likelihood of timely repayment of short-term obligations.

According to VIS Credit Rating Compa...

The post VIS Reaffirms Credit Ratings for Faizan Steel Amid Industry Challenges appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Asher Imran Spinning Mills (Pvt.) Limited at 'A-/A2'. These ratings indicate good credit quality and a positive outlook for timely repayment of obligations, with the outlo...

The post VIS Reaffirms Ratings for Asher Imran Spinning Mills Amid Sector Challenges appeared first on Pakistan Business News.