General Business News

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VIS Withdraws Broker Management Rating Following Intermarket Securities Merger

Karachi: VIS Credit Rating Company Ltd. (VIS) has announced the withdrawal of the Broker Management Rating (BMR2+) previously assigned to Intermarket Securities Limited (IMS). This decision follows the merger of IMS with EFG Hermes Pakistan Limited, l...

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PACRA Reaffirms Askari Bank’s Tier-II TFC Rating at AA

Islamabad: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the debt instrument rating of Askari Bank Limited's Tier-II Term Finance Certificates (TFC-VII) at AA with a stable outlook. This decision reflects the bank's robust ownership...

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Pakistani Exports to U.S. Could Double as Bilateral Trade Surpasses $7 Billion

Karachi: Pakistan's trade relations with the United States have reached a significant milestone, with the bilateral trade volume crossing the $7 billion mark in 2023. This upward trajectory is continuing into 2024, with trade figures already surpassin...

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PCJCCI Proposes “Digital Silk Road” to Strengthen Economic Ties

Lahore: The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has called for the establishment of a "Digital Silk Road" to maximize the benefits of the economic corridor that China plans to construct in the Asia-Pacific region. Nazir Huss...

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Chinese Delegation Explores Renewable Energy and Construction Opportunities in Pakistan

Lahore: An 11-member delegation from China's Xingjian province visited Pakistan following an invitation from the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI). The delegation, led by the Mayor of Yecheang and Wang Xiangbing, Chairman ...

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Balochistan Summit 2025 to Promote Investment and Industrialization

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Balochistan Board of Investment & Trade (BBoIT) have announced plans to jointly organize the Balochistan Summit 2025. Scheduled for January 27-28 in Isla...

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