Karachi, The Pakistan Stock Exchange witnessed a mixed performance in various indices and individual stocks as highlighted in the latest market report. Significant movements included gains by Fauji Fertilizer Company and declines by Mughal Steel, refle…
Day: June 26, 2024
KSE-100 Continues to Slide Amid Market Volatility
Karachi, The KSE-100 Index experienced a tumultuous trading session, opening with a slight gain but ultimately closing with a substantial loss of 292 points, ending at 77,941 points. The session saw the index reach a peak of 309 points but fell to a lo…
VIS Affirms United Bank Limited’s Top Ratings; Sees Stable Economic Influence
Karachi, In its recent assessment, VIS Credit Rating Company Limited has reaffirmed United Bank Limited’s (UBL) entity ratings at ‘AAA/A-1+’ for medium to long-term and short-term obligations, respectively, citing robust credit quality and a solid mark…
VIS Maintains ‘AA+’ Rating for United Bank Limited’s Basel III Compliant Instrument
Karachi, In its latest evaluation, VIS Credit Rating Company Limited (VIS) has reaffirmed the ‘AA+’ rating for the Basel III Compliant Additional Tier-I (TFC-V) debt instrument of United Bank Limited (UBL), indicating high credit quality with a stable …
VIS Maintains ‘AAA/A-1+’ Ratings for National Bank of Pakistan with Stable Outlook
Karachi, VIS Credit Rating Company Limited (VIS) has reaffirmed the National Bank of Pakistan’s (NBP) ratings at ‘AAA’ for the medium to long term and ‘A-1+’ for the short term, underscoring the bank’s robust credit position and operational stability.A…
Pakistan Kuwait Investment Company Advances in Islamic Finance with New Digital Bank Initiative
Karachi, The Pakistan Kuwait Investment Company (Pvt.) Limited (PKIC), a leading Development Financial Institution (DFI) in Pakistan, has taken significant steps towards expanding its Islamic finance offerings, including the establishment of an Islamic…
PACRA Maintains Ratings for Kohat Textile Mills Amid Industry Challenges
Karachi, In the face of escalating costs and a challenging economic environment, Kohat Textile Mills Limited has retained its ratings, reflecting its resilience and strategic responses to sector-wide pressures.According to The Pakistan Credit Rating Ag…
FY25 Budget Impact on Pakistan’s Auto Sector: Shifts in Taxation Affect Market Dynamics
Islamabad, The recent Federal Budget for FY25 has introduced significant changes in the auto sector’s taxation structure, potentially reshaping market dynamics. These measures include adjustments in concessionary duties and a reevaluation of the Advanc…
PCJCCI Outlines Vision for ‘Digital Pakistan by 2025’ in Alignment with Chinese Model
Karachi, The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has articulated an ambitious goal to transform Pakistan into a ‘Digital Pakistan by 2025’, drawing inspiration from China’s advances in digital development.According to Pakista…
Spotify’s RADAR Korea Amplifies K-Pop Group RIIZE with First Mini Album Release
Seoul, Spotify’s RADAR Korea, known for spotlighting and elevating emerging musical talents, is celebrating the success of K-Pop group RIIZE with a special campaign and live event dedicated to their first mini album, ‘RIIZING.’According to Spotify, sin…