Karachi: Ana and Batla Industries (Private) Limited (ABI), a key player in Pakistan’s hygiene product market, has had its credit ratings reaffirmed by VIS Credit Rating Company Limited (VIS) at ‘BBB/A-2’ for medium to long-term and short-term obliga…
Karachi: VIS Credit Rating Company Limited (VIS) has recently assigned a preliminary rating of ‘A-1+ (plim)’ to Pakistan Telecommunication Company Limited’s (PTCL) upcoming PKR 5 billion Short-Term Sukuk VII (STS-VII). This top-tier rating signifies a…
Karachi: VIS Credit Rating Company Limited has upgraded the entity ratings of Thatta Cement Company Limited (TCCL) to ‘A/A-2’ from ‘A-/A-2’, reflecting good credit quality with stable prospects and a robust likelihood for timely repayment of short-ter…
Karachi: Silk Bank Limited’s application for an extension of its Annual General Meeting (AGM) was adjourned until September 12, 2024, by a court order, as the bank awaits further developments on its entity ratings which are currently under negative wa…
Karachi: In a significant move, the State Bank of Pakistan (SBP) has reduced its policy rate by 200 basis points to 17.5%, influenced by a greater-than-expected decline in inflation and favorable global oil and food prices. This adjustment reflects th…
Islamabad: The foreign currency exchange rates provided by the Exchange Companies Association of Pakistan for September 11 and 12, 2024, show minimal changes in the buying and selling rates across major currencies including the USD, EURO, and GBP.
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Karachi: At a recent event hosted by the Korangi Association of Trade and Industry (KATI), Chairman of Businessmen Group, Zubair Motiwala, emphasized the crucial role of industrialization in Pakistan’s development. The gathering, which focused on the …