Karachi: VIS Credit Rating Company Limited (VIS) has assigned an “A1” rating to the Short Term Sukuk (STS) issued by RYK Mills Limited (RYKML). The rating, finalized on April 22, 2025, reflects a strong likelihood of timely repayment of the company’s …
Karachi: Engro Fertilizers Limited (EFERT) has announced a substantial decline in its financial performance for the first quarter of the calendar year 2025, with consolidated earnings dropping by 63% year-over-year. The company reported earnings of PK…
Karachi: BankIslami, a major player in the country’s Islamic banking sector, announced a Profit Before Tax (PBT) of PKR 5.49 billion for the first quarter ending March 31, 2025. Demonstrating a robust start to the year, the bank reported a 6.3% increa…
Karachi: The Association of Chartered Certified Accountants (ACCA) has taken steps to strengthen Pakistan’s business landscape through a strategic partnership with the Overseas Investors Chamber of Commerce and Industry (OICCI). During her visit to Pa…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings for Umar Spinning Mills Private Limited at ‘BBB+/A2’, indicating adequate credit quality and good likelihood of timely repayment of short-term obligations. The outlook remain…
Karachi: Pakistan’s Consumer Price Index (CPI) is projected to drop to 0.3% in April 2025, marking the lowest level in over six decades. The decline is largely attributed to a significant decrease in food inflation, which is anticipated to see a year-…