Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Al Ameen Islamic Income Fund (AIIF), a medium-risk profile, Shariah-compliant income fund. AIIF aims to deliver competitive returns through investment…
Karachi: Pakistan’s Consumer Price Index (CPI) registered at 12.6% for June 2024, marking a notable decrease from 29% a year earlier and bringing the FY24 average CPI to 23.9%. Despite a monthly uptick in June, the annual inflation rate has softened si…
Islamabad: In a collaborative effort to make car ownership more accessible, Bank AL Habib and Indus Motors Company have introduced a new promotional campaign, offering discounted financing rates and insurance benefits. This campaign aims to provide cus…
Islamabad: Bank Alfalah has recently been awarded the highest credit rating of ‘AAA’ by the Pakistan Credit Rating Agency (PACRA). This top-tier rating reflects the bank’s robust financial health and its ongoing commitment to operational excellence.Acc…
Karachi: In a recent evaluation, VIS Credit Rating Company Limited (VIS) has elevated the entity ratings of The Organic Meat Company Limited (TOMCL) from ‘A-/A-2’ to ‘A/A-1’, reflecting the company’s strengthened financial profile and promising market …
Lahore: VIS Credit Rating Company Limited (VIS) has assigned a preliminary rating of ‘A-1+’ to the proposed Short-Term Sukuk (STS-27) of K-Electric Limited (KE). The rating indicates the highest certainty of timely payment, reflecting KE’s excellent sh…