Karachi: Meezan Bank, Pakistan’s leading Islamic bank, has entered into a strategic alliance with CashNow, Pakistan’s pioneering supply chain finance platform, to revolutionize Shariah-compliant supply chain finance. A Memorandum of Understanding (MoU…

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Karachi: Lucky Cement Company Limited (LUCK) conducted its Corporate Briefing yesterday to discuss 1QFY25 results and outlook. On a standalone basis, the company reported an EPS of Rs22.4 for 1QFY25, up 1% YoY/down 31% QoQ. Meanwhile, on a consolidate…

The post Lucky Cement’s Strategic Cost Optimization and Renewable Ventures. appeared first on Pakistan Business News.

Lahore: The Punjab government has made a forward-thinking investment of PKR 4 billion to launch the Chief Minister’s “Free Solar Panel Project”, as reported by a source on November 11.

According to Zameen.Com, this substantial allocation aims to en…

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Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Shahtaj Textile Limited at ‘A-/A2’ (Single A Minus/A Two). The long-term entity rating of ‘A-‘ signifies good credit quality with adequate protection factors, though…

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Karachi: VIS Credit Ratings Company Ltd. (VIS) has reaffirmed the entity ratings of Sindh Modaraba (‘SM’ or the ‘Modaraba’) at ‘A+/A1’ (Single A Plus/A One). The medium to long-term rating of ‘A+’ signifies good credit quality with adequate protection…

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Karachi: VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of ‘A/A2’ (Single A/A Two) to Noventa Pharma (Private) Limited (‘NPL’ or the ‘Company’). Medium to long term rating of ‘A’ indicates good credit quality; protection f…

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Lahore: The Pakistan Credit Rating Agency Limited has announced that it is maintaining the entity ratings for Glamour Textile Mills Limited, reflecting the company’s sustained performance despite significant industry challenges. The ratings for Glamou…

The post PACRA Maintains Ratings for Glamour Textile Mills Limited Amid Industry Challenges. appeared first on Pakistan Business News.

Lahore: Mughal Iron & Steel Industries Limited, a significant entity in the steel sector, has been assigned initial ratings for its debt instruments by PACRA. The long-term rating stands at A+, while the short-term rating is A1, with a stable outl…

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Karachi: PACRA has announced that it will maintain the A+ long-term and A1 short-term entity ratings for Sapphire Fibres Limited (SFL), citing the company’s stable outlook. The decision highlights the company’s robust standing within the Sapphire Grou…

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