Rice, a staple cereal grain for over half the world’s population, is a primary energy source crucial for ensuring food security...

Assessment of industry risk is an essential part of the credit rating process. The industry risk assessment sets the ceiling for...

Agriculture constitutes the largest sector of our economy. Majority of the population, directly or indirectly...

The oil and gas sector is a cornerstone of the global energy industry, playing a vital role in powering economies, fueling transportation,...

VIS Credit Rating Company Limited (VIS) introduced “Star Rankings” in the Pakistan market in 2004. The Star Rankings are purely based on a quantitative model that compares historical risk-adjusted returns of funds investing...

Telecommunications involves transmitting data over distances using electronic means, utilizing technologies like phones, radios, computers, and the internet.....

The banking sector is a vital component of both the Pakistani and global economies, serving to safeguard depositors' assets and provide...

Fertilizers, natural or artificial, are substances that contain chemical elements which improve growth and productiveness of plants...

Microfinance Banks (MFBs) in Pakistan operate under a distinct legal framework and are licensed and regulated by the State Bank of Pakistan (SBP)...

Oil and gas sector is vast and complex and it is broken down into three segments: Upstream, Midstream and Downstream. Upstream or Exploration & ...

Oil and gas sector is vast and complex and it is broken down into three segments: Upstream, Midstream and Downstream...

The household appliances sector is integral to consumers' daily lives, offering tools to enhance domestic efficiency and convenience....

Wire and cable refer to an uninsulated single conductor, primarily composed of copper or aluminum, facilitating electricity transmission.....

Insurance is a financial product that provides protection against potential future losses or risks. It involves paying regular premiums to an insurance company,.....

Steel is the world’s most important engineering and construction material. It is used in multiple industries like automobile, construction, consumer goods, cargo ships, surgical equipment....

Pharmaceutical is a critical sector that impacts public health globally. It plays vital role in healthcare system by researching, developing....

The automobile industry in Pakistan includes companies involved in the production and assembling of passenger cars, light commercial vehicles, trucks, buses, tractors and motor cycles....

An Asset Management Company (AMC) is a firm, which pools funds from individual and institutional investors and invests the same in the available assets in the market....

Cement is a grey-colored, finely milled mineral powder with adhesive and cohesive properties that makes it capable of bonding mineral fragment into a compact....

Textile sector is Pakistan largest manufacturing industry, accounting for around 8.5% of GDP, employing about 45% of the total labor force and accounting for 60% of total exports. Globally, the textile industry is undergoing major changes driven....

VIS Credit Rating Company Limited (VIS) introduced “Star Rankings” in the Pakistan market in 2004 The Star Rankings are purely based on a quantitative model......

A brokerage company primarily acts as a middleman, connecting buyers and sellers to facilitate a transaction on behalf of an individual, business......

VIS Credit Rating Company Limited (VIS) introduced “Star Rankings” in the Pakistan market in 2004. The Star Rankings are purely based on a quantitative model that compares......

Electricity generation is the process of generating electric power from sources of primary energy. Usable electricity is not freely available in nature......

Sugar is a sweet, crystalline food supplement primarily extracted from sugar cane and sugar beet, and is widely used as a food additive in various drinks and food products. It imparts sweetness......

VIS Credit Rating Company Limited (VIS) introduced “Star Rankings” in the Pakistan market in 2004. The Star Rankings are purely based on a quantitative mode......

VIS Credit Rating Company Limited (VIS) introduced “Star Rankings” in the Pakistan market in 2004 The Star Rankings are purely based on a quantitative model......

VIS Credit Rating Company Limited (VIS) introduced “Star Rankings” in the Pakistan market in 2004 The Star Rankings are purely based on a quantitative model......

Assessment of industry risk is an essential part of credit rating process. The industry risk assessment sets the ceiling for ratings of individual entities within a given industry.....

Assessment of industry risk is an essential part of credit rating process. The industry risk assessment sets the ceiling for ratings of individual entities within a given industry.....

Assessment of industry risk is an essential part of credit rating process. The industry risk assessment sets the ceiling for ratings of individual entities within a given industry.....

VIS Credit Rating Company Limited (VIS) introduced “Star Rankings” in the Pakistan market in 2004 The Star Rankings are purely based on a quantitative model......

