Business

Karachi: Sindh Microfinance Bank Limited has received an upgrade in its credit ratings, reflecting a robust financial position and consistent profitability. The Pakistan Credit Rating Agency Limited (PACRA) announced the upgrade, which raises the bank...

The post Sindh Microfinance Bank Limited Receives Credit Rating Upgrade appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the Management Quality Rating of Alfalah Asset Management Limited at 'AM1', indicating strong management characteristics with a 'Stable' outlook. The rating reflects substantial growth in asset...

The post VIS Reaffirms ‘AM1’ Rating for Alfalah Asset Management Amid Growth in Assets appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Ltd. (VIS) has announced the withdrawal of the Broker Fiduciary Rating of BFR3+ for Intermarket Securities Limited (IMS) following its merger with EFG Hermes Pakistan Limited. The newly formed entity has been rebrand...

The post VIS Withdraws Broker Fiduciary Rating of Intermarket Securities Limited appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Ltd. (VIS) has announced the withdrawal of the Broker Management Rating (BMR2+) previously assigned to Intermarket Securities Limited (IMS). This decision follows the merger of IMS with EFG Hermes Pakistan Limited, l...

The post VIS Withdraws Broker Management Rating Following Intermarket Securities Merger appeared first on Pakistan Business News.

Islamabad: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the debt instrument rating of Askari Bank Limited's Tier-II Term Finance Certificates (TFC-VII) at AA with a stable outlook. This decision reflects the bank's robust ownership...

The post PACRA Reaffirms Askari Bank’s Tier-II TFC Rating at AA appeared first on Pakistan Business News.

Karachi: The Government of Pakistan has appointed the Pakistan Stock Exchange (PSX), the National Clearing Company of Pakistan Limited (NCCPL), and the Central Depository Company (CDC) to facilitate the issuance of the 17th GOP Ijarah Sukuk (GIS) thro...

The post Pakistan to Conduct 17th GIS Auction Through PSX appeared first on Pakistan Business News.

Karachi: Exchange rates for major currencies experienced slight increases, The Exchange Companies Association of Pakistan reported changes in the buying and selling rates of several currencies.

According to Exchange Companies Association of Pakistan...

The post Exchange Rates Show Slight Increase Across Currencies appeared first on Pakistan Business News.