Karachi: The State Bank of Pakistan has released the latest figures for the weighted average customer exchange rates as of April 22, 2025. The data includes buying and selling rates for a range of currencies, providing insight into the current state o…
Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for major currencies in the open market as of April 22, 2025. The data, sourced from the State Bank of Pakistan, indicates consistent buying and selling…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings for Umar Spinning Mills Private Limited at ‘BBB+/A2’, indicating adequate credit quality and good likelihood of timely repayment of short-term obligations. The outlook remain…
Karachi: BankIslami, a major player in the country’s Islamic banking sector, announced a Profit Before Tax (PBT) of PKR 5.49 billion for the first quarter ending March 31, 2025. Demonstrating a robust start to the year, the bank reported a 6.3% increa…
Karachi: VIS Credit Rating Company Limited (VIS) has assigned an “A1” rating to the Short Term Sukuk (STS) issued by RYK Mills Limited (RYKML). The rating, finalized on April 22, 2025, reflects a strong likelihood of timely repayment of the company’s …
Karachi: VIS Credit Rating Company Limited has placed the ratings of Mehboob Steel Pipe Industry under review. This decision follows a 12-month surveillance period during which detailed information was awaited to reach a conclusive evaluation.
The r…