KARACHI: Siemens (Pakistan) Engineering reported a significant loss of PkR2.0 billion for the fiscal year 2024, a stark contrast to the profit of PkR970.8 million recorded in FY23. Despite an increase in revenue, the company faced challenges that cont…
Lahore: Azerbaijan is set to strengthen its economic ties with Pakistan by opening a Trade Center in Lahore, marking a significant step towards enhancing bilateral trade, investment, and business-to-business relations. The announcement was made by Kha…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Lahore Sialkot Motorway Infrastructure Management (Pvt.) Limited (LSMIML) at ‘A-/A2’, reflecting strong credit quality and a stable outlook. This decision underscores the …
Karachi: VIS Credit Rating Company Limited has withdrawn the entity ratings assigned to Cotton Web Limited, effective immediately, following the management’s decision to discontinue the ratings. The previous rating action for the company was announced…
Lahore: The Bank of Punjab has sustained its strong financial standing as the Pakistan Credit Rating Agency Limited (PACRA) affirmed the bank’s long-term credit rating at AA with a stable outlook, according to a recent press release. The rating reflec…
Karachi: The Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), Sheikh Umer Rehan, has praised the historic visit of a Pakistani business delegation to Bangladesh, marking the first such visit in 12 years. This development is seen as…