Business

Karachi, July 21, 2023 (PPI-OT): Power supply to the city remained stable on Friday during sporadic showers in the city under the influence of current monsoon system. KE teams continued to closely monitor the situation, maintaining proactive contact wi...

The post KE’s Power Supply Remained Stable as the City Embraces Rain Under Monsoon Spell appeared first on Pakistan Business News.

The Economic Coordination Committee (ECC) of Pakistan, approved a request by the Election Commission of Pakistan (ECP), to allocate funds of 42.528 billion rupees (over 149 million U.S. dollars), for the forthcoming general elections, the finance minis...

Lahore, July 20, 2023 (PPI-OT): The lingering impact of Covid-19 along with the impact of the floods in Jul’22, the portfolio credit quality has been impacted severely and the financial risk profile of the Bank has weakened. The recoveries may take tim...

The post PACRA revises the Debt Instrument Rating of Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22 appeared first on Pakistan Business News.

Lahore, July 20, 2023 (PPI-OT): Ratings reflect Sindh Engro Coal Mining Company’s (SECMC/the Company) ownership structure comprising of the Government of Sindh and financially sound business groups of the Country. In addition to ownership, Ratings also...

The post PACRA maintains Entity Ratings of Sindh Engro Coal Mining Company appeared first on Pakistan Business News.

Karachi, July 20, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Fatima Fertilizer Company Limited (‘FATIMA’ or ‘the Company’) at ‘AA+/A-1+’ (Double A Plus /A-One Plus). The medium to long-term rating of ‘AA...

The post VIS Reaffirms Entity Ratings of Fatima Fertilizer Company Limited appeared first on Pakistan Business News.

Lahore, July 20, 2023 (PPI-OT): The Bank of Punjab has built a franchise around its name, which itself is a reflection of strong parentage. The bank enjoys a respectable position in its peer universe, also reflected by its system share. The Bank grew i...

The post PACRA Assigns Preliminary Rating of the Bank of Punjab | Tier 2 Capital TFC | PKR 10bln| TBI appeared first on Pakistan Business News.

Islamabad, July 20, 2023 (PPI-OT): Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry said that Pakistan has huge potential to enhance exports of halal products and stressed that the government should cooperate with the priva...

The post ICCI for focusing on halal industry to boost exports appeared first on Pakistan Business News.