News Updates

Category: General

VIS Assigns Initial Ratings to Madina Oil Refinery Limited

Karachi, February 20, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of ‘BBB-/A-2’ (Triple B Minus/A-Two) to Madina Oil Refinery Limited (MORL). The medium to long-term rating of ‘BBB-’ denotes adequate credit quality; protection factors are reasonable and sufficient. Risk factors are considered variable if changes

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Despite IMF loan, economy will remain in ICU: Mian Zahid Hussain

Karachi, February 20, 2023 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said tax and other measures will comfort the government but add to the problems of the masses. The tough decisions

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ICCI calls for privatizing loss-making SOEs to get rid of debt

Islamabad, February 20, 2023 (PPI-OT):Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) has said that the government is spending billions of rupees every year to bail out the loss-making State Owned Entities( SOEs) including PIA, Pakistan Steel, Pakistan Railways and DISCOs, which show that these entities are

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