Karachi: Pakistan Stock Exchange (PSE) has reported significant growth in market capitalization and turnover of shares on its Main Board over the last six months, with notable increments in the KSE 100 and All Share Indexes.In May, the PSE’s listed cap…
Month: November 2023
KSE Indices Witness Mixed Performance Amid Active Trading
Karachi: The Karachi Stock Exchange (KSE) observed a mixed performance with the KSE-30 index increasing by 40.51 points, closing at 19,028.67, while the KSE-100 index rose by 142.35 points, settling at 56,665.93. The KSE-Allshare index showed a gain of…
VIS Reaffirms Servo Motor Oil’s Ratings with Stable Outlook Amid Industry Challenges
Karachi, VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Servo Motor Oil (Private) Limited (SMOPL) at ‘BBB/A-2’, indicating adequate credit quality and good certainty of timely payment with a stable outlook. This rating ref…
PACRA Maintains Ratings for Glamour Textile Mills Amid Textile Industry Challenges
Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Glamour Textile Mills Limited (GLMT), reflecting its adequate market share in Pakistan’s textile spinning industry. Despite challenges such as raw material a…
Karachi Industrialists Protest Substantial Increase in Gas Rates
Karachi, The industrialists of Karachi’s SITE industrial area have voiced strong opposition to the recent hike in gas prices. This increase, they argue, threatens the viability of many industries in the area, with concerns that it may lead to widesprea…
Sheikh Mohammed bin Rashid Al Maktoum Visits Emirates at Dubai Air Show 2023
Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Ruler of Dubai, made a notable visit to the Emirates booth on the opening day of the 2023 Dubai Air Show. The visit highlighted Emirates’ advancements in employee trainin…
Descon Engineering Awarded Construction of Carbon Clean Technology Pilot Project by FERTIL
Abu Dhabi, Descon Engineering’s Industrial Services Division (ISD) in the UAE has been selected as the construction partner for FERTIL’s Carbon Clean Technology Pilot Project, CycloneCC. The project, located at FERTIL’s nitrogen fertilizer plant in Ruw…
Mobilink Bank Triumphs at Veon’s Ignite Awards in Istanbul
Islamabad, Mobilink Bank, a prominent digital microfinance bank in Pakistan, marked a significant achievement at the Veon’s Ignite Awards in Istanbul, winning in three major categories: ‘Double-Digit Growth’, ‘Financial Services’, and ‘Diversity and In…
SITE Industrialists in Karachi Protest Against Sharp Increase in Gas Tariff
Karachi, The SITE Association of Industry (SAI) in Karachi has convened an emergent meeting to discuss the recent substantial hike in industrial gas tariffs, a change they argue renders local industries nonviable. The increase in tariffs is feared to l…
CDA Establishes Facilitation Centre for Fast-Track Building Plan Approvals
Islamabad, The Capital Development Authority (CDA) Board has approved the establishment of a facilitation centre to expedite the approval process for building plans. This initiative is aimed at significantly reducing the time frame for endorsing both r…