Karachi: Pak Aluminium Beverage Cans Ltd (PABC) is poised to report a significant 32% quarter-over-quarter increase in its earnings for the second quarter of 2024, anticipated to reach Rs3.31 per share. This surge is attributed to robust domestic sales…
Karachi: JazzCash, in partnership with Mobilink Microfinance Bank, has begun the initial disbursement of funds under the Benazir Income Support Program (BISP) across multiple locations in Hyderabad, Matiari, and Rahim Yar Khan. The initiative aims to d…
Karachi: VIS Credit Rating Company Ltd. (VIS) has reaffirmed the entity ratings of Intermarket Securities Limited (IMS) at ‘A-/A-2’, indicating stable credit quality with a developing outlook due to a forthcoming merger with EFG Hermes Pakistan Limited…
Islamabad: Pakistan’s remittances continued to show robust growth in July 2024, just shy of the US$3 billion threshold, marking a significant 48% increase year-over-year. This performance extends the trend of remittances surpassing US$2.8 billion for t…
Karachi: VIS Credit Rating Company Limited has assigned a preliminary ‘A-1’ rating to At-Tahur Limited’s proposed Short Term Sukuk, indicating a strong likelihood of timely repayment due to excellent liquidity factors and stable financial outlook.Accor…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its ratings for Tufail Chemical Industries Limited (TCIL) while placing the company under a rating watch, following a significant restructuring involving a split of the family bu…