KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the entity ratings of K-Electric Limited, the sole vertically integrated power utility in Pakistan. The affirmation comes amid the company’s ongoing efforts to ensure a stable pow…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Masood Textile Mills Limited, highlighting the company’s robust position in the value-added textile sector. The company’s strategic focus on high-margin, fa…
Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), led by its President Atif Ikram Sheikh, has secured a commitment from the Federal Minister for Maritime Affairs, Junaid Anwar Chaudhry, to establish Pakistan’s own shipping…
Karachi: The HBL Pakistan Manufacturing Purchasing Managers’ Index (PMI) fell to an eight-month low of 51.1 in May, down from 51.9 in April, highlighting a slowdown in business activity amid geopolitical unrest and supply chain disruptions. Analysts h…
KARACHI: A wave of confusion has engulfed Pakistan’s trading community as the Federal Board of Revenue (FBR) grapples with the implementation of a contentious new tax regulation. The Pakistan Chemicals and Dyes Merchants Association (PCDMA) has critic…
Karachi: The KSE-100 index experienced a significant surge, gaining 1,573 points to close at 120,451, with 577 million shares traded. The top performers in terms of price changes were FABL, NATF, and PKGP, while POML, HALEON, and PABC saw declines. Tr…