Business News

Karachi, VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of 'A-/A-2' (Single A Minus/A-Two) to Ittefaq Agro Industries (Pvt.) Limited (IAIPL),

According to VIS Credit Rating Company Limited, The medium to long-term rating...

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Karachi, VIS Credit Rating Company Limited (VIS) has announced the withdrawal of the entity ratings assigned to Chiniot Textile Mills Limited (CTML) with immediate effect due to the non-renewal of the rating contract. The previous rating action was di...

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Karachi, Luck Cement Ltd. (LUCK) conducted its corporate briefing to provide investors with an overview of its financial performance for the first nine months of fiscal year 2024 (9MFY24) and offered insights into the company's future outlook.

Accor...

The post Luck Cement Ltd. Analyst Briefing Reveals 9MFY24 Performance Insights appeared first on Pakistan Business News.

Karachi, The State Bank of Pakistan (SBP) has decided to maintain its policy rate at 22%, as revealed in its recent monetary policy statement. This decision comes amid a backdrop of declining inflation and ongoing economic stabilization measures.

Ac...

The post State Bank of Pakistan Holds Policy Rate at 22% Amid Economic and Fiscal Stabilization Efforts appeared first on Pakistan Business News.

Karachi, Indus Motor Company Limited (INDU) has announced a notable rise in profitability for the third quarter of fiscal year 2024, posting a profit after tax (PAT) of PKR 4.4 billion, a significant increase from PKR 1.7 billion in the previous quart...

The post Indus Motor Company Records Significant Profit Increase in Third Quarter FY24 appeared first on Pakistan Business News.

Karachi, Muhammad Hussain Qureshi has been named Deputy Convenor of the Sindh Regional Standing Committee for Small Traders of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). His appointment has received widespread support from bu...

The post Muhammad Hussain Qureshi Appointed Deputy Convenor of FPCCI’s Sindh Regional Committee appeared first on Pakistan Business News.

Karachi, Amid a severe economic downturn in Pakistan, the United Business Group (UBG) has advocated for a unified approach to foster economic resilience and prosperity. This call for action came during a pressing time as leaders from the group highligh...

The post United Business Group Calls for Collaborative Effort to Overcome Pakistan’s Economic Crisis appeared first on Pakistan Business News.