Business

This category covers all news related Business & Finance

VIS Credit Rating Company Affirms Stable ‘BBB+/A-2’ Ratings for CBM Plastics Private Limited Amid Economic Shifts

Karachi, December 21, 2023: VIS Credit Rating Company Limited has reaffirmed the entity ratings of CBM Plastics Private Limited (‘CBM’) at 'BBB+/A-2' ('Triple B-plus'/'A-Two'), signifying adequate credit quality and good certainty of timely payment, a ...

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VIS Credit Rating Company Reaffirms ‘A+’ Rating for Agha Steel Industries’ Sukuk 3, Citing Stable Outlook and Good Credit Quality”

Karachi, VIS Credit Rating Company Limited has reaffirmed the 'A+' rating for the Sukuk 3 instrument of Agha Steel Industries Limited (ASIL), reflecting a stable outlook and good credit quality with adequate protection factors, a news release by VIS Cr...

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Nestlé Pakistan Extends PKR 5 Million to Pakistan Red Crescent Society for Social Welfare and Relief Work

Lahore, In a significant move to bolster social welfare and relief efforts, Nestlé Pakistan has made a corporate contribution of PKR 5 million to the Pakistan Red Crescent Society (PRCS). This contribution is aligned with Nestlé's philosophy of Creatin...

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VIS Credit Rating Company Affirms Agha Steel Industries’ Ratings with Stable Outlook

Karachi, In a recent evaluation, VIS Credit Rating Company Limited has reaffirmed the entity ratings of Agha Steel Industries Limited (ASIL) as 'A/A-2', reflecting a stable outlook. This assessment signifies ASIL's robust credit quality and assures inv...

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Agha Steel Industries Limited Receives ‘A-1’ Rating for Short-Term Sukuk by VIS Credit Rating Company”

Karachi, VIS Credit Rating Company Limited has recently assigned a preliminary rating of 'A-1' ('A-One') to the Short-term Sukuk instrument issued by Agha Steel Industries Limited (ASIL). This rating signifies a high certainty of timely payment, bolste...

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New Business Centre Inaugurated at Peshawar’s Small Industries Estate

Peshawar, The Small Industries Estate in Peshawar witnessed the inauguration of a new Business Centre, a significant development in the region's industrial landscape. Dr. Aamer Abdullah, Khyber Pakhtunkhwa (KP) Minister for Industries, Commerce, Techni...

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Pakistan’s Power Generation Hits 33-Month Low in November 2023

Islamabad, Power generation in Pakistan witnessed a notable decline in November 2023, reaching its lowest in 33 months. The decrease was recorded at 9.8% year-on-year, with generation falling to 7,548 GWh (10,484 MW) compared to 8,367 GWh (11,621 MW) i...

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