Islamabad: Pakistan’s fiscal landscape has shown significant improvement as the country recorded a primary budget surplus of 0.9% of GDP in FY24, the first in 20 years, despite a fourth-quarter deficit of 0.6%. The annual fiscal deficit for FY24 improv…
Karachi: The Karachi Stock Exchange (KSE) faced another bearish day as investors continued to show a preference for selling due to tensions in the Middle East and a lack of immediate market triggers. The KSE-100 index closed at 77,887, down by 742 poin…
Karachi: The VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Ghotki Kandhkot Road and Bridge Company (Private) Limited (GRBC) at ‘A/A-2’, reflecting good credit quality and a stable outlook. This rating assessment comes a…
Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings for Madina (Pvt.) Limited (MPL) at ‘BBB/A-2’, reflecting adequate credit quality with stable outlook, despite ongoing challenges in the edible oil industry. This rating …
Karachi: The Pakistan Stock Exchange (PSX) experienced range-bound activity on Tuesday, reflecting investor neutrality after the State Bank of Pakistan (SBP) cut the policy rate by 100 basis points. Despite the subdued overall market movement, specific…
Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the credit ratings of Akhtar Textile Industries (Private) Limited (ATIL) at ‘A/A-2’, reflecting the company’s good credit quality and stable financial outlook despite the challenging texti…