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Karachi: Philip Morris (Pakistan) Ltd. (PMPK), a non-cumulative company, closed the trading day at PKR 548.99, whereas its daily weighted average rate was slightly higher at PKR 557.72. The company boasts a paid-up capital of PKR 615.80 million, accor...

Karachi, VIS Credit Rating Company Ltd. (VIS) has once again asserted the Broker Management Rating of Next Capital Limited (NCL) at ‘BMR2++’. With a 'Stable' outlook attached, this action follows the previously announced rating on June 21, 2022.Accordi...

The post VIS Maintains Next Capital Limited’s ‘BMR2++’ Broker Management Rating with Stable Outlook appeared first on Pakistan Business News.

Karachi, Shields REIT Management Company Limited (SRMC) has been granted the initial Management Quality Rating (RMC) of 'AM4+ (RMC)’ by VIS Credit Rating Company Limited. The rating indicates that SRMC has adequate management characteristics, and the o...

The post VIS Awards ‘AM4+’ Management Quality Rating to Shields REIT Management Company Limited with Stable Outlook appeared first on Pakistan Business News.

Karachi, In a significant development, Shell Petroleum Company Limited, an affiliate of Shell plc, has entered into an agreement to offload its 77.42% majority stake in Shell Pakistan Limited (SPL) to Wafi Energy LLC.According to Shell Petroleum Compan...

The post Shell Agrees to Sell Majority Stake in Shell Pakistan Limited to Wafi Energy LLC appeared first on Pakistan Business News.

The Senate today unanimously passed a resolution expressing strong support and solidarity with the oppressed Palestinian people.The resolution moved by Leader of the House Ishaq Dar reiterated Pakistan’s principled policy on supporting the inalienable...

Prime Minister Anwaar ul Haq Kakar has strongly condemned the rising Israeli hostilities and aggression against civilians in Gaza.In a tweet today, he said yesterday’s air raid on Jabalia camp, where hundreds of lives were lost, including women and ch...

President Dr Arif Alvi has reiterated Pakistan's call for lifting the siege in Gaza and open humanitarian corridor for Palestinians. He was speaking during a ceremony held in Islamabad today, for presentation of diplomatic credentials by ambassadors o...