Karachi, VIS Credit Rating Company Limited has officially withdrawn the ‘A-1’ (‘A-One’) rating previously assigned to the Short-term Sukuk instrument of Agha Steel Industries Limited (ASIL), following a management decision to discontinue the rating.Acc…

Karachi, VIS Credit Rating Company Limited has downgraded the instrument ratings for Agha Steel Industries Limited’s (ASIL) Sukuk-3 to ‘BB-‘ with a negative outlook, aligning with the entity’s medium to long-term ratings and reflecting potential econom…

Lahore, The VIS Credit Rating Company has reaffirmed the entity and short-term ratings of Agriauto Stamping Company (Pvt) Limited (ASC) at ‘A-/A-2’, signifying a stable credit outlook despite prevailing economic adversities.According to VIS Credit Rati…

Karachi, VIS Credit Rating Company Limited has downgraded the entity and short-term ratings of Agha Steel Industries Limited (ASIL) to ‘BB-/B-3’ from its previous position, indicating a negative outlook for the steel producer’s financial health.Accordi…

Karachi, The Pakistan Credit Rating Agency Limited (PACRA) has assigned a preliminary long-term rating of ‘AA’ and a short-term rating of ‘A1+’ to Lucky Electric Power Company Limited’s (LEPCL) forthcoming sukuk issuance, PPSTS-18, valuing PKR 7 billio…

Karachi, The Karachi Stock Exchange’s benchmark KSE100 index experienced a decline, closing 137 points down at 67,005, following a session of profit-taking across the board. This movement comes after the index recently reached an all-time high, indicat…

Karachi, Systems Limited (SYS) unveiled its financial results for the calendar year 2023 (CY23), reporting a consolidated profit of Rs8.7 billion, an increase of 31% year-on-year (YoY). The announcement followed a corporate briefing that provided insig…

Islamabad, Pakistan’s banking sector has reported a significant surge in non-performing loans (NPLs), hitting a 14-year high, as financial institutions maintained a cautious approach towards loan book expansion throughout the calendar year 2023 (CY23)….

Karachi, The Karachi Stock Exchange’s KSE-100 index is on a path to potentially surpass its recent peak, signaling a promising outlook for the near future, especially within the cement sector. Analysts predict a significant recovery, with technical ind…

Karachi, In a recent financial analysis, JS Global has reiterated its ‘Buy’ recommendation on Habib Metropolitan Bank (HMB), anticipating a robust return on investment fueled by the bank’s strategic focus on optimizing deposit costs and enhancing asset…