Business

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Pakistan Currency Exchange Company (Private) Limited at 'A-/A2', indicating good credit quality and adequate protection factors for medium to long-term obligations. The sh...

The post VIS Reaffirms Ratings for Pakistan Currency Exchange Company appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has assigned an 'A1+' short-term rating to the Pakistan Telecommunication Company Limited's (PTCL) Short Term Sukuk VII (STS-VII). This rating signifies the highest level of certainty regarding timely p...

The post VIS Assigns Top Rating to PTCL’s Seventh Sukuk Offering appeared first on Pakistan Business News.

Karachi: The Consumer Price Index (CPI) is projected to decrease significantly in November 2024, reaching its lowest level in six years, as inflation continues its downward trend. The CPI is expected to drop to 4.7%, the lowest since April 2018, suppo...

The post Consumer Price Index Hits Six-Year Low as Inflation Trends Downward appeared first on Pakistan Business News.

Karachi: Currency exchange rates in Pakistan have shown slight fluctuations, with minor changes in buying and selling rates for major foreign currencies. The adjustments reflect ongoing shifts in the global foreign exchange market.

According to Exch...

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

Lahore: Nishat Chunian Limited (NCL) announced a significant improvement in its financial performance for the fiscal year 2024, with an increase in revenue and a return to profitability, during a corporate briefing session. The company reported a reve...

The post Nishat Chunian Limited Reports Strong Financial Turnaround Amid Expanding Market Strategy appeared first on Pakistan Business News.

Karachi: The Searle Company Limited (SEARL) conducted a corporate briefing to present its FY24 earnings and discuss future outlook. Key highlights included a 14% year-over-year increase in consolidated topline to Rs29 billion, alongside a gross margin...

The post Searle Company Limited Reports FY24 Earnings, Plans Product Expansion appeared first on Pakistan Business News.

Karachi: Mian Abrar Ahmed, the former President of the Karachi Chamber of Commerce and Industry (KCCI), has been appointed as Vice Chairman of the Businessman Group. The announcement was made during a ceremony held at the Pakistan Eye Bank Society (PE...

The post Mian Abrar Ahmed Elevated to Vice Chairman of Businessman Group appeared first on Pakistan Business News.