Business

This category covers all news related Business & Finance

FPCCI to Host Prestigious Achievement Awards with Global Ambassadors

Karachi, The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is set to host its annual Achievement Awards on December 23 at the Serena Hotel in Islamabad. This year's event, as announced by FPCCI President Irfan Iqbal Sheikh, is expect...

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Oil Marketing Companies Report Slight Increase in Petroleum Sales as Winter Begins

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...

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Banks Accused of Security Neglect and Unfair Practices Despite High Profits, Says ICCI President

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...

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JS Bank Expands Presence in Sindh with New Branch in Hala, Matiari

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...

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VIS Credit Rating Company Reaffirms ‘AA++(IFS)’ Rating for Jubilee General Insurance

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...

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VIS Maintains ‘BBB-/A-2’ Ratings for Sohail Textile Mills with Stable Outlook

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 ...

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