Karachi: The VIS Credit Rating Company Limited (VIS) has issued an initial Fund Stability Rating (FSR) of ‘AA(f)’ to Faysal Islamic Sovereign Plan-I (FISP-1), indicating a high degree of stability in the fund’s Net Asset Value. This rating reflects mod…

Karachi: The cement sector recorded a downturn in June 2024, with dispatches falling to 3.55 million tons, marking a 13% year-over-year and a 17% month-over-month decrease. This contributed to an annual tally of 45.29 million tons for FY24, which, desp…

Karachi: The VIS Credit Rating Company Limited (VIS) has affirmed the entity ratings of The Searle Company Limited (TSCL) at ‘AA-/A-1’, reflecting high credit quality and a stable financial outlook. The long-term ‘AA-‘ rating denotes strong protection …

Karachi: VIS Credit Rating Company Ltd. (VIS) has reaffirmed the Broker Fiduciary Rating of Multiline Securities Limited (MSL) at ‘BFR3+’, indicating a stable outlook. This announcement follows the previous rating action from May 2, 2023, underscoring …

Karachi: Despite an expected sharp recovery in June sales for major auto assemblers like PSMC, INDU, and HCAR, FY24 total auto sales are anticipated to drop to a 21-year low. This comes amid sustained negative trends in auto financing and increasing ma…

Karachi: VIS Credit Rating Company Limited (VIS) has updated its entity ratings for Naveena Steel Mills (Pvt.) Limited (NSML) to ‘A-/A-2’ for medium to long-term and short-term respectively, reflecting good credit quality with sound liquidity factors. …

Karachi: The Karachi Stock Exchange (KSE-100) experienced a volatile trading day that began on a positive note, only to be interrupted by a fire at the PSX premises which caused trading to halt for approximately two hours. Despite the disruption, the m…

Karachi: VIS Credit Rating Company Limited has assigned a short-term rating of ‘A-1+’ to the Short Term Sukuk IV issued by Pakistan Telecommunication Company Limited (PTCL), indicating the highest certainty of timely payment with exceptional liquidity …

Karachi: Pak Elektron Limited (PEL), a leading engineering corporation in Pakistan, has retained its entity ratings amid fluctuating demand across its two major divisions, as per the latest review by The Pakistan Credit Rating Agency Limited (PACRA).Ac…

Karachi: Bill Winters, Group CEO of Standard Chartered Bank, visited the Overseas Investors Chamber of Commerce and Industry (OICCI) on July 5, engaging with top executives about Pakistan’s economic opportunities and challenges.According to Standard Ch…