Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Tower Power (Private) Limited (TPL) at ‘A-/A2’. These ratings reflect a good credit quality with adequate protection factors and a stable outlook, according to a pre…
LAHORE: Nestle Pakistan reported a 7.4% decline in net sales for the first quarter of 2025, with revenue standing at PKR 50.4 billion for the period ending March 31. The company attributed the decline primarily to subdued consumer demand, stemming fro…
Karachi: VIS Credit Rating Company Limited has reaffirmed the medium to long-term Sukuk ratings of Sitara Chemical Industries Limited (SCIL) at ‘AA-‘ (Double A Minus). This rating indicates high credit quality with strong protection factors, though ri…
Karachi: The State Bank of Pakistan has disclosed the utilization figures for its overnight repo and reverse repo facilities on April 24, 2025. According to the data released by the central bank, a single institution accessed the repo facility, borrow…
Karachi: Lucky Cement Ltd (LUCK), Pioneer Cement Ltd (PIOC), and Attock Cement Pakistan Ltd (ACPL) are expected to report varying earnings performances for the third quarter of fiscal year 2025, according to projections from JS Global.
LUCK is antic…
Lahore: MCB Bank Limited has reported strong earnings for the first quarter of 2025, showcasing its resilience amid economic challenges. The bank’s Board of Directors, led by Chairman Mian Mohammad Mansha, approved the financial statements for the qua…