Business News

Karachi: Unity Foods Ltd. conducted its FY24 analyst briefing, unveiling key financial results and future strategies. The company reported a 17.6% decline in revenue to PkR83.0 billion, attributed to falling local edible oil prices. Unity Foods also f...

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Karachi: VIS Credit Rating Company Ltd. (VIS) has reaffirmed the entity ratings of Topline Securities Limited at 'A/A1' (Single A/A One), indicating a stable outlook for the stock brokerage firm. The long-term rating of 'A' suggests good credit qualit...

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KARACHI: Dr. Javed Shaikh, Acting Chairman of the Employees' Old-Age Benefits Institution (EOBI), announced the establishment of a weekly helpdesk at the SITE Association of Industry to address members' concerns related to EOBI. This initiative aims t...

The post EOBI to Establish Helpdesk at SITE Association Amidst Industry Challenges appeared first on Pakistan Business News.

Karachi: Pakistan National Shipping Corporation (PNSC) has announced plans to acquire new Aframax vessels to enhance its fleet capabilities and meet the country's maritime transportation needs. The move aims to replace the existing vessels, which are ...

The post PNSC Plans Acquisition of New Aframax Vessels for Enhanced Fleet Efficiency appeared first on Pakistan Business News.

Karachi: The currency exchange rates in Pakistan experienced slight changes over a two-day period, with minor fluctuations observed across various foreign currencies. The buying and selling rates for the US dollar, Euro, British pound, Japanese yen, U...

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Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings for Nishat Chunian Power Limited at 'A+/A2'.

According to VIS, the medium to long-term rating of 'A+' reflects good credit quality, with adequate protection factors, while...

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Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of DIC Pakistan Limited, reflecting the company's strong market position and financial stability. The ratings, which remain AA- for long-term and A1 for short...

The post DIC Pakistan’s Ratings Maintained by PACRA Amid Financial Growth and Increased Leverage appeared first on Pakistan Business News.