Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Primus Leasing Limited (‘PLL’ or the ‘NBFC’) at ‘A+/A1’ (Single A Plus/A One). The long-term rating of ‘A+’ indicates good credit quality with adequate protection fa…
Switzerland: Tetra Laval, the conglomerate comprising Tetra Pak, Sidel, and DeLaval, has announced its commitment to aid those impacted by the recent floods in Spain’s Valencia region. In a display of solidarity, the group has expressed its sympathy f…
Karachi: The Union of Small and Medium Enterprises (UNISAME) has expressed its appreciation for the collaborative efforts between the Small and Medium Enterprises Development Authority (SMEDA) and the Board of Investment (BOI) in implementing over 170…
Karachi: FCL has announced a significant rise in its Net Profit After Tax (NPAT) for the fiscal year 2024, reaching PkR1.89 billion, which translates to earnings per share of PkR3.0, marking a 9% year-on-year increase. This improvement was primarily a…
Lahore: Lucky Cement posted standalone profitability of PkR6.6 billion (EPS: PkR22.4) in the first quarter of FY25, marking a 5% decline from PkR6.9 billion (EPS: PkR23.6) in the same period last year. This decrease is primarily attributed to a contra…
Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has been elected as the Vice President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) for the 2024-2026 …
Karachi: The exchange rates for several major currencies saw fluctuations on November 12, 2024, with notable changes observed in the buying and selling rates of the British Pound (GBP) and the Euro (EURO). The data released indicates a decrease in the…