General Business News

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PACRA Affirms AAA Rating for WAPDA Debt Instrument, Citing Strategic Importance

LAHORE: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the AAA long-term rating for the Pakistan Water and Power Development Authority’s (WAPDA) debt instrument, maintaining a stable outlook. This decision underscores the strategic imp...

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VIS Reaffirms Triple-A Ratings for Oil & Gas Development Company Limited

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Oil & Gas Development Company Limited (OGDCL) at 'AAA/A1+' with a stable outlook. These ratings reflect OGDCL's robust financial health, industry leadership, and commi...

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PACRA Affirms Stability Rating of Pak Qatar Cash Plan Under Islamic Cash Fund

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Pak Qatar Cash Plan under the Pak Qatar Islamic Cash Fund at AA(f), with a stable outlook. The rating signifies a low-risk profile, reflecting the Fu...

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TDAP to Join Automechanika Istanbul 2025, Offers Subsidized Stalls for Pakistani Exhibitors

Karachi: The Trade Development Authority of Pakistan (TDAP) has announced its participation in the upcoming Automechanika Istanbul 2025 exhibition, scheduled to take place from June 12 to June 15, 2025, in Istanbul, Turkey. The event is recognized as ...

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November 2024 CPI Reaches 4.9%, Lowest in Over Six Years

Karachi: Inflation in November 2024 registered a Consumer Price Index (CPI) of 4.9%, the lowest reading in over six and a half years. This marks a significant drop from the 28.6% average recorded in the first five months of the previous fiscal year, b...

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Daraz’s 11.11 Sale Highlights Growth in Online Shopping Across Pakistan

Karachi: Daraz, Pakistan's leading e-commerce platform, concluded its 11.11 Biggest Sale of the Year on November 21, featuring significant discounts and exclusive promotions that attracted millions of customers nationwide. The event underscored the ra...

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MCB Bank Partners with BPC to Enhance Digital Security

Karachi: MCB Bank has announced a strategic collaboration with BPC, a global entity in payment solutions, to bolster the security of its digital platforms. The bank will implement the BPC SmartVista Fraud Risk Management Solution to enhance its digita...

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