Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed its ratings for Ghulam Rasool & Company (Pvt.) Limited, maintaining both its long-term rating at A- and short-term rating at A2. The outlook has been upgraded from stable to po…
Karachi: Urea sales are predicted to see a recovery in November 2024, reaching an estimated 649,000 tons, marking a 6% year-over-year increase and hitting an eight-month high. This projection comes despite a cumulative decline in overall urea off-take…
Karachi: LOTCHEM, the sole producer of Purified Terephthalic Acid (PTA) in Pakistan, announced a significant rise in its revenue by 43% for the first nine months of the calendar year 2024, reaching PkR88.9 billion compared to PkR62.1 billion in the sa…
Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) has announced reaching a significant milestone by surpassing PKR 50 billion in Assets Under Management (AUM) within its first two years of operations. This accomplishment places PQAMC among t…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has updated its entity ratings for Mughal Energy Limited (MEL), maintaining the long-term rating at ‘A’ and the short-term rating at ‘A2’, while revising the outlook from ‘Stable’ to ‘Developin…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Oil & Gas Development Company Limited (OGDCL) at ‘AAA/A1+’ with a stable outlook. These ratings reflect OGDCL’s robust financial health, industry leadership, and commi…