Business

Karachi, May 10, 2023 (PPI-OT): IMF: Stepping out of the realm of logicThe IMF’s latest demand is for further interest rate hikes in the country, with some media sources reporting an increase to as much as 25%. The SBP stated that real interest rates, ...

The Federal Board of Revenue (FBR) has imposed restrictions on the importers of the Special Technology Zones (STZs) on the import of goods to be used within the said zones.The FBR issued S.R.O. 536(I)/2023 for introducing draft amendments in the Custo...

Qinzhou Port in south China handled 31.89 billion yuan (about 4.61 billion U.S. dollars) of goods imported and exported via the New International Land-Sea Trade Corridor in the first quarter of this year, an increase of 77.4 percent year on year.The l...

Karachi, May 09, 2023 (PPI-OT): VIS Credit Rating Company Limited has maintained entity ratings of Orient Electronics (Pvt.) Ltd. (OEL) at ‘A-/A-2’ (Single A Minus/A-Two). Outlook on the assigned ratings have been revised from ‘Rating Watch – Developin...

Karachi, May 09, 2023 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has reaffirmed the entity ratings of Muhammad Shafi Tanneries (MSTL) at ‘BBB+/A-2’ (Triple B Plus/A-Two). The long-term rating of ‘BBB+’ signifies adequate credit quality with reasona...

Faisalabad, May 09, 2023 (PPI-OT): A special campaign against electricity theft is in full swing under the direction of Chief Executive Officer (CEO) Faisalabad Electric Supply Company (FESCO) Engr. Bashir Ahmad. In this connection, the special team of...

Karachi, May 09, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Crescent Bahuman Limited (CBL) at ‘A-/A-2’ (Single A Minus/A-Two). Medium to long-term rating of ‘A-’ signifies good credit quality; protection fac...