Karachi: VIS Credit Rating Company Limited has announced an upgrade in the short-term entity rating of Sazgar Engineering Works Limited, elevating it from ‘A/A2’ to ‘A/A1’. The upgrade signals a strong likelihood of timely repayment for short-term obl…
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Karachi: The upcoming fourth-quarter financial results for Pakistan’s banks are anticipated to show a year-over-year decrease in core income, primarily due to a contraction in net interest margins (NIMs) and increased taxation. This is expected to ove…
The post Banks’ Core Income Faces Decline in Fourth Quarter appeared first on Pakistan Business News.
Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), announced that the Governor and Chief Minister of Balochistan have endorsed the FPCCI’s Balochistan Strategy Summit. The summit aims to …
The post Balochistan Summit Gains Support from Provincial Leadership appeared first on Pakistan Business News.
Karachi: Gold prices in Pakistan saw an increase on Tuesday, with local rates reflecting changes in the international market. The price of Gold Tola 24 Kt rose to Rs. 303,100, marking an increase of Rs. 100, while Gold 10gm 24 Kt was priced at Rs. 259…
The post Gold Prices Rise in Pakistan Amid International Market Fluctuations appeared first on Pakistan Business News.
Karachi: The State Bank of Pakistan has announced the availability of its Overnight Repo and Reverse Repo Facilities for financial institutions, reflecting its ongoing efforts to manage liquidity in domestic markets. The announcement details the amoun…
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Karachi: The State Bank of Pakistan has released new exchange rates for mark-to-market revaluation by authorized dealers in foreign exchange. The data reveals the current, one-month, and one-year exchange rates for several major currencies, including …
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Karachi: Pakistan’s currency exchange rates experienced minimal fluctuations in the open market, with the U.S. dollar closing at 278.76 for buying and 281.04 for selling, revealing a stable trend for the day.
According to a statement by State Bank o…
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Karachi: The State Bank of Pakistan has released the latest figures on the weighted average customer exchange rates for various currencies, indicating slight fluctuations in buying and selling rates as of February 11, 2025. The United States dollar, e…
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Karachi: The Karachi Interbank Offered Rate (KIBOR) rates have experienced slight fluctuations across different tenors, as indicated in the latest data release. The rates, which serve as a benchmark for lending between banks, showed mixed movements ac…
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Lahore:The 54th death anniversary of the renowned lyricist and poet Tanveer Naqvi was observed today. Born in Lahore in 1919, Naqvi’s real name was Syed Khursheed Ali.
According to Radio Pakistan, Naqvi contributed lyrics to over 200 films, with som…
