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Pakistan’s Economy Shows Signs of Recovery, Calls for Interest Rate Cuts and Timely Elections

Karachi, Pakistan's economy is showing signs of improvement after a period of downturn, with positive developments in inflation control, foreign exchange reserves, and international financial relations. This progress brings forth discussions on potenti...

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Pak Qatar Daily Dividend Plan Holds Steady in Market, Retains Stability Rating

Karachi, The Pak Qatar Islamic Cash Fund continues to show robust performance, particularly through its Pak Qatar Daily Dividend Plan (PQDDP). Focused on delivering competitive returns with daily dividends, PQDDP has maintained its stability rating whi...

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Mughal Energy Limited Progresses on 36.5MW Hybrid Power Plant, Receives Stable Ratings from PACRA

Lahore, Mughal Energy Limited (MEL), a subsidiary of Mughal Iron & Steel Industries Limited (MISIL), is making significant strides in the energy sector with its ongoing project to install a 36.5MW hybrid capt...

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PACRA Maintains Stable IFS Rating for Habib Insurance Amidst Industry Challenges

Karachi, The Pakistan Credit Rating Agency Limited (PACRA) has maintained its IFS rating of Habib Insurance Company Limited, reflecting the company's stable position in the general insurance industry. The industry as a whole has seen significant growth...

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VIS Confirms High Corporate Governance Rating for Pakistan Kuwait Investment Company

Karachi, VIS Credit Rating Company Limited (VIS) has reaffirmed the Corporate Governance Rating of Pakistan Kuwait Investment Company (Private) Limited (PKIC) at 'CGR-9+', indicating a very high level of governance. This update follows the previous rat...

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OGDC Briefs Analysts on FY23 Results, Outlines Future Strategies

Karachi, The Oil and Gas Development Company (OGDC) conducted an analyst briefing today to discuss its fiscal year 2023 results and future plans. Key highlights included significant milestones in the Bettani field, seismic survey achievements, and stra...

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Pakistan Reports 2.1% GDP Growth in First Quarter FY24, Eyes 3.5% Annual Target

Karachi, Pakistan's economy has shown a notable recovery in the first quarter of the fiscal year 2024, with a GDP growth of 2.1%, marking a significant improvement from the previous year's figures. This upturn comes after a challenging period in FY23, ...

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