Karachi: NIMIR Industrial Chemicals Limited (NICL), a prominent player in the oleochemicals and chlor alkali product sectors, continues to navigate a complex economic environment with strategic adaptability. Despite facing macroeconomic challenges such…
Karachi: The VIS Credit Rating Company Limited (VIS) has issued an initial Fund Stability Rating (FSR) of ‘AA(f)’ to Faysal Islamic Sovereign Plan-I (FISP-1), indicating a high degree of stability in the fund’s Net Asset Value. This rating reflects mod…
Karachi: The cement sector recorded a downturn in June 2024, with dispatches falling to 3.55 million tons, marking a 13% year-over-year and a 17% month-over-month decrease. This contributed to an annual tally of 45.29 million tons for FY24, which, desp…
Karachi: The VIS Credit Rating Company Limited (VIS) has affirmed the entity ratings of The Searle Company Limited (TSCL) at ‘AA-/A-1’, reflecting high credit quality and a stable financial outlook. The long-term ‘AA-‘ rating denotes strong protection …
Karachi: VIS Credit Rating Company Ltd. (VIS) has reaffirmed the Broker Fiduciary Rating of Multiline Securities Limited (MSL) at ‘BFR3+’, indicating a stable outlook. This announcement follows the previous rating action from May 2, 2023, underscoring …
Karachi: Despite an expected sharp recovery in June sales for major auto assemblers like PSMC, INDU, and HCAR, FY24 total auto sales are anticipated to drop to a 21-year low. This comes amid sustained negative trends in auto financing and increasing ma…