Business

Karachi: The oil marketing companies (OMC) in Pakistan reported a 5% year-on-year increase in sales for the first five months of fiscal year 2025, though achieving the Petroleum Development Levy (PDL) target continues to be challenging. In November 20...

The post OMC Sales Volume Rises as PDL Target Remains Challenging appeared first on Pakistan Business News.

Karachi: Inflation in November 2024 registered a Consumer Price Index (CPI) of 4.9%, the lowest reading in over six and a half years. This marks a significant drop from the 28.6% average recorded in the first five months of the previous fiscal year, b...

The post November 2024 CPI Reaches 4.9%, Lowest in Over Six Years appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has announced an upgrade in the entity ratings of Lucky Textile Mills Limited (LTML) to 'AA-/A1+' from 'AA-/A1'. The upgrade reflects the company's enhanced credit quality and its ability to ensure timely rep...

The post Lucky Textile Mills Limited Receives Rating Upgrade from VIS Credit Rating Company appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the Rental REIT rating of Dolmen City REIT at 'AAA (rr)' (Triple A Rental REIT), maintaining a stable outlook. This rating reflects the highest capacity to maintain stable rental income with ne...

The post Dolmen City REIT Rental Rating Reaffirmed at ‘AAA (rr)’ appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Sohail Textile Mills Limited at 'BBB-/A2'.

According to VIS Credit Rating Company Limited, the medium to long-term rating of 'BBB-' indicates adequate credit quality wi...

The post Sohail Textile Mills Limited Ratings Reaffirmed by VIS appeared first on Pakistan Business News.

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to reconsider the implementation of a Minimum Retail Price (MRP) of Rs1200 per kilogram on black tea imports, citing potential adverse effects on lower-income househ...

The post Tea Import Tax Concerns Raised by Karachi Chamber of Commerce appeared first on Pakistan Business News.

Lahore: The Punjab Board of Investment and Trade (PBIT) is prioritizing the introduction of concrete and investment-ready projects to attract investors, the board's chairman. In a recent meeting with the Lahore Chamber of Commerce and Industry, Ashraf...

The post PBIT Unveils Strategic Projects to Bolster Investment in Punjab appeared first on Pakistan Business News.