Business

Karachi: VIS Credit Rating Company Limited (VIS) has announced the maturity of the rating for the Short Term Sukuk-1 (STS-1) issued by Al-Karam Textile Mills (Private) Limited. The sukuk, valued at PKR 4.0 billion, has reached its maturity following i...

Karachi: VIS Credit Rating Company Limited has assigned an 'A1' short-term rating to the Short Term Sukuk issued by Al Karam Textile Mills (Private) Limited. The rating indicates a strong likelihood of timely repayment of the company's short-term obli...

Islamabad: At a prominent economic forum titled "Navigating the Unknown," Yousaf Hussain, President of the Overseas Investors Chamber of Commerce and Industry (OICCI), called on the government and national stakeholders to adopt a unified economic stra...

Karachi: Pakistan's leading oil marketing companies, Pakistan State Oil (PSO) and Attock Petroleum Limited (APL), are expected to report a combined net profit after tax (NPAT) decline of 17% year-on-year and 28% quarter-on-quarter for the third quarte...

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Fatima Sugar Mills Limited at 'A-/A2'. These ratings suggest that the company maintains good credit quality, with adequate protection factors. The medium to long-term rati...

Karachi: The State Bank of Pakistan has announced the latest weighted average customer exchange rates for major foreign currencies. The rates are provided for both buying and selling, reflecting the bank's commitment to transparency in currency transa...

Karachi: The Exchange Companies Association of Pakistan has reported steady currency exchange rates, reflecting a period of stability in the foreign exchange market. According to the latest data, the interbank rate remains within a narrow margin, with...