The life insurance industry in Pakistan comprises seven (7) private sector companies and one (1) public sector company. Life insurance penetration in Pakistan stands on the lower side.....

VIS Credit Rating Company Limited (VIS) introduced “Star Rankings” in the Pakistan market in 2004 The Star Rankings are purely based on a quantitative model......

Assessment of industry risk is an essential part of credit rating process. The industry risk assessment sets the ceiling for ratings of individual entities within a given industry......

Assessment of industry risk is an essential part of credit rating process. The industry risk assessment sets the ceiling for ratings of individual entities within a given industry......

Assessment of industry risk is an essential part of credit rating process. The industry risk assessment sets the ceiling for ratings of individual entities within a given industry......

Assessment of industry risk is an essential part of credit rating process. The industry risk assessment sets the ceiling for ratings of individual entities within a given industry......

Assessment of industry risk is an essential part of credit rating process. The industry risk assessment sets the ceiling for ratings of individual entities within a given...

Assessment of industry risk is an essential part of credit rating process. The industry risk assessment sets the ceiling for ratings of individual within a given industry.....

Assessment of industry risk is an essential part of credit rating process. The industry risk assessment sets the ceiling for ratings of individual entities within a given industry. It focuses on....

Assessment of industry risk is an essential part of credit rating process. The industry risk assessment sets the ceiling for ratings of individual entities....

Cement industry of Pakistan comprises of 25 cement manufacturing plants owned by 17 companies as per All Pakistan Cement Manufacturing Association (APCMA).

The financial year (FY) 2021 continued with the same uncertainty prevailing as that in the fourth quarter of FY20 owing to emergence of the COVID-19 pandemic, ...

The economy of Pakistan is characterized by frequent boom and bust cycles, the consequences of which have intensified, as the country has had to frequently...

Rating analysis at VIS begins with an assessment of the environment i.e. risks inherent to the industry in which the company operates...

VIS Credit Rating Company Limited (VIS) introduced “Star Rankings” in the Pakistan market in 2004. The Star Rankings are purely based on a quantitative model that....

Assessment of the risks inherent to the industry in which the company operates is one of the essential steps during the credit rating process....

VIS Credit Rating Company Limited (VIS) introduced “Star Rankings” in the Pakistan market in 2004. The Star Rankings are purely based on a quantitative model that....

Amid the COVID-19 crisis, the global market for Edible Oils and Fats is projected to reach a revised size of US$146.7 Billion by 2027, growing at a CAGR of 6.2%....

VIS Credit Rating Company Limited (VIS) introduced "Star Rankings" in the Pakistan market in 2004. The Star Rankings are purely based on a quantitative...

Global paper products market is expected to decline from $897b in 2019 to $868b in 2020 mainly due to economic slowdown across countries owing to COVID-19...

Insurance, in short, is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance...

Textile group having around 60% share in total country’s export, provides employment to nearly 40% of the industrial labor force. Being a supplier of low-cost inputs and highly dependent...

Automobile sales grew at a CAGR of ~10% over the past six fiscal years (FY13-19) while weak market demand due to significant price hikes and challenging macroeconomic environment...

Microfinance banking sector is considered a significant player in providing access to financial services to the underserved low-income population of the country. The sector is characterized...

The Star Rankings are purely based on a quantitative model that compares historical risk-adjusted returns of funds investing in largely the same asset class. This universally established tool...

Covid-19 has had a significant impact on major export markets of leather sector with a number of countries under partial or complete lockdown.Given the expected slowdown in demand...

Over the past few years, the home appliance market has experienced steady growth, and the positive momentum is expected to continue over the next decade.Market size at end-FY19...

An efficient Power sector is critical to industrialization in a country. Unfortunately, Pakistan’s power sector has faced challenges including weak governance and competitive environment...

Despite swift policy response by regulators, containment measures for global Covid-19 or coronavirus pandemic are having a severe impact on global and local economic activity with closure...

During the past decade, asset and wealth management industry has witnessed considerable growth globally on account of increase in quantum of investable assets, while penetration rate...

The banking industry in Pakistan constitutes 20 private and 5 public sector commercial banks. Industry classification is done on the basis of market share in domestic deposits....

