Islamabad: Pakistan’s Consumer Price Index (CPI) is anticipated to fall to a 33-month low of 10.5% in July 2024, despite a 1.6% increase from the previous month. This decrease is largely attributed to a significant base effect from last year’s high inf…
Karachi: The Pakistan Stock Exchange (PSX) witnessed continued bullish activity with a focus on technology and fertilizer stocks, driven by investor anticipation of a policy rate reduction by the central bank scheduled for July 29, 2024. Despite these …
Karachi: VIS Credit Rating Company Limited (VIS) has officially withdrawn the entity ratings previously assigned to Allied Rental Modaraba (ARM). This decision follows a strategic demerger within the company, which resulted in significant structural ch…
Karachi: The VIS Credit Rating Company Limited (VIS) has finalized the rating of the Pakistan Telecommunication Company Limited’s (PTCL) second Short Term Sukuk issuance, which had a total volume of PKR 10 billion, inclusive of a PKR 5 billion green sh…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Frontier Foundry Steel Limited (FFSL) at ‘A/A-1’, indicating a stable credit outlook despite a challenging economic environment. The ratings reflect the company’s adequate …
Karachi: The VIS Credit Rating Company Limited has revised its outlook on Sheikhupura Textile Mills Limited (STML) from ‘Stable’ to ‘Positive’ while maintaining the entity’s ratings at ‘BBB/A-2’. This adjustment reflects an improvement in the company’s…