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Category: Business

VIS Reaffirms Ratings for Unity Foods Amid Economic Challenges

Karachi: VIS Credit Ratings Company Ltd. (VIS) has reaffirmed the entity ratings of Unity Foods Limited (UFL) at ‘A/A2’, indicating a good credit quality with adequate protection factors, albeit with a ‘Negative’ outlook due to potential economic fluc…

Citi Pharma Limited’s Short-Term Sukuk Receives ‘A1’ Rating

Karachi: VIS Credit Rating Company Limited has finalized a short-term rating of ‘A1’ for the Short-Term Sukuk (STS) issuance of Rs. 1,500 million by Citi Pharma Limited. The rating suggests a strong likelihood of timely repayment of short-term obligat…

PSO Reports PKR 11.2 Billion Profit in 1HFY25

Karachi: Pakistan State Oil (PSO) delivered a stable performance for the first half of the fiscal year 2025, announcing a net profit of PKR 11.2 billion alongside gross sales totaling PKR 1.74 trillion.

According to a statement by Pakistan State Oi…