Karachi: VIS Credit Rating Company Limited (VIS) has assigned a preliminary rating of ‘AA- (plim)’ to the proposed Sukuk 2 issuance by Mughal Iron and Steel Industries Limited. The rating, indicating high credit quality, comes with a stable outlook, e…

Lahore: Fauji Cement Company Ltd. (FCCL) has reported a significant increase in its financial performance for the second quarter of the fiscal year 2025, with earnings rising by 51% year-over-year. The company’s earnings reached PkR4.0 billion, equiva…

Karachi: Pakistan Stock Exchange (PSX) and Baku Stock Exchange (BSE) have signed a Memorandum of Understanding (MOU) to enhance bilateral cooperation between the capital markets of Pakistan and Azerbaijan. The agreement, finalized in an online ceremon…

Karachi: Hub Power Company Ltd (HUBC) and Nishat Power Limited (NPL) have released their earnings previews for the second quarter of fiscal year 2025, revealing contrasting financial performances. HUBC reported a decrease in net profits, while NPL saw…

Karachi: The Prime Minister’s upcoming visit to Baku, Azerbaijan, is anticipated to enhance the relationship between the two nations, both members of the Organization of Islamic Cooperation and the Economic Cooperation Organization.

According to a …

Karachi: VIS Credit Rating Company Limited (VIS) has announced an upgrade in the entity ratings of Kausar Ghee Mills (Pvt.) Limited, elevating its status from A-/A2 to ‘A/A1’. This reflects a strong financial standing with the medium to long-term rati…

Karachi: MCB Bank, during its recent Corporate Briefing Session, announced its strategy to focus on increasing current account deposits in response to a significant 1,000 basis points decline in interest rates. The bank is also reallocating its invest…

Karachi: Mari Energies Ltd (MARI), the operator of the Waziristan Block, has announced the discovery of hydrocarbons in the Spinwam-1 exploratory well. The well, located in the Waziristan Block, has demonstrated a flow rate of 12.96 million cubic feet…

KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) introduced a pioneering lifetime guaranteed pension plan named the “Lifetime Kafalat Plan”, marking a significant milestone in Pakistan’s financial services sector. The launch event, held in Karachi, w…