Business News

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the stability rating of the MCB Cash Management Optimizer, a low-risk money market fund that remains a key cash management tool for both institutional and retail investors. The Fun...

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the entity ratings of Aslam Energy (Pvt.) Limited, highlighting the company's strong business profile and its affiliation with Flow Petroleum (Pvt.) Limited. The ratings reflect As...

Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for various currencies as of May 5, 2025. The rates reveal the current state of international currency exchanges in the open market. The US dollar mai...

Karachi: The State Bank of Pakistan (SBP) reduced its policy rate by 100 basis points to 11.0%, aligning with expectations and reflecting improved inflation outlook due to decreased electricity and food prices. Despite this positive development, the c...

KARACHI: Ahmed Azeem Alvi, president of the SITE Association of Industry, expressed dissatisfaction with the State Bank of Pakistan's recent decision to reduce the policy rate by 100 basis points. Alvi urged the central bank to slash the rate into sin...

Lahore: The Small and Medium Enterprises Development Authority (SMEDA) Board of Directors has approved the Implementation Plan for the organization's revamping. This decision was made during the 30th board meeting, chaired by Haroon Akhtar Khan, Speci...

Karachi: The Union of Small and Medium Enterprises (UNISAME) has announced a comprehensive checklist aimed at enhancing the emergency readiness of small and medium enterprises (SMEs) across Pakistan. The initiative underscores the need for these busin...