Karachi: Pakistan’s current account deficit (CAD) significantly contracted to $681 million in FY24, a decrease of 79% year-over-year, achieving a near breakeven point at 0.2% of GDP, marking a 13-year low.According to JS Global, the notable decrease in…
Karachi: VIS Credit Rating Company Limited has officially withdrawn the entity ratings previously assigned to Ejaz Spinning Mills Limited, effective immediately. This decision follows the management’s directive to discontinue the ratings service.Accord…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Indigo Textile (Private) Limited at ‘A’ for medium to long-term and ‘A-1’ for short-term, indicating stable outlook and strong liquidity factors. This confirmation reflects…
Karachi: Atlas Honda Ltd (ATLH) has reinforced its position as the leading manufacturer of motorcycles in Pakistan, controlling 89% of the market in the current fiscal year, highlighted by a significant increase in earnings and market share expansion.A…
Karachi: VIS Credit Rating Company Limited (VIS) has revised the outlook on Rajby Industries’ credit ratings from stable to positive while maintaining the long-term and short-term entity ratings at ‘A-‘ and ‘A-2’, respectively. The ratings indicate goo…
Islamabad: Despite an anticipated drop in earnings per share, Pakistan’s banking sector is expected to maintain its dividend payments in the second quarter of CY2024. The banks are set to report a 16% decline in bottom-line performance compared to the …