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…
Karachi: Power generation in Pakistan reached a ten-month peak in June 2024, with a total output of 13,461 GWh, demonstrating a 7% increase month-over-month. This surge reflects heightened electricity demand from both domestic users, due to rising temp…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has assigned preliminary ratings to K-Electric Limited (KE), reflecting the company’s strategic role as a key power utility in Karachi and parts of Sindh and Balochistan. The ratings come at a …
Karachi: VIS Credit Rating Company Limited (VIS) has concluded the rating process for JDW Sugar Mills Limited’s (JDWSML) Short Term Sukuk, which had an issue size of PKR 8.0 billion.According to VIS Credit Rating Company Limited, the Sukuk, which inclu…
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…