Islamabad: JS Bank, a prominent financial institution, has been upgraded to an “AA” rating by the Pakistan Credit Rating Agency (PACRA), signifying its strong financial performance and robust risk management practices. This high credit quality rating u…
Day: July 1, 2024
VIS Maintains Stable Ratings for Dynamic Sportswear Amid Economic Challenges
Karachi: The VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Dynamic Sportswear (Private) Limited (DSW) at ‘A-/A-2’, signifying good credit quality with a stable outlook as announced on July 01, 2024. This assessment reflec…
KSE-100 Reaches New Highs with Strong Rally Driven by Reforms and Foreign Inflows
Karachi: The KSE-100 Index of the Karachi Stock Exchange hit a new record high of 78,810 this June, ultimately settling at 78,445 after some profit-taking. This closing reflects a 3% gain for the month and contributes to a remarkable 26% return in the …
KSE-100 Faces Continued Range-Bound Activity, Recommendations for Investors
Islamabad: The Karachi Stock Exchange’s benchmark index, the KSE-100, experienced another day of range-bound trading, closing at 78,445, a slight decrease of 83 points from the previous day. Trading volumes increased to 348 million shares from 284 mill…
KSE-100 Encounters Volatile Trading, Urges Cautious Market Approach
Karachi: The Karachi Stock Exchange’s KSE-100 index displayed significant volatility in its latest session, with fluctuations leading to a closing loss. The index oscillated between a high of 256 points and a low of 216 points before settling at 78,445…
SMEDA Unveils 10-Year Cluster-Based Development Plan to Boost SME Sector
Lahore: The Small and Medium Enterprises Development Authority (SMEDA) has introduced a ten-year Cluster-Based Development Plan aimed at fostering growth in the SME sector. The plan, revealed during a ceremony marking international Micro, Small and Med…
FTO Directs FBR to Recover Withholding Tax Shortfall from NHA
Islamabad, The Federal Tax Ombudsman (FTO) has issued a directive to the Federal Board of Revenue (FBR) to recover a significant shortfall in withholding tax from the National Highways Authority (NHA). This action comes after a public interest complain…
Punjab Launches ‘Dastak’ Program to Boost Youth Employment
Lahore, Chief Minister Maryam Nawaz Sharif has launched the registration for the ‘Dastak’ program in Punjab, aimed at providing employment opportunities for thousands of young individuals across the province. The program, an extension of the ‘Maryam Ki…
CDA Recovers 3 Kanal of Land in Sangjani from Encroachers
Islamabad, The Capital Development Authority (CDA) has successfully recovered over 3 kanal of land in Sangjani from illegal occupants. This operation, part of an ongoing effort to combat encroachments, involved the demolition of unauthorized constructi…
OGDCL Enhances Production at Nashpa-4 Well, Boosts Oil and Gas Output
Islamabad: The Oil and Gas Development Company Limited (OGDCL) has announced a significant enhancement in the production capacity of the Nashpa-4 well, located in the Karak district of Khyber Pakhtunkhwa province. This revitalization effort has success…