Business News

Karachi: The Pakistan Banks Association (PBA) has announced the launch of the Pakistan Banking Summit 2025 (PBS'25), a significant industry-led event scheduled for February 24 and 25, 2025, in Karachi. The summit is expected to gather over 1,000 repre...

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Karachi: VIS Credit Rating Company Limited has announced an upgrade in the short-term entity rating of Sazgar Engineering Works Limited, elevating it from 'A/A2' to 'A/A1'. The upgrade signals a strong likelihood of timely repayment for short-term obl...

The post VIS Upgrades Sazgar Engineering Short-Term Rating to ‘A/A1’ appeared first on Pakistan Business News.

Karachi: The upcoming fourth-quarter financial results for Pakistan's banks are anticipated to show a year-over-year decrease in core income, primarily due to a contraction in net interest margins (NIMs) and increased taxation. This is expected to ove...

The post Banks’ Core Income Faces Decline in Fourth Quarter appeared first on Pakistan Business News.

Karachi: Gold prices in Pakistan saw an increase on Tuesday, with local rates reflecting changes in the international market. The price of Gold Tola 24 Kt rose to Rs. 303,100, marking an increase of Rs. 100, while Gold 10gm 24 Kt was priced at Rs. 259...

The post Gold Prices Rise in Pakistan Amid International Market Fluctuations appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan has announced the availability of its Overnight Repo and Reverse Repo Facilities for financial institutions, reflecting its ongoing efforts to manage liquidity in domestic markets. The announcement details the amoun...

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Karachi: The State Bank of Pakistan has released new exchange rates for mark-to-market revaluation by authorized dealers in foreign exchange. The data reveals the current, one-month, and one-year exchange rates for several major currencies, including ...

The post Currency Exchange Rates Show Fluctuations Across Major Currencies appeared first on Pakistan Business News.

Karachi: Pakistan's currency exchange rates experienced minimal fluctuations in the open market, with the U.S. dollar closing at 278.76 for buying and 281.04 for selling, revealing a stable trend for the day.

According to a statement by State Bank o...

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