Business

Karachi, Zubair Tufail, President of the United Business Group (UBG), expressed strong confidence in the success of UBG candidates in the upcoming Federation of Pakistan Chambers of Commerce and Industry (FPCCI) elections slated for December 30, 2023. ...

The post UBG Confident in Upcoming FPCCI Elections, Zubair Tufail Anticipates Victory appeared first on Pakistan Business News.

Islamabad, Pakistan's oil marketing companies (OMCs) have reported a modest increase in petroleum product sales in November 2023, with a notable uptick in high-speed diesel (HSD) and residual fuel oil (RFO) sales. The overall sales volume for the month...

The post Oil Marketing Companies Report Slight Increase in Petroleum Sales as Winter Begins appeared first on Pakistan Business News.

Islamabad, Amidst Rising Profits, Banks Accused of Neglecting Customer Security and Fair ReturnsThe former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, criticized commercial banks for prioritizing profits...

The post Banks Accused of Security Neglect and Unfair Practices Despite High Profits, Says ICCI President appeared first on Pakistan Business News.

Karachi, In a recent economic update, it was reported that November 2023 saw the Consumer Price Index (CPI) reach 29.2%, marking a substantial monthly increase of 2.7%. This rise, primarily driven by a dramatic 280% month-over-month surge in gas prices...

The post CPI Disinflation on Track Despite Significant Gas Price Surge appeared first on Pakistan Business News.

Karachi, JS Bank, one of Pakistan's rapidly growing banks, has announced the opening of a new branch in Hala, Matiari, Sindh, as part of its annual expansion plan. This move represents a key strategy in the bank's efforts to broaden its national footpr...

The post JS Bank Expands Presence in Sindh with New Branch in Hala, Matiari appeared first on Pakistan Business News.

Karachi, VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength Rating of Jubilee General Insurance Company Limited (JGI) at ‘AA++(IFS)’. This rating indicates JGI’s very strong capacity to meet policyholder and contract obliga...

The post VIS Credit Rating Company Reaffirms ‘AA++(IFS)’ Rating for Jubilee General Insurance appeared first on Pakistan Business News.

Karachi, VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Sohail Textile Mills Limited (SOT) at ‘BBB-/A-2’. The medium to long-term rating of ‘BBB-’ reflects adequate credit quality with reasonable protection factors, while ...

The post VIS Maintains ‘BBB-/A-2’ Ratings for Sohail Textile Mills with Stable Outlook appeared first on Pakistan Business News.