Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Punjab Thermal Power (Private) Limited at ‘AA’ for the medium to long term and ‘A-1’ for the short term, indicating a stable and high-quality credit status. The ratings ref…
Karachi: VIS Credit Rating Company Limited has downgraded the entity ratings of Sitara Textile Industries Limited (STIL) from ‘BBB+/A-2’ to ‘BB+/A-3’. The revision reflects concerns over the company’s ability to meet its financial obligations, particul…
New Delhi: In a significant policy shift, India has ended its ban on the export of non-basmati rice, setting a minimum export price of US$490 per ton in an effort to rejuvenate trade with Asian nations. This move is expected to impact rice prices regio…
Karachi: At the recent annual general meeting (AGM), Hub Power Company detailed its advancements and strategic plans across its power, electric vehicle (EV), and mining segments. The company highlighted its ongoing efforts in debt reduction, future EV …
Karachi: Pak Elektron Limited (PAEL) announced a positive financial trajectory and strategic focus towards the North American export market during its latest analyst briefing. The company recorded a significant rise in its earnings per share (EPS) for …
Islamabad: The Pakistan Credit Rating Agency Limited (PACRA) has retained the entity ratings of My Petroleum (Pvt.) Limited, affirming its long-term rating at BBB+ and short-term at A2 with a stable outlook. The decision reflects the consistent financi…