Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed AKIK Capital (Pvt) Ltd’s Broker Fiduciary Rating at ‘BFR3’ with a stable outlook, indicating the brokerage maintains good fiduciary standards as of August 16, 2024. This evaluation follows…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Faisalabad Oil Refinery (Pvt.) Limited (FORL) at ‘A-/A-2’, indicating a stable outlook for both long-term and short-term financial obligations. The ratings reflect the comp…
Islamabad: In a significant turn within Pakistan’s financial landscape, the private sector credit has exhibited notable growth, signaling a nascent recovery across several industry segments. This comes as the country enters a monetary easing cycle for …
Karachi: The IT industry in Pakistan is facing severe challenges that could jeopardize its future, Convener of the IT Committee at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and a member of the Pakistan Software Houses Associa…
Karachi: FrieslandCampina Engro Pakistan Limited (FCEPL) has announced a robust financial performance for the first half of 2024, achieving a 17% increase in revenue amidst a difficult economic landscape. The company also maintained its gross profit ma…
Karachi: During a luncheon honoring Deputy Commissioner Korangi Masood Bhutto, Johar Qandhari, President of the Korangi Association of Trade and Industry (KATI), praised the local business community’s resilience in maintaining industrial and commercial…