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Karachi, Askari Bank Limited has released details of its "TFC (Tier-I)" (AKBLTFC6) issuance. This perpetual security, with a market lot of 1 and face value of Rs. 1,000,000, offers a profit rate of "6M KIBOR +1.5%". It has a total issue size of Rs. 6,...

Karachi, Ellcot Spinning Mills Ltd. (ELSM) ended the day at Rs. 96.90, with a daily weighted average rate of Rs. 96.40. The company, which has been in the market since 1990, posted an EPS of Rs. 74.30 for January-November 2023. Ellcot Spinning Mills, ...

Karachi, In a recent financial development, steel rates in Pakistan have seen a significant drop, offering relief to the construction industry. This change, reported on December 15, contrasts sharply with the pricing trends in the cement sector.Accordi...

The post Strengthened PKR Value Triggers Major Decline in Steel Rates appeared first on Pakistan Business News.

Karachi, VIS Credit Rating Company Limited (VIS) announced the withdrawal of the entity ratings previously assigned to Mehran Spice and Food Industries (MSFI). This action, effective immediately, is attributed to the non-renewal of the rating contract ...

The post VIS Withdraws Ratings for Mehran Spice and Food Industries appeared first on Pakistan Business News.

Karachi, VIS Credit Rating Company Limited has assigned a preliminary rating of 'A-1+' to the proposed Rs. 5.0b Short-Term Sukuk (STS) of Pakistan Telecommunication Company Limited (PTCL). This rating, which indicates the highest certainty of timely pa...

The post VIS Assigns Top Rating to PTCL’s Short-Term Sukuk appeared first on Pakistan Business News.

Karachi, In response to the recent news surrounding the sale of Telenor Pakistan, Telenor Microfinance Bank (TMB) and its flagship platform, easypaisa, have reassured their customers that their operations and services remain stable and unaffected. The ...

The post Telenor Microfinance Bank and easypaisa Assure Stability Amidst Telenor Pakistan Sale appeared first on Pakistan Business News.

Caretaker Punjab government has decided to start desilting drive from 26th of this month. Chief Minister Mohsin Naqvi approved desilting of 15,300 miles canals at a meeting in Lahore today. He said that upon completion, water would be accessible to th...