Islamabad: Foodpanda has launched an extensive range of groceries under its new private house brand, bright, available exclusively through its online grocery service, pandamart. This move is designed to meet the increasing consumer demand for high-qual…
Day: July 2, 2024
KSE-100 Sees Bullish Trends Despite Lower Trading Volumes, Market Analysts Urge Caution
Karachi: The KSE-100 index showed bullish trends in the last trading session, opening positively and maintaining its upward trajectory to close with a gain of 379 points, settling at 78,824 points. Despite the positive close, the session was marked by …
Stable Currency Rates Observed in Pakistan’s Forex Market
Islamabad: Pakistan’s foreign exchange market has displayed a stable trend in currency rates over the past two days, as per the latest figures from the Exchange Companies Association of Pakistan. Notable currencies such as the USD, Euro, and GBP have s…
KSE-100 Faces Indecisive Market, Analysts Recommend Caution
Karachi: The Karachi Stock Exchange’s benchmark index, the KSE-100, experienced another day of consolidation, closing slightly higher at 78,824, up by 379 points. The trading volume was notably lower than the previous session, with 306 million shares e…
VIS Raises Credit Ratings for The Organic Meat Company Amid Expansion and Strong Market Position
Karachi: In a recent evaluation, VIS Credit Rating Company Limited (VIS) has elevated the entity ratings of The Organic Meat Company Limited (TOMCL) from ‘A-/A-2’ to ‘A/A-1’, reflecting the company’s strengthened financial profile and promising market …
Bank Alfalah Secures Top-Tier ‘AAA’ Credit Rating from PACRA
Islamabad: Bank Alfalah has recently been awarded the highest credit rating of ‘AAA’ by the Pakistan Credit Rating Agency (PACRA). This top-tier rating reflects the bank’s robust financial health and its ongoing commitment to operational excellence.Acc…
Bank AL Habib and Indus Motors Launch Promotional Campaign for Affordable Car Financing
Islamabad: In a collaborative effort to make car ownership more accessible, Bank AL Habib and Indus Motors Company have introduced a new promotional campaign, offering discounted financing rates and insurance benefits. This campaign aims to provide cus…
Pakistan’s June CPI Shows Significant Decline, But Inflation Concerns Persist for FY25
Karachi: Pakistan’s Consumer Price Index (CPI) registered at 12.6% for June 2024, marking a notable decrease from 29% a year earlier and bringing the FY24 average CPI to 23.9%. Despite a monthly uptick in June, the annual inflation rate has softened si…
VIS Credit Rating Company Assigns ‘A-1+’ Rating to K-Electric’s New Short-Term Sukuk
Lahore: VIS Credit Rating Company Limited (VIS) has assigned a preliminary rating of ‘A-1+’ to the proposed Short-Term Sukuk (STS-27) of K-Electric Limited (KE). The rating indicates the highest certainty of timely payment, reflecting KE’s excellent sh…
Zameen.com Offers Lucrative Investment Opportunity in Hunza with 11% Guaranteed Rental Yield
Lahore: Zameen.com has announced a unique investment opportunity in Hunza, one of Pakistan’s most sought-after holiday destinations. The Ambience Resort in Hunza promises an 11% guaranteed rental yield, making it one of the most attractive investment o…