Business News

Lahore: In a recent development, Masood Spinning Mills Limited (MSML) has been assigned a preliminary A- rating by The Pakistan Credit Rating Agency Limited (PACRA) for its debt instrument, which is valued at PKR 3.0 billion. The rating reflects the c...

ISLAMABAD: Pakistan is poised to strengthen its trade relations with Asia-Pacific countries through the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), a significant regional trade organization. The Federation of Pakistan Cham...

Dhaka: Emirates, the world's largest international airline, has taken a significant step in supporting early education in Bangladesh by donating 187 special edition 'Aircrafted KIDS by Emirates' bags. This initiative aims to aid the country's ongoing ...

Karachi: VIS Credit Rating Company Limited has placed the ratings of FINCA Microfinance Bank at 'A-/A2' under 'Rating Watch- Developing' status, following a recent acquisition. The previous rating action was last updated on April 30, 2024. In a deve...

Karachi: VIS Credit Rating Company Limited (VIS) has assigned an initial Management Quality Rating (MQR) of 'AM3 (RMC)' to Sinolink REIT Management Company Limited (SRMCL). This rating suggests that the asset manager demonstrates good management quali...

Karachi: The State Bank of Pakistan released new exchange rates for the revaluation of foreign currencies by authorized dealers, providing detailed figures for ready, 1-month, and 1-year rates. This update is crucial for financial institutions and bus...

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) expressed dissatisfaction following the State Bank of Pakistan's decision to maintain the current policy rate, despite the declining inflation rates. Business leaders had an...