AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced an upgrade in the stability rating of the MCB Government Securities Fund, elevating it from AA- to AA. The fund, characterized by its moderate risk profile, is tailored for invest...
Read More »Aik by BankIslami Launches Shariah-Compliant QR Payment Service in Karachi
Karachi: Aik by BankIslami is set to launch a Shariah-compliant QR payment service for local merchants as part of the Go Cashless Economy Drive initiated by Prime Minister Shehbaz Sharif and the State Bank of Pakistan. The activation campaign will tak...
Read More »Pakistan’s Cement Sector Shows Strong Growth Despite Margin Pressures
KARACHI: The cement sector in Pakistan experienced significant growth in the first quarter of fiscal year 2026, as reported by a sample of eight companies. The sector saw a substantial 56% year-on-year increase in standalone earnings, driven by a 17% ...
Read More »Thatta Cement Reports Strong Earnings Boosted by Subsidiary Income
Karachi: Thatta Cement Company Ltd (THCCL) presented its financial performance for FY25 and the first quarter of FY26, showcasing a notable increase in earnings per share driven by enhanced income from its power subsidiary. The company reported a stan...
Read More »Exchange Rates Update: Dollar, Euro, and Pound Show Varied Trends in Pakistani Market
Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates for the open market as of October 31, 2025, indicating varied trends in major foreign currencies against the Pakistani rupee. The US dollar was record...
Read More »State Bank of Pakistan Facilitates Overnight Repo Transactions
Karachi: The State Bank of Pakistan (SBP) facilitated overnight repo and reverse repo transactions for financial institutions on October 31, 2025, according to a press release from the central bank's Domestic Markets and Monetary Management Department...
Read More »Zong to Launch China-Pakistan Lab for Low-Carbon Innovation
Karachi: Zong, a leading information services company in Pakistan, has announced a strategic initiative to establish the China-Pakistan Low-Carbon Intelligent Manufacturing International Joint Innovation Laboratory at NUCES-FAST University in Islamaba...
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