Business

KARACHI: Pakistan's Oil Marketing Companies (OMCs) have reported a third consecutive month of increased sales, according to AKD Securities Limited. The volumetric sales for May 2025 reached 1.5 million tons, reflecting a 10% increase compared to the s...

Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the open market closing exchange rates on June 3, 2025, showing stability of the Pakistani rupee against major international currencies. According to the ECAP, the US dollar was b...

Karachi: The State Bank of Pakistan has reported a substantial utilization of its Overnight Reverse Repo Facility on June 3, 2025. According to the data released by the Domestic Markets and Monetary Management Department, six financial institutions ac...

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the stability rating of the Pak Qatar Daily Dividend Plan, a low-risk investment solution under the Pak Qatar Islamic Cash Fund. This Shariah-compliant plan aims to provide daily ...

Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rate (KIBOR) figures, showing marginal fluctuations across various tenors. The data, relevant as of June 3, 2025, indicates a stable lending environment in the count...

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upheld the stability rating of the Pak Qatar Khalis Bachat Plan, a medium-risk Shariah-compliant investment offering under the Pak Qatar Islamic Income Fund. This affirmation underscores th...

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has upheld the stability rating for the Pak Qatar Income Plan, part of the Pak Qatar Islamic Income Fund. The plan, aimed at corporate and high net worth investors, offers a low-risk profile w...