Karachi: VIS Credit Rating Company Limited (VIS) has assigned a preliminary rating of ‘AA- (plim)’ to the proposed Sukuk 2 issuance by Mughal Iron and Steel Industries Limited. The rating, indicating high credit quality, comes with a stable outlook, e…
Karachi: International Packaging Films Limited (IPAK) Group has reported a significant revenue increase of 61% for the six months ending December 31, 2024. The group’s consolidated revenue reached Rs 16.25 billion, up from Rs 10.08 billion in the same…
Karachi: Pakistan Business Forum (PBF) has issued a stark warning about the state of Pakistan’s economy, stressing that the current high electricity tariffs are undermining industrial growth, threatening businesses, and jeopardizing nationwide employm…
Karachi: Currency exchange rates exhibited minor fluctuations across various markets, as detailed in a recent report from the Exchange Companies Association of Pakistan. The report indicates changes in the buying and selling rates for several major cu…
Karachi: Gold prices in Pakistan experienced a significant rise, reflecting a parallel increase in international markets. The cost of gold per tola of 24 karat reached Rs. 309,500, marking an increase of Rs. 1,500 from previous rates.
According to a…
KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) introduced a pioneering lifetime guaranteed pension plan named the “Lifetime Kafalat Plan”, marking a significant milestone in Pakistan’s financial services sector. The launch event, held in Karachi, w…