Business News

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...

The post PACRA Affirms AAA Rating for WAPDA’s Sukuk Amid Progress on Dasu Hydropower Project appeared first on Pakistan Business News.

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...

The post Currency Rates Fluctuate for Second Consecutive Day in Pakistan appeared first on Pakistan Business News.

Karachi: The oil marketing companies (OMC) in Pakistan reported a 5% year-on-year increase in sales for the first five months of fiscal year 2025, though achieving the Petroleum Development Levy (PDL) target continues to be challenging. In November 20...

The post OMC Sales Volume Rises as PDL Target Remains Challenging appeared first on Pakistan Business News.

Karachi: A notable increase in petroleum sales was observed in November 2024, with the Oil Marketing Companies (OMC) industry reporting a 15% year-on-year growth in sales volumes.

According to JS Global, this uptick is attributed to the low base fr...

The post Petroleum Sales Surge in November, Yet PDL Targets Remain Elusive appeared first on Pakistan Business News.

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has announced that it is maintaining the stability rating of the Pak Qatar Monthly Income Plan, part of the Pak Qatar Islamic Income Fund, at A+(f) with a stable outlook. The stability rating ...

The post PACRA Maintains Stability Rating for Pak Qatar Monthly Income Plan appeared first on Pakistan Business News.

Karachi: The Korangi Association of Trade and Industry (KATI) is set on transforming the Korangi industrial area into a leading industrial zone. At a recent meeting, KATI President Junaid Naqi emphasized the importance of collaboration with district a...

The post Korangi Industrial Zone Seeks Enhanced Coordination for Development appeared first on Pakistan Business News.

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Pak Qatar Daily Dividend Plan, a constituent of the Pak Qatar Islamic Cash Fund, at AA(f) with a stable outlook. This rating reflects the fund's low-...

The post PACRA Maintains Stability Rating for Pak Qatar Daily Dividend Plan appeared first on Pakistan Business News.