Business News

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced that it is maintaining the long-term entity ratings for Soneri Bank Limited's Tier 1 Term Finance Certificates (TFC) at 'A'. The outlook for these ratings remains stable.

Accord...

The post Pacra Maintains Ratings for Soneri Bank Limited’s Tier 1 TFC appeared first on Pakistan Business News.

Karachi: JS Bank, a leading financial institution in Pakistan, has launched its Priority Banking services nationwide, aimed at providing tailored banking solutions to its most valued clients. This new initiative is designed to deliver personalized fin...

The post JS Bank Unveils Nationwide Priority Banking Services appeared first on Pakistan Business News.

Karachi: Currency exchange rates for the U.S. dollar, euro, British pound, Japanese yen, UAE dirham, and Saudi riyal experienced slight changes between December 28 and December 30.

According to Exchange Companies Association of Pakistan, reported th...

The post Currency Exchange Rates Show Minor Fluctuations Over Two-Day Period appeared first on Pakistan Business News.

Karachi: Inflation is expected to see a slight increase in December 2024, reaching 4.15% year-on-year, driven by higher prices in fruits, vegetables, and increased demand for clothing due to cooler temperatures across the nation. The transport index a...

The post Inflation to Rise to 4.15% in December 2024 Amidst Seasonal Demand and Fuel Price Revisions appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Hi-Tech Lubricants Limited at 'A-/A2', indicating good credit quality and sound short-term liquidity. The outlook on these ratings remains stable, demonstrating confidence...

The post VIS Reaffirms Ratings for Hi-Tech Lubricants Limited with Stable Outlook appeared first on Pakistan Business News.

Karachi: Askari Bank Ltd (AKBL) reported a mixed set of financial results for the first nine months of the calendar year 2024, with a slight decrease in net profit after tax (NPAT) but significant growth in assets and equity. The bank also highlighted...

The post Askari Bank Reports Mixed Financial Results with Strategic Expansion appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has assigned a preliminary rating of 'A1+ (plim)' to Pakistan Telecommunication Company Limited's (PTCL) proposed PKR 2.5 billion Short-Term Sukuk IX (STS-IX), indicating a strong likelihood of timely repayme...

The post VIS Assigns Top Rating to PTCL’s Short-Term Sukuk IX appeared first on Pakistan Business News.