FLASHNEWS:

Day: January 16, 2025

KATI Mourns the Loss of a Respected Maternal Figure

Karachi: The Korangi Association of Trade and Industry (KATI) has expressed deep condolences over the passing of the widow of the late SM Munir, who was also the mother of United Business Group (UBG) and KATI Patron-in-Chief SM Tanveer, SM Irfan, and …

Pakistan’s Large-Scale Manufacturing Sees Continued Decline

Karachi: Large Scale Manufacturing (LSM) in Pakistan has recorded a year-on-year decline of 3.8% in November 2024, marking the fourth instance of negative growth in the past six months. This downturn has contributed to a cumulative negative growth of …

PCJCCI and GREF Discuss Strategies to Boost Regional Economic Ties

Lahore: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) held a significant meeting with the Golden Ring Economic Forum (GREF), focusing on strategies to enhance regional economic collaboration. The discussion centered on innovative …

VIS Assigns ‘BFR3’ Rating to Pearl Securities Limited

Karachi: VIS Credit Rating Company Ltd. has assigned an initial Broker Fiduciary Rating of ‘BFR3’ to Pearl Securities Limited, marking the brokerage firm as maintaining good fiduciary standards with a stable outlook.

According to a statement by VIS …

PACRA Affirms Ratings for Loads Limited Amidst Economic Challenges

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its entity ratings for Loads Limited, a notable manufacturer in Pakistan’s automotive sector. The company’s long-term rating remains at ‘A’ and short-term rating at ‘A1,’ with a…