Karachi: The currency exchange rates in Pakistan experienced slight fluctuations, with marginal changes noted in the buying and selling prices of major foreign currencies. This was observed in the rates released by the Exchange Companies Association o…

Karachi: Engro Holdings Limited has announced the appointment of Abdul Samad Dawood as its Chief Executive Officer, effective January 3, 2025. The strategic decision comes as part of the company’s restructuring efforts to streamline operations and enh…

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Matco Foods Limited at ‘BBB+/A2’, indicating adequate credit quality with reasonable protection factors and good certainty of timely payments. The outlook on the ratings r…

Karachi: VIS Credit Rating Company Limited has issued a preliminary rating of ‘A1 (plim)’ for Matco Foods Limited’s proposed short-term sukuk worth PKR 2,500 million, which includes a Green Shoe Option of up to PKR 1,000 million. This rating suggests …

Karachi: VIS Credit Rating Company Limited (VIS) has announced the withdrawal of the entity rating for Fauji Fertilizer Bin Qasim Limited (FFBL), rated ‘AA+/A1+’ (Double A Plus/A One Plus), following a successful merger with Fauji Fertilizer Company L…

Karachi: VIS Credit Rating Company Ltd. has withdrawn the entity ratings for Intermarket Securities Limited, which were previously rated A- and placed under ‘Rating Watch – Developing’. This action comes as a result of the company’s merger with EFG He…