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  • Day: April 29, 2025

Interloop Ltd. Reports Substantial Profit Decline Amid Margin Squeeze and Tax Changes

April 29, 2025

Lahore: Interloop Ltd. (ILP) has released its financial results for the third quarter of fiscal year 2025, highlighting a significant drop in profitability. The company reported earnings of PkR1.3 billion, or PkR0.95 per share, marking a 68% decrease …

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Allied Bank Honored by UnionPay International for Debit Card Achievements

April 29, 2025

Islamabad: Allied Bank has been recognized by UnionPay International (UPI) with an award for the highest co-badged debit card issuance. This accolade highlights the bank’s significant role in advancing digital payment solutions within Pakistan.

The…

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Hub Power’s Earnings Decline Amid Power Purchase Agreement Setbacks

April 29, 2025

Karachi: Hub Power Company Ltd (HUBC) reported a significant decline in its earnings for the third quarter of fiscal year 2025, owing primarily to setbacks in its power purchase agreements. The company’s net profit after tax (NPAT) stood at PkR11.0 bi…

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Hub Power’s Earnings Decline Amid Power Purchase Agreement Setbacks

April 29, 2025

Karachi: Hub Power Company Ltd (HUBC) reported a significant decline in its earnings for the third quarter of fiscal year 2025, owing primarily to setbacks in its power purchase agreements. The company’s net profit after tax (NPAT) stood at PkR11.0 bi…

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VIS Maintains Rating of MMMAK Securities Amid Compliance Concerns

April 29, 2025

Karachi: VIS Credit Rating Company Ltd. (VIS) has maintained the Broker Management Rating of Mohammad Munir Muhammad Ahmed Khanani Securities Limited (MMMAKSL) at ‘BMR2’, while revising the outlook from ‘Stable’ to ‘Negative’. This rating action follo…

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VIS Affirms Fund Stability Rating of HBL Mehfooz Munafa Fund Plan-I

April 29, 2025

Karachi: VIS Credit Rating Company Limited (VIS) has affirmed the Fund Stability Rating of HBL Mehfooz Munafa Fund Plan-I, also known as HBL-MMFP-I. This announcement follows the previous rating action taken on March 3, 2025.

The stability rating re…

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VIS Affirms Fund Stability Rating of HBL Mehfooz Munafa Fund Plan-I

April 29, 2025

Karachi: VIS Credit Rating Company Limited (VIS) has affirmed the Fund Stability Rating of HBL Mehfooz Munafa Fund Plan-I, also known as HBL-MMFP-I. This announcement follows the previous rating action taken on March 3, 2025.

The stability rating re…

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VIS Reaffirms Ratings for Ittehad Chemicals Limited, Upgrading Outlook to Positive

April 29, 2025

Karachi: VIS Credit Rating Company Limited has maintained its entity ratings for Ittehad Chemicals Limited (ICL) at ‘A-/A2’, while revising the outlook from Stable to Positive. The updated ratings reflect the company’s robust credit quality and sound …

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