Karachi: VIS Credit Rating Company Limited has issued a preliminary rating of ‘A1 (plim)’ for Matco Foods Limited’s proposed short-term sukuk worth PKR 2,500 million, which includes a Green Shoe Option of up to PKR 1,000 million. This rating suggests …
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Matco Foods Limited at ‘BBB+/A2’, indicating adequate credit quality with reasonable protection factors and good certainty of timely payments. The outlook on the ratings r…
Karachi: Engro Holdings Limited has announced the appointment of Abdul Samad Dawood as its Chief Executive Officer, effective January 3, 2025. The strategic decision comes as part of the company’s restructuring efforts to streamline operations and enh…
Karachi: The currency exchange rates in Pakistan experienced slight fluctuations, with marginal changes noted in the buying and selling prices of major foreign currencies. This was observed in the rates released by the Exchange Companies Association o…
Karachi: Bank AL Habib Limited has maintained its long-term AAA rating, reflecting its strategic efforts to strengthen its position within the competitive banking sector.
According to The Pakistan Credit Rating Agency Limited, the bank has focused …
Karachi: Cement dispatches in Pakistan for December 2024 reached 4.2 million tons, marking a 2% year-on-year increase, primarily fueled by a significant 49% year-on-year rise in exports. Conversely, domestic demand witnessed a 5% year-on-year decline….