Business

KARACHI: VIS Credit Rating Company Limited has finalized the instrument ratings for K-Electric Limited's short-term Sukuk-30, assigning it an A1+ rating. This rating reflects the strongest likelihood of timely repayment of short-term obligations, back...

Karachi: VIS Credit Rating Company Limited has announced the initiation of a review of Muhammad Shafi Tanneries (Private) Limited. The announcement indicates that a comprehensive rating review is underway, and a subsequent rating action will be commun...

Karachi: The State Bank of Pakistan announced a revised monetary policy aimed at addressing inflationary pressures in the nation. The central bank has decided to raise the benchmark interest rate by 100 basis points, moving it to 16%. This decision re...

Karachi: The Exchange Companies Association of Pakistan released exchange rate figures on April 9, 2025, showing minor fluctuations in currency values against the Pakistani Rupee across various foreign currencies. The US Dollar was recorded with a b...

KARACHI: The Consul General of Italy in Karachi, Fabrizio Bielli, has called for a significant increase in trade between Italy and Pakistan, proposing to double the current trade volume to $3 billion in the upcoming years. During a visit to the Karach...

Karachi: Bank Alfalah, a prominent commercial bank in Pakistan, has announced a strategic collaboration with Swift to implement Payment Pre-validation, a solution aimed at enhancing the speed, accuracy, and security of cross-border transactions. This ...

Karachi: The State Bank of Pakistan released updated exchange rates for mark-to-market revaluation by authorized dealers in foreign exchange, highlighting fluctuations across major currencies. The data reveals varied adjustments in the dollar, euro, p...