FLASHNEWS:

Day: January 14, 2025

VIS Reaffirms Ratings for Lahore Sialkot Motorway Management Firm

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Lahore Sialkot Motorway Infrastructure Management (Pvt.) Limited (LSMIML) at ‘A-/A2’, reflecting strong credit quality and a stable outlook. This decision underscores the …

Siemens Pakistan Reports Annual Loss Despite Revenue Growth

KARACHI: Siemens (Pakistan) Engineering reported a significant loss of PkR2.0 billion for the fiscal year 2024, a stark contrast to the profit of PkR970.8 million recorded in FY23. Despite an increase in revenue, the company faced challenges that cont…

Currency Rates Show Marginal Changes in Pakistan

Karachi: The exchange rates for several major currencies, including the US dollar, euro, and British pound, displayed slight variations in Pakistan over a one-day period, reflecting ongoing fluctuations in the interbank market. These adjustments are p…

Bank Alfalah Joins Forces with TCF to Rebuild Flood-Hit Areas

Islamabad: Bank Alfalah has announced a significant collaboration with The Citizens Foundation (TCF) to support communities affected by the 2022 floods in Pakistan. The initiative, part of Bank Alfalah’s Flood Relief Program, allocates an additional P…