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Category: Business

VIS Reaffirms Ratings for Oil Industries Pakistan Limited

Karachi: VIS Credit Rating Company Limited has reaffirmed its entity ratings for Oil Industries Pakistan Limited (OIPL) at ‘A-/A2’, maintaining a ‘Stable’ outlook. The affirmation reflects OIPL’s good credit quality and adequate protection factors for…

PACRA Affirms Stable Rating for Spectrum Securities Limited

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the Broker Fiduciary Rating (BFR) of Spectrum Securities Limited at BFR 3+ with a stable outlook. The decision, disseminated on November 21, 2024, reflects the company’s continu…

Mughal Iron & Steel Projects Growth Despite Earnings Decline

Karachi: Mughal Iron & Steel Industries Limited (MUGHAL) held a corporate briefing to discuss the financial results for the fiscal year 2024 and future projections. The company reported a 43% year-over-year decline in earnings amounting to Rs2 bil…