Karachi: VIS Credit Rating Company Limited has placed the ratings of Mehboob Steel Pipe Industry under ‘Under Review’ status due to pending detailed information required to conclude the review process. The ratings have been under surveillance for the …
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Umar Spinning Mills Private Limited (USMPL) at ‘BBB+/A2’. These ratings indicate an adequate credit quality for medium to long-term obligations and a good likelihood of ti…
Karachi: Gold prices in Pakistan saw a significant increase on Tuesday, reflecting a broader trend in the international market. According to the All Pakistan Sarafa Gems and Jewellers Association, the price for one tola of 24 karat gold rose by Rs. 5,…
Karachi: Exchange rates for the U.S. dollar, euro, British pound, Japanese yen, United Arab Emirates dirham, and Saudi riyal experienced minor fluctuations on April 22, 2025, according to the Exchange Companies Association of Pakistan.
The U.S. dol…
Karachi: The automotive industry is witnessing a notable shift in earnings, with INDU expecting significant growth while HCAR faces a decline in profitability. INDU’s anticipated earnings for the third quarter of the fiscal year 2025 are projected to …
Karachi: Amaan Pracha, Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), emphasized the importance of boosting Pakistani exports to bring in essential foreign exchange. He urged Prime Minister Shahbaz Sharif and F…
KARACHI: Pakistan Chemicals and Dyes Merchants Association (PCDMA) has put forward a set of budget recommendations to the Federal Board of Revenue (FBR) aimed at alleviating the compliance burden on taxpayers and fostering trust between the business s…