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Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced an upgrade in the stability rating of the MCB Government Securities Fund, elevating it from AA- to AA. The fund, characterized by its moderate risk profile, is tailored for invest...
Read More »Aik by BankIslami Launches Shariah-Compliant QR Payment Service in Karachi
Karachi: Aik by BankIslami is set to launch a Shariah-compliant QR payment service for local merchants as part of the Go Cashless Economy Drive initiated by Prime Minister Shehbaz Sharif and the State Bank of Pakistan. The activation campaign will tak...
Read More »OGDC’s Financial Outlook and Production Challenges Discussed in Analyst Briefing
ISLAMABAD: Oil and Gas Development Company Limited (OGDC) held an analyst briefing session to discuss its financial performance and future outlook amidst declining earnings and ongoing production challenges. The company reported a 7% year-on-year dr...
Read More »TPL Corp Faces Financial Strain Amid Strategic Shifts
Karachi: TPL Corp Limited, the holding company for TPL Group, has seen its financial stability challenged amidst strategic investments and asset divestments. The Pakistan Credit Rating Agency Limited (PACRA) recently revised TPL Corp Limited's instrum...
Read More »Currency Exchange Rates See Marginal Fluctuations as Reported by Exchange Companies Association
Karachi: The Exchange Companies Association of Pakistan released the latest currency exchange rates on November 3, 2025, indicating marginal fluctuations in the buying and selling rates of major foreign currencies against the Pakistani Rupee in the in...
Read More »Bank Alfalah Increases Aid for Flood Recovery with $5 Million Pledge
Karachi: The Chairman of Bank Alfalah, Sheikh Nahayan bin Mubarak Al Nahayan, alongside the Board of Directors, has authorized an additional $5 million to support communities affected by the 2025 floods. This commitment elevates the bank's total flood...
Read More »TPL Corp Limited’s Financial Strain Prompts PACRA to Revise Instrument Rating
KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) recently revised the instrument rating of TPL Corp Limited, reflecting the holding company's evolving financial challenges. TPL Corp, a key player in multiple sectors through its subsidiaries,...
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