Business

Karachi: The VIS Credit Rating Company Limited has reaffirmed the Development REIT rating of Globe Residency REIT (GRR) at 'RFR2 (dr)', indicating a high likelihood of successful project implementation despite various economic challenges. The outlook ...

The post VIS Reaffirms Globe Residency REIT Rating Amid Economic Challenges appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan released its latest figures on February 12, 2025, revealing the weighted average customer exchange rates for various currencies. The report indicates slight fluctuations in both buying and selling rates across diffe...

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Karachi: Gold prices in Pakistan saw a significant decrease on Wednesday, with the cost of gold per tola and per 10 grams both registering declines. The international gold market also experienced a downturn, contributing to the local price adjustments...

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Lahore: Exhibitions play a crucial role in fostering trade, innovation, and economic growth by providing a platform for businesses to present their products, services, and innovations. This was emphasized by Mian Abuzar Shad, President of the Lahore C...

The post Exhibitions Forge New Business Opportunities at ‘Made in Uzbekistan’ Event appeared first on Pakistan Business News.

Karachi: The Pakistan Banks Association (PBA) has announced the launch of the Pakistan Banking Summit 2025 (PBS'25), a significant industry-led event scheduled for February 24 and 25, 2025, in Karachi. The summit is expected to gather over 1,000 repre...

The post Pakistan Banking Summit 2025: A Major Step Toward Financial Innovation appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has announced an upgrade in the short-term entity rating of Sazgar Engineering Works Limited, elevating it from 'A/A2' to 'A/A1'. The upgrade signals a strong likelihood of timely repayment for short-term obl...

The post VIS Upgrades Sazgar Engineering Short-Term Rating to ‘A/A1’ appeared first on Pakistan Business News.

Karachi: The upcoming fourth-quarter financial results for Pakistan's banks are anticipated to show a year-over-year decrease in core income, primarily due to a contraction in net interest margins (NIMs) and increased taxation. This is expected to ove...

The post Banks’ Core Income Faces Decline in Fourth Quarter appeared first on Pakistan Business News.