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Category: Business

Amreli Steels Faces Downgrade Amid Financial Struggles

Karachi: Amreli Steels Limited is navigating significant financial and operational challenges, leading to a downgrade in its credit rating by The Pakistan Credit Rating Agency Limited. The company, operating in the high-risk steel sector, has seen its…

PACRA Affirms Stability of Pak Qatar Asan Munafa Plan

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Pak Qatar Asan Munafa Plan under the Pak Qatar Islamic Cash Fund, underscoring its low-risk profile. The Plan continues to focus on generating compet…

FPCCI Criticizes Move for New Taxes on Existing Taxpayers

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed strong opposition to the potential imposition of new taxes on existing taxpayers in the forthcoming federal budget for the fiscal year 2025-26. The FPCCI has u…

OGDCL and IBA Karachi Collaborate to Launch Leadership Academy

Karachi: In a bid to cultivate future-ready leaders for Pakistan’s energy sector, the Oil and Gas Development Company Limited (OGDCL) and the Institute of Business Administration (IBA) Karachi have launched the OGDCL x IBA Leadership Academy. This nat…