Paper industry of Pakistan is an important industry and serves primarily the domestic market. This sector involves process innovation and due to this companies...

Insurance is an arrangement by which a company undertakes to provide a guarantee of compensation for a specified loss, damage, illness, or death to an entity or person in return ...

Pakistani wiring & cable industry is characterized by significant competitive intensity with existence of few large players in the organized sector, and numerous small...

Paper & Board industry (P&B) is categorized as per weight classification. As per ISO standards, paperboard (sometimes referred as cardboard) is a paper with a grammage above...

Brokerage firms play a key role in capital markets by serving as intermediaries through which investors can buy and sell shares on the stock exchange...

Over the past decade, microfinance banking industry has become a significant player in providing access to financial services to the underserved...

Pakistan is the fourth largest milk producer in the world on the basis of its milk producing animal herd size. However, milk yield per animal in Pakistan is less than...

Pakistan is dependent on agriculture produce, where around 20% of the country’s GDP is provided by the agricultural sector. In light of higher dependence, usage of fertilizers...

Oil marketing industry structure is semi-oligopolistic with few large players dominating the market. During FY19, top 5 players accounted for around four-fifth of the total industry volumes...

The sugar industry plays a vital role in creating economic activity for farmers as well as manufacturers, providing revenue to different segments of the economy...

Over the past five years, global rice consumption has increased at a compound annual growth rate (CAGR) of 0.7%. In 2018, global rice consumption increased by 0.6%...

The cement industry in Pakistan is divided into two divisions; namely Southern & Northern regions. In the province of Punjab: Khyber Pakhtunkhwa, Azad Kashmir, Gilgit Baltistan...

Insurance policies are instruments used to hedge against the risk of financial losses of all magnitudes that may emanate from damage to the insured property. The coverage also includes...

Despite an economic slowdown, car sales registered 21% growth YoY in FY18, however, regulatory ban on tax non-filers imposes threat of demand slowdown in coming days...

Oils and fats are used mainly for food purposes. However, both oilseeds and extracted oil are also used in some part as animal feed...

Sugarcane is one of the most important cash crops of Pakistan; it is a key input for sugar production as well as the paper and board industry. Pakistan is the 6th largest sugarcane...

Healthcare sector is one of the world’s largest and fastest growing industries with a market size of US$ 7.6 trillion1. By 2020, global healthcare spending is projected to reach US$ 8.7 trillion2...

Geographically the cement industry in Pakistan is divided into two divisions; namely Southern & Northern region. Province of Punjab, Khyber Pakhtunkhwa, Azad Kashmir...

During the past decade, asset and wealth management industry has witnessed considerable growth globally on account of increase in quantum...

The pharmaceutical industry is responsible for development, production and marketing of medications. Therefore, it is considered as the mainstay of public health in any country...

Leather is a by-product of the meat industry and its main source of raw material is cattle hides and skins. It is the primary product of tanning sector, and is further processed by value adding...

Since 2016, Oil and Gas Regulatory Authority (OGRA) has issued 11 new marketing licenses taking the total number of Oil Marketing Companies (OMCs) to 22 (FY16: 11) as at end-FY17...

Pakistan is dependent on agriculture produce, where around 20% of the country’s GDP is provided by the agricultural sector. In light of higher dependence, usage of fertilizers...

Steel is the backbone of the infrastructural development in an economy. However, demand continues to be cyclical in nature and relies on economic growth. Steel sector continues to be in a state...

Rice is an essential cereal grain for more than half of the world's total population. Up to 50% of dietary caloric supply for poor people in Asia is provided by rice...

Pakistan has been one of the fastest growing cellular markets. The country’s teledensity increased from 6.3% in FY04 to a high of 79.9% in FY14...

The flat steel industry in Pakistan comprises two local producers International Steels Limited (ISL) and Aisha Steel Mills Limited (ASL). Currently, ASL only produces CRC while ISL also produces...

The tubular industry in Pakistan comprises 50 manufacturing units out of which 40 are based in Lahore. Tubular products include pipes, railings, tubes etc. where each segment has its own feed...

Over the past decade, microfinance banking industry has become a significant player in providing access to financial services to the underserved ...

