Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has updated the entity ratings of Alfalah Securities (Private) Limited (ASPL), placing them on Rating Watch. ASPL, a mid-sized brokerage firm in Pakistan and a wholly-owned subsidiary of Bank …
Karachi: Engro Fertilizers Limited (EFERT) has announced a substantial decline in its financial performance for the first quarter of the calendar year 2025, with consolidated earnings dropping by 63% year-over-year. The company reported earnings of PK…
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: The Association of Chartered Certified Accountants (ACCA) has taken steps to strengthen Pakistan’s business landscape through a strategic partnership with the Overseas Investors Chamber of Commerce and Industry (OICCI). During her visit to Pa…
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: Pakistan’s Consumer Price Index (CPI) is projected to drop to 0.3% in April 2025, marking the lowest level in over six decades. The decline is largely attributed to a significant decrease in food inflation, which is anticipated to see a year-…