Business News

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TDAP to Join Automechanika Istanbul 2025, Offers Subsidized Stalls for Pakistani Exhibitors

Karachi: The Trade Development Authority of Pakistan (TDAP) has announced its participation in the upcoming Automechanika Istanbul 2025 exhibition, scheduled to take place from June 12 to June 15, 2025, in Istanbul, Turkey. The event is recognized as ...

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PACRA Revises Outlook for Mughal Energy Limited Amid Financing and Operational Developments

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has updated its entity ratings for Mughal Energy Limited (MEL), maintaining the long-term rating at 'A' and the short-term rating at 'A2', while revising the outlook from 'Stable' to 'Developin...

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PACRA Reaffirms Stability Rating for Pak Qatar Khalis Bachat Plan

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Pak Qatar Khalis Bachat Plan under the Pak Qatar Islamic Income Fund. The long-term rating remains at A(f), with a stable outlook.

According to Pak...

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PACRA Maintains AAA Rating for WAPDA Dasu TFC-D, Citing Strategic Importance and Government Support

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upheld the AAA rating for the WAPDA Dasu TFC-D, a debt instrument, underscoring the strategic significance of the Pakistan Water and Power Development Authority (WAPDA) as the country's pri...

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PACRA Affirms AAA Rating for WAPDA’s Sukuk Amid Progress on Dasu Hydropower Project

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the AAA rating for the Pakistan Water and Power Development Authority's (WAPDA) Sukuk issued in May 2017. The rating underscores WAPDA's strategic significance in developing Paki...

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Currency Rates Fluctuate for Second Consecutive Day in Pakistan

Karachi: Currency exchange rates in Pakistan experienced notable fluctuations for the second consecutive day, impacting a range of foreign currencies. The changes were observed in the buying and selling rates of the US Dollar, Euro, British Pound, Jap...

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