Business

Karachi: Inflation is expected to see a slight increase in December 2024, reaching 4.15% year-on-year, driven by higher prices in fruits, vegetables, and increased demand for clothing due to cooler temperatures across the nation. The transport index a...

The post Inflation to Rise to 4.15% in December 2024 Amidst Seasonal Demand and Fuel Price Revisions appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Hi-Tech Lubricants Limited at 'A-/A2', indicating good credit quality and sound short-term liquidity. The outlook on these ratings remains stable, demonstrating confidence...

The post VIS Reaffirms Ratings for Hi-Tech Lubricants Limited with Stable Outlook appeared first on Pakistan Business News.

Karachi: Askari Bank Ltd (AKBL) reported a mixed set of financial results for the first nine months of the calendar year 2024, with a slight decrease in net profit after tax (NPAT) but significant growth in assets and equity. The bank also highlighted...

The post Askari Bank Reports Mixed Financial Results with Strategic Expansion appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings for Faizan Steel at 'BBB+/A2', indicating adequate credit quality and a good likelihood of timely repayment of short-term obligations.

According to VIS Credit Rating Compa...

The post VIS Reaffirms Credit Ratings for Faizan Steel Amid Industry Challenges appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has assigned a preliminary rating of 'A1+ (plim)' to Pakistan Telecommunication Company Limited's (PTCL) proposed PKR 2.5 billion Short-Term Sukuk IX (STS-IX), indicating a strong likelihood of timely repayme...

The post VIS Assigns Top Rating to PTCL’s Short-Term Sukuk IX appeared first on Pakistan Business News.

Karachi: The Exchange Companies Association of Pakistan released the latest foreign exchange rates, indicating slight fluctuations in the values of major currencies against the Pakistani Rupee. The current exchange rates reveal minimal changes in the ...

The post Currency Exchange Rates in Pakistan Show Marginal Changes appeared first on Pakistan Business News.

Karachi: Saudia Airlines has announced its receipt of the Editorial Award for 'Best Airline Cabin Crew' at the Business Traveler U.S. Awards 2024, held in Miami, USA. This marks the inaugural presentation of the award, underscoring the significance of...

The post Saudia Airlines Recognized for Excellence in Cabin Crew Service appeared first on Pakistan Business News.