Islamabad, In the second quarter of the fiscal year 2024, Pakistan’s textile sector witnessed a mixed bag of results, with an impressive year-over-year growth in revenues and profit after tax (PAT), but a decline when compared to the previous quarter, …

Karachi, This month has seen a normalization in power generation costs despite a noticeable decrease in power generation on both a month-on-month and year-on-year basis. February’s figures revealed a 14% drop from the previous month and an 8% decrease …

Karachi, In its latest monetary policy decision, the State Bank of Pakistan (SBP) has chosen to maintain the Policy Rate at 22%, a stance it has held since July 2023. Despite observing a declining trend in inflation, the Monetary Policy Committee (MPC)…

Karachi, VIS Credit Rating Company Limited (VIS) has officially withdrawn the instrument rating for Pakistan Telecommunication Company Limited (PTCL)’s Sukuk 1, which was initially rated at ‘AAA’ with a ‘Stable’ outlook. The decision comes as the antic…

Karachi, In a recent appeal to the Sindh government, the Korangi Association of Trade and Industry (KATI) has urged the administration to prioritize the development of industrial zones by allocating significant portions of the budget to these areas. KA…

Karachi, In a significant development for Pakistan’s telecommunication sector, VIS Credit Rating Company Limited has assigned a top-tier preliminary rating of ‘A-1+’ to Pakistan Telecommunication Company Limited’s (PTCL) upcoming Short-Term Sukuk III (…

Lahore, In the face of evolving market conditions, The Pakistan Credit Rating Agency (PACRA) has decided to maintain its entity ratings for Zahidjee Textile Mills Limited. The company, recognized for its strong market presence, has over time expanded i…

Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed its rating for the Faysal Financial Sector Opportunity Fund (FFSOF), highlighting the Fund’s moderate risk standing. The Fund aims to deliver competitive returns to its stakeholde…

Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has maintained the rating of the Faysal Money Market Fund (FMMF), emphasizing the Fund’s low-risk stance. FMMF’s primary aim is to produce competitive returns with minimal risk while ensuring li…

Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has reconfirmed the stability rating for the Atlas Sovereign Fund (“ASF” or the “Fund”), accentuating the Fund’s medium-risk profile. Aimed at rendering competitive yields to its unit-holders wh…