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PACRA Assigns Initial Ratings to Pak Elektron Limited, Signals Positive Outlook

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned initial ratings to Pak Elektron Limited (PEL) for its debt instrument, PPSTS II, valued at PKR 2 billion with a maturity date of December 2024. The ratings are A+ for the long term...

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Bangladesh Simplifies Visa Process for Pakistanis to Boost Trade

Lahore: Bangladesh has simplified its visa process for Pakistani nationals, a move aimed at strengthening trade and economic relations between the two South Asian countries. This initiative was announced by Iqbal Hussain Khan, Bangladesh's High Commis...

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Currency Exchange Rates Show Marginal Fluctuations Across Major Currencies

Karachi: The latest currency exchange rates indicate slight changes in the buying and selling prices of several major currencies, with the US dollar, euro, and British pound experiencing minor fluctuations, as reported on January 13, 2025.

According...

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Microfinance Loans Transform Opportunities for Pakistani Entrepreneurs

Karachi: Microfinance loans are emerging as a crucial resource for entrepreneurs in Pakistan, providing vital financial support to those who find traditional banking services inaccessible. These small, unsecured loans are designed to meet the specific...

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Pakistan Trade Delegation Aims to Strengthen Economic Ties with Bangladesh

Karachi: A multi-sectoral exporters' delegation from Pakistan is set to visit Bangladesh this week, with the aim of enhancing economic, commercial, and trade relations between the two countries. Led by Mr. Atif Ikram Sheikh, President of the Federatio...

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Strong Recovery in Urea Sales Projected for December 2024

Karachi: Urea sales are projected to experience a significant recovery in December 2024, reaching the highest levels in over four years, Urea off-take is expected to reach 991,000 tons, marking a 58% increase year-on-year and a 52% rise month-on-month...

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Zafar Iqbal of PCJCCI Advocates for Collaboration with China to Boost Pakistan’s Chemical Industry

Lahore: Zafar Iqbal, Vice President of the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), has emphasized the need for Pakistan to collaborate with China in order to enhance the country's chemical industry and shift its focus from bein...

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