Business

This category covers all news related Business & Finance

VIS Withdraws Ratings for CDC Share Registrar Services Limited

Karachi: VIS Credit Rating Company Limited (VIS) has announced the withdrawal of entity ratings for CDC Share Registrar Services Limited, effective immediately. This decision follows the company's choice to cease its ratings, as indicated in a recent ...

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Meezan Bank Launches Global Debit Card for Exporters and Freelancers

Karachi: Meezan Bank, Pakistan's leading Islamic bank, has introduced a Foreign Currency (FCY) Debit Card specifically designed for exporters and freelancers who maintain an Exporters' Special Foreign Currency Account (ESFCA) with the bank. This new o...

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Business Leaders Criticize Pakistan’s Monetary Policy Amid Economic Concerns

Karachi: Business leaders in Pakistan have expressed dissatisfaction with the recent monetary policy changes, which they argue do not sufficiently address current economic challenges. The State Bank of Pakistan announced a reduction of 100 basis point...

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Meezan Bank Launches Global Payment Solution for Freelancers and Exporters

Karachi: Meezan Bank, Pakistan's leading Islamic financial institution, has introduced a new Foreign Currency (FCY) Debit Card tailored for the country's freelancers and exporters. The card is designed for those maintaining an Exporters' Special Forei...

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Mari Energies Faces Earnings Decline Amid Rising Costs

Karachi: Mari Energies Ltd (MARI) has reported a significant decline in its second-quarter fiscal year 2025 earnings, with Profit After Tax (PAT) falling to PkR11.2 billion, marking a 39% year-over-year decrease. The downturn has been attributed to in...

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AL Habib Capital Markets Receives Initial Ratings Highlighting Robust Performance

KARACHI: AL Habib Capital Markets (Pvt.) Limited, a key player in Pakistan's brokerage industry, has received initial long-term and short-term ratings of 'A' and 'A1', respectively, with a stable outlook, from the Pakistan Credit Rating Agency Limited...

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Currency Exchange Rates Experience Slight Fluctuations Across Major Currencies

Karachi: The currency exchange rates for major global currencies, including the U.S. dollar, Euro, British pound, Japanese yen, and others, have experienced slight fluctuations over recent days, according to the latest data.

According to a statement...

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