Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Sapphire Textile Mills Limited at ‘A+/A-1’, indicating good credit quality with strong liquidity factors and a stable outlook. The long-term rating reflects an adequate pro…
Karachi: The textile sector in Pakistan experienced mixed financial outcomes in fiscal year 2024. While the sector saw a 22% year-over-year increase in revenue, attributed to stronger exports, earnings were negatively impacted by a combination of margi…
Karachi: JS Bank has significantly expanded its Business Banking services to better meet the financial management needs of businesses across Pakistan. Recognizing the diverse challenges faced by enterprises, JS Bank has developed a suite of services ai…
Karachi: Jazz, a leading digital service provider in Pakistan, has entered into a strategic partnership with Mercantile, the authorized distributor for Apple in Pakistan and South Asia, to bring the iPhone 16 series to Pakistani consumers. This move is…
Karachi: VIS Credit Rating Company Ltd. has reaffirmed the entity ratings of Growth Securities (Private) Limited (GSPL) at ‘A-/A-2’ for long-term and short-term creditworthiness, respectively, adjusting the outlook from ‘Negative’ to ‘Stable’. This cha…
Karachi: VIS Credit Rating Company Ltd. has affirmed the entity ratings of Taurus Securities Limited at ‘A/A-2’ and upgraded the outlook from ‘Negative’ to ‘Stable’. This update reflects the company’s sustained creditworthiness amid improved financial …
Karachi: The stock market witnessed continued upward momentum as the KSE-100 index hit a new record, closing at 82,722, an increase of 755 points. Major companies listed revealed specific strategies aimed at capitalizing on this bullish trend. The mark…