FLASHNEWS:

Day: January 20, 2025

Cyan Limited’s Ratings Reaffirmed by VIS

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Cyan Limited at ‘A/A1’, indicating good credit quality and a strong likelihood of timely repayment of short-term obligations. The outlook on the ratings remains stable, ma…

VIS Withdraws Ratings for Lakeside Energy Limited

KARACHI: VIS Credit Rating Company Limited has announced the withdrawal of entity ratings for Lakeside Energy Limited, effective immediately, following a decision by the company’s management to discontinue the ratings. This move comes after the last r…

PARCO MD Celebrates Project Success with Descon Engineering

Lahore: The Managing Director of PARCO, Irteza Ali Qureshi, visited Descon Engineering’s head office to celebrate the successful completion of a significant Turnaround project. The visit marked a significant recognition of Descon’s technical expertise…

Currency Exchange Rates Show Marginal Changes in Key Currencies

Karachi: New exchange rates released by the Exchange Companies Association of Pakistan indicate slight fluctuations in the buying and selling prices of major currencies as of January 20, 2025, compared to two days earlier.

According to a statement b…

Power Generation Sees Slight Yearly Growth, Costs Down

ISLAMABAD: Power generation in December 2024 experienced a modest 1 percent year-on-year increase, reaching 7,801 gigawatt-hours (GWh), according to data released by the National Electric Power Regulatory Authority (NEPRA).

According to a statement…

UBG Offers Condolences on Losses of Prominent Business Figures

Karachi: The United Business Group (UBG) has expressed condolences following the passing of two significant figures in the business community. The President of UBG, Zubair Tufail, along with other senior members, conveyed their sorrow over the deaths …