General Business News

Karachi: Bank Alfalah, a prominent commercial bank in Pakistan, has announced a strategic collaboration with Swift to implement Payment Pre-validation, a solution aimed at enhancing the speed, accuracy, and security of cross-border transactions. This ...

Karachi: The State Bank of Pakistan released updated exchange rates for mark-to-market revaluation by authorized dealers in foreign exchange, highlighting fluctuations across major currencies. The data reveals varied adjustments in the dollar, euro, p...

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Etihad Sugar Mills Limited, maintaining its status at 'A/A2', reflecting good credit quality and highlighting the company's ability to meet short-term obligations. The out...

Karachi: Lucky Investments Limited has made history by executing Pakistan's largest-ever mutual fund launch, raising over PKR 50 billion during the Initial Public Offering of its Lucky Islamic Money Market Fund. This unprecedented achievement surpasse...

Karachi: VIS Credit Rating Company Limited has announced the commencement of a review process for Transfopower Industries (Private) Limited. This review indicates that VIS is undertaking a comprehensive evaluation and will release a rating action once...

Karachi: VIS Credit Rating Company Limited has commenced an evaluation of Agriauto Stamping (Private) Limited, according to a recent press release. The review process signifies that the company is undergoing a rating assessment, and VIS will declare a...

Karachi: VIS Credit Rating Company Limited has begun a comprehensive review of The Crescent Textile Mills Limited, according to a press release issued on April 9, 2025. The review process, which is currently underway, will result in a new rating annou...