FLASHNEWS:

Category: Business

SITE Industrialists Mourn Death of Prominent Business Leader

Karachi: The Patron-in-Chief of the SITE Association of Industry (SAI), Zubair Motiwala, alongside other prominent figures from the association, has expressed condolences on the death of AQ Khalil, a noted businessman and former President of the Karac…

Aspin Pharma’s Short-Term Sukuk Receives ‘A1’ Rating from VIS

Karachi: VIS Credit Rating Company Limited has finalized the short-term rating of ‘A1’ for Aspin Pharma (Private) Limited’s Short-Term Sukuk issue, amounting to Rs. 2,000 million. This rating indicates a strong likelihood of timely repayment of short-…

Gold Prices Climb in Pakistan Amid International Market Surge

Karachi: Gold prices in Pakistan have seen a notable increase, with the rate for one tola of 24-karat gold reaching Rs. 304,000, marking a rise of Rs. 2,500 from previous rates. The surge in domestic prices coincides with an uptick in the internationa…

FPCCI Challenges Government’s Election Timeline for Trade Bodies

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has officially voiced its opposition to the government’s proposed plan to advance trade body elections to 2025. Mr. Atif Ikram Sheikh, President of FPCCI, revealed that a co…

VIS Reaffirms Ratings for Unity Foods Amid Economic Challenges

Karachi: VIS Credit Ratings Company Ltd. (VIS) has reaffirmed the entity ratings of Unity Foods Limited (UFL) at ‘A/A2’, indicating a good credit quality with adequate protection factors, albeit with a ‘Negative’ outlook due to potential economic fluc…

Citi Pharma Limited’s Short-Term Sukuk Receives ‘A1’ Rating

Karachi: VIS Credit Rating Company Limited has finalized a short-term rating of ‘A1’ for the Short-Term Sukuk (STS) issuance of Rs. 1,500 million by Citi Pharma Limited. The rating suggests a strong likelihood of timely repayment of short-term obligat…