Islamabad, Fauji Cement Company Ltd (FCCL) and DG Khan Cement Company Ltd (DGKC) are set to disclose mixed financial results for the third quarter of fiscal year 2024. FCCL is expected to see a decline in earnings due to increased depreciation expenses…
Karachi, Despite experiencing a decline in profits during the first quarter of 2024, Pakistani banks are expected to maintain their dividend payouts. As per the latest forecasts by JS Research, banks under its coverage are anticipated to report a signi…
Islamabad, The profitability of major Pakistani fertilizer companies is projected to improve in the first quarter of 2024, despite facing challenges such as increased gas rates and price adjustments. This growth is attributed to higher retention prices…
Karachi, In a recent announcement, VIS Credit Rating Company Limited (VIS) has withdrawn its entity ratings for Magna Processing Industries (Pvt.) Limited (MPIL). This decision, effective immediately, comes due to the non-renewal of the rating contract…
Karachi, The entity ratings for IJ Plastic Industries (Pvt.) Limited (IJPIL) by VIS Credit Rating Company Limited (VIS) have been withdrawn. This action is effective immediately and results from the non-renewal of the rating contract, with the last ass…
Islamabad, The Pakistan Credit Rating Agency Limited (PACRA) has assigned an initial long-term rating of ‘A’ with a stable outlook to BankIslami Pakistan Limited (BIPL) for its ADT-1 Modaraba Sukuk II, valued at PKR 1 billion, as of February 2024. This…
Karachi, The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the entity ratings of Lucky Electric Power Company Limited (LEPCL) at ‘AA’ for long term and ‘A1+’ for short term, maintaining a stable outlook. These ratings reflect LEPCL’s con…
Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the entity ratings of Reliance Cotton Spinning Mills Limited at ‘A-‘ for the long term and ‘A2’ for the short term, maintaining a stable outlook. This decision reflects the compan…
Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has sustained the entity ratings of Shahzad Textile Mills Limited at ‘A-‘ for long-term and ‘A2’ for short-term, continuing its watch status due to the company’s financial strains and industry c…
Karachi, VIS Credit Rating Company Limited (VIS) has officially withdrawn the entity ratings for Eastern Spinning Mills Limited (ESML), effective immediately. This action follows the non-renewal of the rating contract that was last updated in January 2…