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 ...

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Karachi: Inflation in November 2024 registered a Consumer Price Index (CPI) of 4.9%, the lowest reading in over six and a half years. This marks a significant drop from the 28.6% average recorded in the first five months of the previous fiscal year, b...

The post November 2024 CPI Reaches 4.9%, Lowest in Over Six Years appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the Rental REIT rating of Dolmen City REIT at 'AAA (rr)' (Triple A Rental REIT), maintaining a stable outlook. This rating reflects the highest capacity to maintain stable rental income with ne...

The post Dolmen City REIT Rental Rating Reaffirmed at ‘AAA (rr)’ appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Sohail Textile Mills Limited at 'BBB-/A2'.

According to VIS Credit Rating Company Limited, the medium to long-term rating of 'BBB-' indicates adequate credit quality wi...

The post Sohail Textile Mills Limited Ratings Reaffirmed by VIS appeared first on Pakistan Business News.