Islamabad, Pakistan’s banking sector has reported a significant surge in non-performing loans (NPLs), hitting a 14-year high, as financial institutions maintained a cautious approach towards loan book expansion throughout the calendar year 2023 (CY23)….

Karachi, The Karachi Stock Exchange’s KSE-100 index is on a path to potentially surpass its recent peak, signaling a promising outlook for the near future, especially within the cement sector. Analysts predict a significant recovery, with technical ind…

Karachi, In a recent financial analysis, JS Global has reiterated its ‘Buy’ recommendation on Habib Metropolitan Bank (HMB), anticipating a robust return on investment fueled by the bank’s strategic focus on optimizing deposit costs and enhancing asset…

Islamabad, In the second quarter of the fiscal year 2024, Pakistan’s textile sector witnessed a mixed bag of results, with an impressive year-over-year growth in revenues and profit after tax (PAT), but a decline when compared to the previous quarter, …

Karachi, This month has seen a normalization in power generation costs despite a noticeable decrease in power generation on both a month-on-month and year-on-year basis. February’s figures revealed a 14% drop from the previous month and an 8% decrease …

Karachi, In its latest monetary policy decision, the State Bank of Pakistan (SBP) has chosen to maintain the Policy Rate at 22%, a stance it has held since July 2023. Despite observing a declining trend in inflation, the Monetary Policy Committee (MPC)…

Karachi, VIS Credit Rating Company Limited (VIS) has officially withdrawn the instrument rating for Pakistan Telecommunication Company Limited (PTCL)’s Sukuk 1, which was initially rated at ‘AAA’ with a ‘Stable’ outlook. The decision comes as the antic…

Karachi, In a recent appeal to the Sindh government, the Korangi Association of Trade and Industry (KATI) has urged the administration to prioritize the development of industrial zones by allocating significant portions of the budget to these areas. KA…

Karachi, In a significant development for Pakistan’s telecommunication sector, VIS Credit Rating Company Limited has assigned a top-tier preliminary rating of ‘A-1+’ to Pakistan Telecommunication Company Limited’s (PTCL) upcoming Short-Term Sukuk III (…

Lahore, In the face of evolving market conditions, The Pakistan Credit Rating Agency (PACRA) has decided to maintain its entity ratings for Zahidjee Textile Mills Limited. The company, recognized for its strong market presence, has over time expanded i…