Business

Karachi, August 25, 2023 (PPI-OT): VIS Credit Rating Company Limited. (VIS) has reaffirmed entity ratings of ‘A/A-1’ (Single A/A-One) to OBS AGP (Private) Limited (OBS AGP). Long-term rating of ‘A’ signifies good credit quality with adequate protection...

The post VIS Reaffirms Entity Ratings of OBS AGP (Private) Limited appeared first on Pakistan Business News.

Islamabad, August 25, 2023 (PPI-OT): Former Prime Minister of Pakistan and senior leader of PML(N) Shahid Khaqan Abbasi said that if exports are increased by 20 billion dollars, the economy can get out of difficulties. In order to boost industrializati...

The post USD20 billion increase in exports can address the issues of economy: Shahid Khaqan Abbasi appeared first on Pakistan Business News.

Karachi, August 23, 2023 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has assigned final rating of ‘A+’ (Single A plus) to the Sukuk issue of Rs. 3.6b of OBS Pakistan (Private) Limited (OBS-Pak). Rating of ‘A+’ signifies good credit quality with adeq...

The post VIS Assigns Final Rating to the Sukuk of OBS Pakistan (Private) Limited appeared first on Pakistan Business News.

Islamabad, August 23, 2023 (PPI-OT): Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) urged the CDA to develop the G-11 Markaz as a model market that would facilitate the traders in promoting trade activities. He sai...

The post ICCI urges CDA to develop G-11 Markaz as a Model Market appeared first on Pakistan Business News.

Karachi, August 23, 2023 (PPI-OT): Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that the I...

The post IT and solar sectors have potential to pull the economy out of ICU appeared first on Pakistan Business News.

Karachi, August 23, 2023 (PPI-OT): The first half of 2023 has marked its significance for BankIslami, as it attained a notable milestone by securing a ‘AA-’ long term entity rating assigned from PACRA. This rating upgrade acknowledges the outstanding p...

The post BankIslami Achieves Remarkable 255% Growth in Profit After Tax during first half of 2023 appeared first on Pakistan Business News.

The Pakistani rupee continued its losing streak against the U.S. dollar, touching a record low, as the greenback was traded at 299.01 rupees in the interbank market yesterday, according to the State Bank of Pakistan (SBP).The U.S. dollar closed at 297....