Karachi: The VIS Credit Rating Company Limited (VIS) has affirmed the entity ratings of The Searle Company Limited (TSCL) at ‘AA-/A-1’, reflecting high credit quality and a stable financial outlook. The long-term ‘AA-‘ rating denotes strong protection …
Karachi: The cement sector recorded a downturn in June 2024, with dispatches falling to 3.55 million tons, marking a 13% year-over-year and a 17% month-over-month decrease. This contributed to an annual tally of 45.29 million tons for FY24, which, desp…
Karachi: The VIS Credit Rating Company Limited (VIS) has issued an initial Fund Stability Rating (FSR) of ‘AA(f)’ to Faysal Islamic Sovereign Plan-I (FISP-1), indicating a high degree of stability in the fund’s Net Asset Value. This rating reflects mod…
Riyadh: In a significant move to bolster Saudi Arabia’s position as a regional business hub, Saudia Group and the Ministry of Investment have signed a Memorandum of Understanding (MoU) aimed at attracting global companies to establish their regional he…
Karachi: The Trade Development Authority of Pakistan (TDAP) has announced its participation in Heimtextil 2025, the world’s largest home and contract textiles exhibition, scheduled for January 14 to 17, 2025, in Frankfurt, Germany. TDAP plans to establ…
Karachi: Johar Kandahari, President of the Korangi Association of Trade and Industry (KATI), has lauded the Prime Minister Shahbaz Sharif’s recent decision to offer a three-month electricity rate discount to domestic consumers using up to 200 units. Wh…