Business News

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Pak-Qatar Asset Management Achieves Rating Upgrade for Islamic Income Fund

Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) has achieved a significant rating upgrade for its Pak-Qatar Income Plan under the Pak Qatar Islamic Income Fund, moving from an A+ to an AA- with a Stable Outlook. This development marks a no...

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Pakistani Companies to Showcase at Ambiente Fair in Frankfurt

Karachi: The four-day Consumer Goods Fair, Ambiente, is scheduled to begin on February 7 in Frankfurt, Germany, featuring participation from nine Pakistani companies. This event, known as the world's largest consumer goods fair, will run until Februar...

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AIGP Calls for Enhanced Police-Business Community Collaboration in Karachi

KARACHI: Karachi's Additional Inspector General of Police, Javed Alam Odho, highlighted a lack of coordination between law enforcement and the business community as a key issue affecting law and order, particularly in District East. He called for join...

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Sukuk’s Transformative Role in Sustainable Finance Highlighted at Karachi Conference

Karachi: The 4th AlBaraka Forum Regional Conference, held on January 28, 2024, in Karachi, focused on the significant contribution of Sukuk in promoting sustainable economic growth. Organized by the AlBaraka Forum for Islamic Economy in collaboration ...

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Currency Exchange Rates Fluctuate as USD and Euro Show Minor Changes

Karachi: The currency exchange rates in Pakistan showed slight variations with the US Dollar and Euro experiencing minor downward trends, according to the latest figures released. The Exchange Companies Association of Pakistan reported the updated buy...

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PACRA Affirms Ratings for KAM International, Outlook Stable

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of KAM International, affirming a long-term rating of A- and a short-term rating of A2. The outlook for the company remains stable, with no changes to its rati...

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PCDMA Chief Criticizes State Bank’s Modest Interest Rate Cut

Karachi: Salim Valimuhammad, Chairman of the Pakistan Chemicals and Dyes Merchants Association (PCDMA), has dismissed the State Bank of Pakistan's recent 1% reduction in the interest rate, labeling it as inadequate. He expressed concerns over the cent...

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