Karachi: Meezan Bank, Pakistan’s leading Islamic bank, has entered into a strategic alliance with CashNow, Pakistan’s pioneering supply chain finance platform, to revolutionize Shariah-compliant supply chain finance. A Memorandum of Understanding (MoU…
Karachi: MACPAC Films Ltd. (MACFL) recently held its corporate briefing to discuss the financial performance for the fiscal year 2024 (FY24) and outline its future strategies. The company reported a slight increase in revenue, registering PkR5.6 billi…
Lahore: The Pakistan Credit Rating Agency Limited has announced that it is maintaining the entity ratings for Glamour Textile Mills Limited, reflecting the company’s sustained performance despite significant industry challenges. The ratings for Glamou…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its rating of HBL Microfinance Bank Limited’s (HBL MfB) Tier 2 Capital Term Finance Certificate (TFC) at ‘A’ with a stable outlook. This decision sustains the evaluation from ea…
Karachi: PACRA has announced that it will maintain the A+ long-term and A1 short-term entity ratings for Sapphire Fibres Limited (SFL), citing the company’s stable outlook. The decision highlights the company’s robust standing within the Sapphire Grou…
Lahore: Mughal Iron & Steel Industries Limited, a significant entity in the steel sector, has been assigned initial ratings for its debt instruments by PACRA. The long-term rating stands at A+, while the short-term rating is A1, with a stable outl…