FLASHNEWS:

Day: February 13, 2025

Aspin Pharma’s Short-Term Sukuk Receives ‘A1’ Rating from VIS

Karachi: VIS Credit Rating Company Limited has finalized the short-term rating of ‘A1’ for Aspin Pharma (Private) Limited’s Short-Term Sukuk issue, amounting to Rs. 2,000 million. This rating indicates a strong likelihood of timely repayment of short-…

SITE Industrialists Mourn Death of Prominent Business Leader

Karachi: The Patron-in-Chief of the SITE Association of Industry (SAI), Zubair Motiwala, alongside other prominent figures from the association, has expressed condolences on the death of AQ Khalil, a noted businessman and former President of the Karac…

Cement Dispatches See January Rebound with 14% Increase

Karachi: Cement dispatches in January 2025 reached 3.9 million tons, marking a 14 percent year-over-year increase, spurred by a 12 percent rise in local dispatches and a 30 percent surge in export volumes.

According to a statement by JS Global, this…

Nestlé Pakistan Reports 2024 Sales Decline Amid Tax Impact

Lahore: Nestlé Pakistan has announced its financial results for the year 2024, recording sales of PKR 193.2 billion, a decline of 3.7% from the previous year. The results were disclosed following a Board of Directors meeting at the company’s head offi…

Pakistan State Oil Reports Strong Earnings, Strengthens Liquidity

KARACHI: Pakistan State Oil Ltd. (PSO) posted impressive financial results for the second quarter of fiscal year 2025, reporting a significant profit after tax (PAT) of PKR7.2 billion. This marks a substantial improvement from a loss after tax (LAT) o…