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.

Karachi: The Exchange Companies Association of Pakistan released the latest foreign exchange rates, indicating slight fluctuations in the values of major currencies against the Pakistani Rupee. The current exchange rates reveal minimal changes in the ...

The post Currency Exchange Rates in Pakistan Show Marginal Changes appeared first on Pakistan Business News.

Karachi: LOTCHEM, the sole producer of Purified Terephthalic Acid (PTA) in Pakistan, announced a significant rise in its revenue by 43% for the first nine months of the calendar year 2024, reaching PkR88.9 billion compared to PkR62.1 billion in the sa...

The post LOTCHEM Reports 43% Increase in Revenue Despite Earnings Decline appeared first on Pakistan Business News.

Karachi: Urea sales are predicted to see a recovery in November 2024, reaching an estimated 649,000 tons, marking a 6% year-over-year increase and hitting an eight-month high. This projection comes despite a cumulative decline in overall urea off-take...

The post Urea Sales Forecasted to Rebound in November 2024 with Notable Growth for Key Companies appeared first on Pakistan Business News.

Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) has announced reaching a significant milestone by surpassing PKR 50 billion in Assets Under Management (AUM) within its first two years of operations. This accomplishment places PQAMC among t...

The post Pak-Qatar Asset Management Company Surpasses PKR 50 Billion in Assets Under Management appeared first on Pakistan Business News.

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed its ratings for Ghulam Rasool & Company (Pvt.) Limited, maintaining both its long-term rating at A- and short-term rating at A2. The outlook has been upgraded from stable to po...

The post PACRA Maintains Positive Outlook on Ghulam Rasool & Company Amid Financial Growth appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the REIT Management Company Management Quality Rating of Shields REIT Management Company Limited at 'AM4+ (RMC)'. This rating indicates that the asset manager exhibits adequate management chara...

The post VIS Reaffirms Management Quality Rating for Shields REIT Management Company Limited appeared first on Pakistan Business News.