Karachi: VIS Credit Rating Company Limited (VIS) has announced the maturity of the rating for the Short Term Sukuk-1 (STS-1) issued by Al-Karam Textile Mills (Private) Limited. The sukuk, valued at PKR 4.0 billion, has reached its maturity following i…
Karachi: United Bank Ltd (UBL) has reported a notable increase in its net profit after tax (NPAT) for the first quarter of the calendar year 2025, amounting to PkR36.1 billion, a significant rise of 126% year-on-year and 39% quarter-on-quarter. The ba…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Gohar Textile Mills (Pvt.) Limited at ‘A+/A1’, indicating a stable outlook for the textile manufacturer despite ongoing economic challenges. The ratings reflect the compan…
Karachi: VIS Credit Rating Company Limited has maintained the entity ratings of Ahmed Oriental Textile Mills Limited at ‘A-/A2’, indicating good credit quality with adequate protection factors. The outlook on these ratings has been revised to “Stable”…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Arshad Textile Mills Limited at ‘BBB-/A2’, indicating adequate credit quality and a good likelihood of timely short-term repayment. The stable outlook reflects the company…
Karachi: The State Bank of Pakistan has made public the weighted average customer exchange rates for several major foreign currencies. The latest figures, dated April 15, 2025, show the buying and selling rates for ten currencies, reflecting the fluct…