Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its ‘AA+(f)’ stability rating for the ABL Money Market Fund, citing its continued low-risk profile and solid investment strategy aimed at preserving capital and generating compet…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Kohinoor Textile Mills Limited at ‘A+/A-1’. The long-term rating of ‘A+’ indicates a solid credit quality with adequate protection factors, though subject to variation from…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its ‘A’ long-term and ‘A1’ short-term ratings for Stylers International Limited, reflecting consistent performance and a stable outlook despite some shifts in product mix and pri…
Karachi: MCB Bank Limited (MCB) has reported a significant financial milestone, surpassing PKR 2 trillion in deposits and achieving a record profit before tax of PKR 95.1 billion for the nine-month period ended September 30, 2024. This marks an 8% incr…
Karachi: The third Annual Global Shari’ah Majlis, hosted by Standard Chartered Bank on Wednesday, emerged as a seminal event in the Islamic finance industry, discussing transformative strategies under the theme “Islamic Finance: Transforming for a Bett…
Karachi: FrieslandCampina Engro Pakistan Limited (FCEPL) announced a notable increase in its third-quarter profits for 2024, achieving growth despite new fiscal challenges and a changing consumer landscape. The company reported a 28% increase in year-t…