Business

Karachi, Shields REIT Management Company Limited (SRMC) has been granted the initial Management Quality Rating (RMC) of 'AM4+ (RMC)’ by VIS Credit Rating Company Limited. The rating indicates that SRMC has adequate management characteristics, and the o...

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Karachi, VIS Credit Rating Company Ltd. (VIS) has once again asserted the Broker Management Rating of Next Capital Limited (NCL) at ‘BMR2++’. With a 'Stable' outlook attached, this action follows the previously announced rating on June 21, 2022.Accordi...

The post VIS Maintains Next Capital Limited’s ‘BMR2++’ Broker Management Rating with Stable Outlook appeared first on Pakistan Business News.

Karachi, In a significant development, Shell Petroleum Company Limited, an affiliate of Shell plc, has entered into an agreement to offload its 77.42% majority stake in Shell Pakistan Limited (SPL) to Wafi Energy LLC.According to Shell Petroleum Compan...

The post Shell Agrees to Sell Majority Stake in Shell Pakistan Limited to Wafi Energy LLC appeared first on Pakistan Business News.

Karachi, Gadoon Textile Mills Limited (GTML) has once again secured the entity ratings of 'A+/A-1' from VIS Credit Rating Company Limited (VIS). The medium to long-term rating of 'A+' represents good credit quality with adequate protection factors. How...

The post VIS Upholds ‘A+/A-1’ Ratings for Gadoon Textile Mills with Stable Outlook appeared first on Pakistan Business News.

Karachi, Lucky Cement Limited (LCL) continues to hold its robust credit position as VIS Credit Rating Company Limited reaffirms its entity ratings of ‘AA+/A-1+’. These ratings indicate a high credit quality for the medium to long term and an outstandin...

The post VIS Credit Rating Company Reaffirms ‘AA+/A-1+’ Ratings of Lucky Cement Limited appeared first on Pakistan Business News.

Islamabad, MCB Islamic Bank, in its recent financial update, revealed a substantial ascent in its Profit before Tax (PBT) for the third quarter, marking a remarkable 348% increase from the same period in the previous year. The bank's PBT climbed from P...

The post MCB Islamic Bank’s Q3 PBT Skyrockets to PKR 7.5 Billion appeared first on Pakistan Business News.

Islamabad, In a recent meeting of the Islamabad Chamber of Commerce and Industry (ICCI) Executive Body, concerns were raised over the government's substantial hike in gas prices. Ahsan Zafar Bakhtawari, President of the ICCI, voiced fears that these in...

The post ICCI Warns of Economic Impact Following Drastic Gas Price Increase appeared first on Pakistan Business News.