General Business News

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned preliminary ratings to a PKR 1 billion sukuk issued by Beacon Impex (Pvt.) Limited, highlighting the company's strong position in Pakistan's textile sector, especially in the speci...

Karachi: The Exchange Companies Association of Pakistan has released the latest foreign currency exchange rates for June 3, 2025. The announcement includes the buying and selling prices for several major currencies in the open market. According to t...

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Pak Qatar Asan Munafa Plan under the Pak Qatar Islamic Cash Fund, underscoring its low-risk profile. The Plan continues to focus on generating compet...

KARACHI: Pakistan's Oil Marketing Companies (OMCs) have reported a third consecutive month of increased sales, according to AKD Securities Limited. The volumetric sales for May 2025 reached 1.5 million tons, reflecting a 10% increase compared to the s...

Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the open market closing exchange rates on June 3, 2025, showing stability of the Pakistani rupee against major international currencies. According to the ECAP, the US dollar was b...

Karachi: The State Bank of Pakistan has reported a substantial utilization of its Overnight Reverse Repo Facility on June 3, 2025. According to the data released by the Domestic Markets and Monetary Management Department, six financial institutions ac...

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the stability rating of the Pak Qatar Daily Dividend Plan, a low-risk investment solution under the Pak Qatar Islamic Cash Fund. This Shariah-compliant plan aims to provide daily ...