Business

Karachi: VIS Credit Rating Company Limited has placed the ratings of FINCA Microfinance Bank at 'A-/A2' under 'Rating Watch- Developing' status, following a recent acquisition. The previous rating action was last updated on April 30, 2024. In a deve...

Karachi: VIS Credit Rating Company Limited (VIS) has assigned an initial Management Quality Rating (MQR) of 'AM3 (RMC)' to Sinolink REIT Management Company Limited (SRMCL). This rating suggests that the asset manager demonstrates good management quali...

Karachi: The State Bank of Pakistan released new exchange rates for the revaluation of foreign currencies by authorized dealers, providing detailed figures for ready, 1-month, and 1-year rates. This update is crucial for financial institutions and bus...

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) expressed dissatisfaction following the State Bank of Pakistan's decision to maintain the current policy rate, despite the declining inflation rates. Business leaders had an...

Karachi: Auto sales in Pakistan are projected to keep up their year-over-year growth streak for the 11th straight month, with key industry players forecasted to report a significant increase in sales. Pak Suzuki Motor Company, Indus Motors Ltd, and Ho...

Karachi: Gold prices across Pakistan remained unchanged on Monday, reflecting a period of stability in the global precious metals market. According to All Pakistan Sarafa Gems and Jewellers Association, the rate for one tola of 24-carat gold stood a...

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Naveena Industries Limited ('NIL') at 'A-/A2'. The medium to long-term rating of 'A-' suggests good credit quality with adequate protection factors, while the short-term r...