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…
Islamabad: The fertilizer sector is experiencing significant shifts in demand patterns as of September 2024, with urea off-take expected to decline sharply by 35% year-over-year, totaling 365,000 tons. Meanwhile, Diammonium Phosphate (DAP) sales are pr…