General Business News

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PACRA Maintains A+ Rating for Soneri Bank Limited’s Tier 2 Capital TFC

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced that it will maintain the long-term entity rating of A+ for Soneri Bank Limited’s Tier 2 Capital Term Finance Certificate (TFC) valued at PKR 4 billion. The outlook remains stable...

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Pakistan Grapples with Escalating Environmental Crisis Amid Rising Pollution and Waste Problems

Islamabad: Pakistan is facing a severe environmental crisis, ranking among the top ten most vulnerable countries on the Climate Risk Index for the past two decades and currently listed as the fifth most vulnerable globally by the United Nations. This ...

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Pacra Maintains Ratings for Soneri Bank Limited’s Tier 1 TFC

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced that it is maintaining the long-term entity ratings for Soneri Bank Limited's Tier 1 Term Finance Certificates (TFC) at 'A'. The outlook for these ratings remains stable.

Accord...

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Currency Exchange Rates Show Minor Fluctuations Over Two-Day Period

Karachi: Currency exchange rates for the U.S. dollar, euro, British pound, Japanese yen, UAE dirham, and Saudi riyal experienced slight changes between December 28 and December 30.

According to Exchange Companies Association of Pakistan, reported th...

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Inflation to Rise to 4.15% in December 2024 Amidst Seasonal Demand and Fuel Price Revisions

Karachi: Inflation is expected to see a slight increase in December 2024, reaching 4.15% year-on-year, driven by higher prices in fruits, vegetables, and increased demand for clothing due to cooler temperatures across the nation. The transport index a...

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VIS Reaffirms Ratings for Hi-Tech Lubricants Limited with Stable Outlook

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Hi-Tech Lubricants Limited at 'A-/A2', indicating good credit quality and sound short-term liquidity. The outlook on these ratings remains stable, demonstrating confidence...

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