Karachi: Urea sales are predicted to see a recovery in November 2024, reaching an estimated 649,000 tons, marking a 6% year-over-year increase and hitting an eight-month high. This projection comes despite a cumulative decline in overall urea off-take…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Pak Qatar Daily Dividend Plan, a constituent of the Pak Qatar Islamic Cash Fund, at AA(f) with a stable outlook. This rating reflects the fund’s low-…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Pak Qatar Cash Plan under the Pak Qatar Islamic Cash Fund at AA(f), with a stable outlook. The rating signifies a low-risk profile, reflecting the Fu…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has updated its entity ratings for Mughal Energy Limited (MEL), maintaining the long-term rating at ‘A’ and the short-term rating at ‘A2’, while revising the outlook from ‘Stable’ to ‘Developin…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Oil & Gas Development Company Limited (OGDCL) at ‘AAA/A1+’ with a stable outlook. These ratings reflect OGDCL’s robust financial health, industry leadership, and commi…
Karachi: A notable increase in petroleum sales was observed in November 2024, with the Oil Marketing Companies (OMC) industry reporting a 15% year-on-year growth in sales volumes.
According to JS Global, this uptick is attributed to the low base fr…