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…
Karachi: VIS Credit Rating Company Limited has concluded the maturity rating of the Short Term Sukuk-2 issued by JDW Sugar Mills Limited, signaling the completion of the instrument valued at PKR 5.0 billion.According to VIS Credit Rating Company Limite…
Islamabad: Pakistan’s inflation rates have significantly decreased, hitting a nearly four-year low in September 2024, as the Consumer Price Index (CPI) fell to 6.9%, the lowest rate since January 2021. This decline is attributed to a combination of a f…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Punjab Thermal Power (Private) Limited at ‘AA’ for the medium to long term and ‘A-1’ for the short term, indicating a stable and high-quality credit status. The ratings ref…
Karachi: VIS Credit Rating Company Limited has downgraded the entity ratings of Sitara Textile Industries Limited (STIL) from ‘BBB+/A-2’ to ‘BB+/A-3’. The revision reflects concerns over the company’s ability to meet its financial obligations, particul…
New Delhi: In a significant policy shift, India has ended its ban on the export of non-basmati rice, setting a minimum export price of US$490 per ton in an effort to rejuvenate trade with Asian nations. This move is expected to impact rice prices regio…
Karachi: At the recent annual general meeting (AGM), Hub Power Company detailed its advancements and strategic plans across its power, electric vehicle (EV), and mining segments. The company highlighted its ongoing efforts in debt reduction, future EV …