Business

This category covers all news related Business & Finance

VIS Assigns Initial Ratings to Sachal Engineering Works (Private) Limited

Karachi, August 23, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of ‘A-/A-2’ (Single A Minus/A-Two) to Sachal Engineering Works (Pvt.) Limited (SEWL). The medium to long-term rating of ‘A-’ signifies good c...

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VIS Assigns Final Rating to the Sukuk of OBS Pakistan (Private) Limited

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...

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IT and solar sectors have potential to pull the economy out of ICU

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...

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BankIslami Achieves Remarkable 255% Growth in Profit After Tax during first half of 2023

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...

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Zong 4G launches its Industry-first Monthly Digital Max Offer – Innovating beyond traditional mobile bundles

Islamabad, August 22, 2023 (PPI-OT): Zong 4G, the leading telecommunication network in Pakistan, launches a revolutionary package that has redefined customer-centric offers. As part of the offer, customers can use an astounding 100GB of high-speed data...

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