Business

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: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Next Capital Limited at 'A-/A2'. The ratings indicate good credit quality with adequate protection factors, although risk factors may vary with economic changes. The...

The post VIS Reaffirms Ratings for Next Capital Limited Amid Profitability Challenges appeared first on Pakistan Business News.

Karachi: The Consumer Price Index (CPI) for November 2024 is projected to drop to 4.7%, marking the lowest point since April 2018. This trend underscores a continuing pattern of disinflation, bolstered by a high base effect. The downward trajectory st...

The post Consumer Price Index Hits Six-Year Low, Fuels Speculation of Interest Rate Cut appeared first on Pakistan Business News.

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 Government of Pakistan has announced the 16th issuance of its IJARAH SUKUK, set to take place on December 3, 2024, via the Pakistan Stock Exchange (PSX). This initiative will be executed in collaboration with the National Clearing Company...

The post Pakistan to Conduct 16th IJARAH SUKUK Auction in December through PSX appeared first on Pakistan Business News.

Lahore: Pioneer Cement Limited (PIOC) held a corporate briefing session to discuss its financial results for FY24 and the first quarter of FY25, highlighting its commitment to debt reduction and cost efficiencies. The company reported a 92% year-on-ye...

The post Pioneer Cement Focuses on Debt Reduction and Cost Efficiencies Amid Strong Earnings Growth appeared first on Pakistan Business News.