Update on Instrument Rating of Neelum Jhelum Hydropower Company (Private) Limited

Karachi, August 18, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) notes that Neelum Jhelum Power Station has resumed normal operations on August 09, 2023 after completion of the recovery activities. The project was shut down on July 04, 2022 d...

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VIS Reaffirms Entity Ratings of DWP Technologies (Private) Limited

Karachi, August 18, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of DWP Technologies (Pvt.) Ltd. (DWPTL) at ‘A-/A-2’ (Single A Minus/A-Two). The long-term rating of ‘A-’ signifies good credit quality with ade...

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VIS Maintains Entity Ratings of Digital World Pakistan (Private) Limited

Karachi, August 18, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has maintained the entity ratings of Digital World Pakistan (Private) Limited (DWPL) at ‘A-/A-2’ (Single A Minus/A-Two). Outlook on the assigned ratings has been revised from ‘S...

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Dr. Shamshad Akhtar will encounter difficulties in obtaining loans, lowering interest rates, and controlling inflation

Karachi, August 18, 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 on Friday welcomed the caret...

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VIS Harmonizes Ratings of Tier-II Instruments of Khushhali Microfinance Bank Limited

Karachi, August 18, 2023 (PPI-OT): VIS Credit Rating Company Limited has issued a new Rating Scale https://docs.vis.com.pk/docs/VISRatingScales.pdf for hybrid Tier-1 and Tier-2 capital instruments issued by Banks, under Basel III guidelines as implemen...

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Kohat Cement Company Details Successful Buy-Back and Cancellation of 5 Million Ordinary Shares

Karachi, Kohat Cement Company Limited, a leading player in the cement industry, has released a comprehensive statement detailing its recent endeavors in accordance with a special resolution passed by its members on February 21, 2023. The statement outl...

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Pakistan Oxygen Limited Reschedules Board Meeting for Financial Statements Review

Karachi, Pakistan Oxygen Limited (POL), a prominent player in the industrial gases sector, has announced the rescheduling of its Board of Directors meeting that was originally slated for August 22, 2023. The purpose of the meeting was to review and dis...

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