Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Indus Sugar Mills Limited at ‘A-/A-1’, indicating a stable outlook with a strong likelihood of timely repayment of short-term obligations. This rating reflects the company’…
Karachi: Interloop Ltd (ILP) retains its ‘Buy’ rating with a revised target price of Rs106, following the release of its annual report and adjustments to its financial forecasts due to macroeconomic changes and energy supply concerns.According to JS Gl…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its entity ratings for Mughal Iron and Steel Industries Limited, citing the company’s resilience in a challenging economic environment marked by subdued demand and rising operatio…
Karachi: The cement industry recorded subdued dispatches in the first quarter of fiscal year 2025, with a total of 10.3 million tons, marking a 13% decline year-over-year. This downturn was primarily due to significant drops in local dispatches, somewh…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed its ‘A+’ rating for the debt instrument (Sukuk) issued by Mughal Iron and Steel Industries Limited, reflecting the company’s resilience in a challenging economic climate marked by…
Karachi: Pakistani banks are poised to record their highest quarterly core income in the third quarter of 2024, driven by a notable decrease in funding costs relative to asset yields.According to JS Global, the comprehensive analysis of banks under the…