Business

This category covers all news related Business & Finance

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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LPG Price Hikes Impacting Citizens, Former ICCI President Advocates Tax Relief and Debt Solutions

Islamabad, The ongoing surge in Liquefied Petroleum Gas (LPG) prices is significantly impacting citizens, particularly in Pakistan's northern regions where harsh winters escalate the demand for fuel. This situation has raised concerns about the afforda...

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Pakistan Stock Market Flourishes, Signals Boost in Economic Confidence

Islamabad, The Pakistan stock market is currently outperforming many global counterparts, signaling a surge in business community confidence in the nation's economy. This positive trend follows a series of encouraging developments, including satisfacto...

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UBG Urges Government to Address Industrialists’ Concerns Over Gas Tariff

Karachi, Zubair Tufail, President of the United Business Group (UBG), has called on the government to heed the concerns of industrialists regarding the gas tariff, in an effort to resolve the impending one-day symbolic strike and other protests planned...

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VIS Credit Rating Reaffirms High Ratings for Sui Northern Gas Pipelines Limited

Karachi, VIS Credit Rating Company Limited has reaffirmed the entity ratings of Sui Northern Gas Pipelines Limited (SNGPL) at 'AA+/A-1+' (Double A Plus/A- One Plus), indicating high credit quality and strong protection factors. The outlook on the assig...

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