Karachi, In a recent announcement, VIS Credit Rating Company Limited (VIS) has withdrawn its entity ratings for Magna Processing Industries (Pvt.) Limited (MPIL). This decision, effective immediately, comes due to the non-renewal of the rating contract…

Karachi, The entity ratings for IJ Plastic Industries (Pvt.) Limited (IJPIL) by VIS Credit Rating Company Limited (VIS) have been withdrawn. This action is effective immediately and results from the non-renewal of the rating contract, with the last ass…

Islamabad, The Pakistan Credit Rating Agency Limited (PACRA) has assigned an initial long-term rating of ‘A’ with a stable outlook to BankIslami Pakistan Limited (BIPL) for its ADT-1 Modaraba Sukuk II, valued at PKR 1 billion, as of February 2024. This…

Karachi, The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the entity ratings of Lucky Electric Power Company Limited (LEPCL) at ‘AA’ for long term and ‘A1+’ for short term, maintaining a stable outlook. These ratings reflect LEPCL’s con…

Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the entity ratings of Reliance Cotton Spinning Mills Limited at ‘A-‘ for the long term and ‘A2’ for the short term, maintaining a stable outlook. This decision reflects the compan…

Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has sustained the entity ratings of Shahzad Textile Mills Limited at ‘A-‘ for long-term and ‘A2’ for short-term, continuing its watch status due to the company’s financial strains and industry c…

New York, Oil marketing companies (OMCs) in March 2024 have reported a total sale of 1.15 million tons, marking an increase of 4% year-over-year and 3% month-over-month, As per a recent study by JS Global. The sales uptick, primarily in Motor Spirit (M…

Islamabad, JS Bank, a leading financial institution in Pakistan, has announced a significant achievement, surpassing PKR 500 billion in deposits. This milestone underscores the bank’s rapid growth and financial success, particularly highlighted by its …

Islamabad, Pakistan’s consumer price index (CPI) for March 2024 showed inflation at a 22-month low, marking the first instance of positive real interest rates since December 2020.According to JS Global, the CPI increased by 20.7% year-on-year while mon…

Karachi, VIS Credit Rating Company Limited has reaffirmed the entity ratings of Ittehad Chemicals Limited at ‘A-/A-2’, indicating a stable financial outlook. The ratings reflect good credit quality with sound liquidity factors and company fundamentals,…