FLASHNEWS:

Day: November 20, 2024

VIS Reaffirms Ratings for Pakistan Cables Limited, Outlook Negative

Karachi: Pakistan Cables Limited (PCAL) has had its entity ratings reaffirmed at ‘A/A1’ (Single A/A One) by VIS Credit Rating Company Ltd. (VIS), maintaining the medium to long-term rating at ‘A’ and the short-term rating at ‘A1’. The outlook remains …

VIS Reaffirms Ratings for Malir Expressway Limited

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Malir Expressway Limited (MEL) at ‘A-/A2’.

According to VIS Credit Rating Company Limited, the medium to long-term rating of ‘A-‘ signifies good credit quality with ade…

Maple Leaf Cement Reports 7% Increase in Topline for FY24

Lahore: Maple Leaf Cement Factory Ltd. (MLCF) announced a 7% increase in its topline for FY24, reaching PkR66.4 billion, driven by improved retention prices. However, the company’s utilization fell to 45% due to weaker demand and increased capacity,