Business

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the stability rating of the MCB Cash Management Optimizer, a low-risk money market fund that remains a key cash management tool for both institutional and retail investors. The Fun...

LAHORE: In a move poised to enhance economic ties between Pakistan and China, a top-level Chinese business delegation visited the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI). The meeting, held on Monday, brought together senior repr...

Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for various currencies as of May 5, 2025. The rates reveal the current state of international currency exchanges in the open market. The US dollar mai...

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the ratings for Gas and Oil Pakistan Limited (GO), recognizing the company's robust financial footing and strategic partnership with Aramco. Aramco's acquisition of approximately 4...

Karachi: The State Bank of Pakistan (SBP) reduced its policy rate by 100 basis points to 11.0%, aligning with expectations and reflecting improved inflation outlook due to decreased electricity and food prices. Despite this positive development, the c...

Karachi: Standard Chartered Pakistan has been awarded a $130 million banking mandate by Siemens Energy Pakistan, according to a press release. The agreement, which was approved in January 2025, involves a comprehensive range of banking services aimed ...

Karachi: The business, industry, and trade community in Pakistan have expressed dissatisfaction with the recent monetary policy decision by the State Bank of Pakistan (SBP), according to Mr. Atif Ikram Sheikh, President of the Federation of Pakistan C...