Pakistan has a well-developed cement industry with abundant raw material availability in the country. The country ranks amongst the top 5 exporters and 14th largest cement...

With almost one-fourth of Pakistan ’s Gross Domestic Product (GDP) contributed by the agricultural sector, there is significant dependence on agrarian products in the country ’s economy...

The textile sector of Pakistan plays a pivotal role in the country 's economy - its significance stemming mainly from its very large cotton production capacity...

The JCR-VIS Banking Sector Overview covers 26 local commercial banks and has been developed given the current industry stratification whereby top 6 banks account for 59.8%...

Brokerage firms play a key role in capital markets by serving as intermediaries through which investors can buy and sell shares on the stock exchange...

Pakistan has a well-developed cement industry with abundant raw material availability in the country. The country ranks amongst the top 5 exporters and 14th largest cement producer in the world.

Demand of the fertilizer industry is directly aligned with growth in agricultural sector. The sector accounts for 21% of the GDP and absorbs around 44% of the country's workforce...

The steel industry is considered s the backbone of the modern society and has direct correlation with the industrial development, given its utility in all industrial processes...

The Oil and Gas industry is divided into two major sectors, namely, upstream and downstream. The upstream oil sector is also known as the ‘Exploration and Production’ (E&P) sector...

The aviation industry is characterized by high competition arising from soft barriers to entry, cyclicality, and vulnerability to economic shocks As per International ...

With significant growth in Assets under Management of most life insurance companies, the importance of further strengthening the investment management function...

The microfinance sector has become a significant player in providing access to credit to the largely underserved low income population of the country...

Rice is staple food for around half of the world’s population and has the third highest world-wide production as an agricultural commodity, after sugar cane and maize...

The banking industry in Pakistan has grown at a Compound Annual Growth Rate (CAGR) of 13.2%1 over the last 5 years (2009-2014) while deposits held by the banking industry...

Pakistan’s microfinance sector has evolved over the years. The industry has witnessed emergence of new players, local and international, along with innovation in products...

Sugarcane is one of the most important cash crops of Pakistan; it is a key input for sugar production along with paper and board industry. Pakistan belongs to the top 10 largest...

The microfinance industry has significant potential for growth as vast population in the country has none or restricted access to financial services...

Global rice prices remained stable till FY12 but depicted an increasing trend towards the end of HY13 due to supply constraints amidst limited carryover stocks and reduced...

Electricity sector in Pakistan can be broadly classified into three categories namely; generation, transmission and distribution. Over the years,the dynamics of the power sector...

Microfinance industry of Pakistan comprises 38 Microfinance Providers (MFPs) including 11 Microfinance Banks (MFBs) that dominate the market in terms of lending portfolio...

The sugar industry of Pakistan plays a vital role in creating economic activity for the country’s farmers as well as sugar manufacturers. It is the second largest agro...

The textile sector is considered to be the backbone of Pakistan’s economy. Being the 4th largest producer of cotton, Pakistan has the 3rd largest spinning capacity in Asia...

The leather industry is one of the most important export-oriented industries in Pakistan, having the third largest export volumes in the manufacturing sector after textiles...

Chemical industry plays a vital role in the economic development of Pakistan. There are numerous chemical products which are made and used as a basic input...

Sugar industry, the second largest after textiles, currently has 86 factories in operation countrywide, with an installed capacity of 7.0 million tonnes of sugar annually...

The formal confectionery industry in Pakistan is dominated by few large players i.e. Hilal (20%), CandyLand (15%), Mayfair (12%), JoJo (12%) and others (41%)...

Liquefied Petroleum Gas (LPG) is a naturally occurring hydrocarbon fuel in gas and oil fields or extracted in oil refineries. The principal constituents of LPG are propane...

Textile sector has remained a major contributor to the national economy comprising about 9% of the total GDP. It provides employment to 38% of the manufacturing workforce...

The fertilizer products are variations of three primary soil nutrients, namely nitrogen (N), phosphorous (P) and potassium (K). It is the suitability of a nutrient for crop...

Power generation business can be broadly categorized into three phases i.e. generation, transmission and distribution. Over the years, power sector in Pakistan has evolved into...