Islamabad, Zindigi, in partnership with JS Bank, MyTM, and Cashin (KSA), has announced a new initiative to digitize the pilgrimage experience for Pakistani citizens during Hajj and Umrah. This collaborative effort aligns with Saudi Arabia’s Vision 2030…

Karachi, Mughal Iron and Steel Ltd. (MUGHAL) and Amreli Steels Limited (ASTL), two key players in the long steel sector, are expected to report subdued earnings for the third quarter of fiscal year 2024, As per recent previews. The sector has been affe…

Karachi, VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings for Ashraf Sugar Mills Limited (ASML) at ‘A-/A-2’. The medium to long-term rating of ‘A-‘ indicates good credit quality with adequate protection factors, though risk fac…

Lahore, Earnings projections for several major cement companies in Pakistan suggest a broad decline in the third quarter of the fiscal year 2024 (3QFY24), primarily due to lower dispatches and other factors impacting margins and profitability.According…

Islamabad, Pakistan’s economy marked a substantial achievement in March 2024, registering a current account surplus of US$619 million, its highest in eight years and one of the top three monthly balances in the last two decades.According to JS Global, …

Karachi, The Pakistan Credit Rating Agency Limited (PACRA) has maintained its ratings for Salman Paper Products Private Limited (SPPPL), a prominent importer and trader in the paper and board industry. The ratings reflect the company’s robust sales mod…

Karachi, The Pakistan Credit Rating Agency Limited (PACRA) has maintained its broker fiduciary rating for Alfalah CLSA Securities (Pvt.) Limited (ACLSA) but assigned a rating watch due to concerns over the company’s internal controls and debt collectio…

Karachi, Alfalah CLSA Securities (Pvt) Limited (ACLSA), a venture between Asia’s leading brokerage and investment group CLSA and Bank Alfalah Limited, has been assigned a rating watch by The Pakistan Credit Rating Agency Limited (PACRA). This decision …

Karachi, Pakistan International Airlines Corp (PIAA) has moved closer to privatization following a decisive Extraordinary General Meeting (EOGM) that approved the company’s restructuring into two distinct segments. This reorganization is integral to th…

Islamabad, Engro Polymer Chemical Limited (EPCL) conducted a corporate briefing to discuss its financial performance for the first quarter of 2024, revealing a loss after tax of Rs 900 million. This downturn contrasts with the profit reported in both t…