Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has openly criticized the imposition of tax notices amounting to PKR 60,000 per month on small traders and industries. The FPCCI leadership emphasized the negative impact of …
Karachi: At an emergency press conference, Johar Kandhari, President of the Korangi Association of Trade and Industry (Kati), called for the immediate release of a 33 billion rupee subsidy designated for Karachi’s industries. This demand comes in respo…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the asset manager rating of AL Habib Asset Management Limited (AHAML), reflecting the company’s enhanced market share and robust financial performance. The rating upgrade underscor…
Karachi: VIS Credit Rating Company Limited has assigned initial entity ratings to Trukkr Financial Services Limited, reflecting the company’s robust credit quality and promising financial outlook. The ratings assigned are ‘A-/A-2’, with a stable outloo…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its ratings for Tufail Chemical Industries Limited (TCIL) while placing the company under a rating watch, following a significant restructuring involving a split of the family bu…
Karachi: VIS Credit Rating Company Limited has assigned a preliminary ‘A-1’ rating to At-Tahur Limited’s proposed Short Term Sukuk, indicating a strong likelihood of timely repayment due to excellent liquidity factors and stable financial outlook.Accor…
Islamabad: Pakistan’s remittances continued to show robust growth in July 2024, just shy of the US$3 billion threshold, marking a significant 48% increase year-over-year. This performance extends the trend of remittances surpassing US$2.8 billion for t…