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…
Karachi: VIS Credit Rating Company Limited has assigned initial entity ratings to Trukkr Financial Services Limited, reflecting the company’s robust credit quality and promising financial outlook. The ratings assigned are ‘A-/A-2’, with a stable outloo…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the asset manager rating of AL Habib Asset Management Limited (AHAML), reflecting the company’s enhanced market share and robust financial performance. The rating upgrade underscor…
Islamabad: Pioneer Cement (PIOC) and Fauji Cement Co (FCCL) are poised for a notable uptick in their fourth-quarter earnings for fiscal year 2024, with analysts predicting substantial growth in profitability due to improved operational efficiencies and…