Karachi: The President of the Korangi Association of Trade and Industry (KATI), Johar Kandhari, has called for immediate government intervention to relieve industries burdened by what he describes as unnecessary taxes. As per Kandhari, these fiscal pre…
Karachi: The KSE-100 index exhibited strong bullish momentum, advancing by 729 points day-over-day to close at 79,553. Trading volumes surged, reaching 413 million shares compared to 306 million in the previous session. The index now approaches its rec…
Karachi: Pakistan’s rice exports have surged to a historic high of $3.88 billion in the fiscal year 2023-24, as per Rafique Suleman, former chairman of the Rice Exporters Association of Pakistan (REAP). This achievement marks a significant rise from th…
Karachi: The latest data from the Exchange Companies Association of Pakistan indicates minor fluctuations in the foreign exchange rates over two consecutive days. The US Dollar, Euro, British Pound, and other major currencies showed slight variations i…
Karachi: The Pakistani fertilizer sector witnessed a mixed performance in the second quarter of 2024, with a notable decrease in urea sales but an increase in DAP offtakes. Engro Fertilizers Ltd and Fauji Fertilizer Company reported significant decline…
Karachi: VIS Credit Rating Company Limited (VIS) has updated its ratings for Shakarganj Food Products Limited (SFPL), stabilizing the company’s outlook from ‘Negative’ to ‘Stable’ while revising the instrument rating from ‘BBB+’ to ‘BBB-‘. This adjustm…
Karachi: VIS Credit Rating Company Limited (VIS) has updated its ratings for Shakarganj Food Products Limited (SFPL), stabilizing the company’s outlook from ‘Negative’ to ‘Stable’ while revising the instrument rating from ‘BBB+’ to ‘BBB-‘. This adjustm…