Karachi: Cement dispatches in March 2025 recorded a 9% year-on-year decline, totaling 3.6 million tons. This decrease is primarily attributed to an 11% drop in local dispatches across both the North and South regions during the Ramadan season. Export …
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Foundation Securities (Pvt) Limited at ‘A/A2’, with a stable outlook. The long-term rating of ‘A’ indicates good credit quality and adequate protection factors, though ris…
Karachi: VIS Credit Rating Company Limited has begun a review of Universal Leather (Private) Limited, according to a recent announcement. The process, termed as “Review Initiated,” signifies that the company is undergoing a comprehensive rating evalua…
Karachi: VIS Credit Rating Company Limited has announced a review of Artistic Denim Mills Limited, marking a significant development for the denim manufacturing entity. The review process, described as a “Review Initiated,” indicates that a thorough e…
Karachi: The State Bank of Pakistan released updated exchange rates for mark-to-market revaluation by authorized dealers in foreign exchange, highlighting fluctuations across major currencies. The data reveals varied adjustments in the dollar, euro, p…
Karachi: Bank Alfalah, a prominent commercial bank in Pakistan, has announced a strategic collaboration with Swift to implement Payment Pre-validation, a solution aimed at enhancing the speed, accuracy, and security of cross-border transactions. This …