Karachi: Aik by BankIslami is set to launch a Shariah-compliant QR payment service for local merchants as part of the Go Cashless Economy Drive initiated by Prime Minister Shehbaz Sharif and the State Bank of Pakistan. The activation campaign will tak…
KARACHI: Mian Zahid Hussain, a prominent business leader, highlighted the transformative potential of the China-Pakistan Economic Corridor (CPEC) Phase II during a recent address. As the President of the Pakistan Businessmen and Intellectuals Forum an…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced an upgrade in the stability rating of the MCB Government Securities Fund, elevating it from AA- to AA. The fund, characterized by its moderate risk profile, is tailored for invest…
ISLAMABAD: Oil and Gas Development Company Limited (OGDC) held an analyst briefing session to discuss its financial performance and future outlook amidst declining earnings and ongoing production challenges.
The company reported a 7% year-on-year dr…
Karachi: TPL Corp Limited, the holding company for TPL Group, has seen its financial stability challenged amidst strategic investments and asset divestments. The Pakistan Credit Rating Agency Limited (PACRA) recently revised TPL Corp Limited’s instrum…
Karachi: The Exchange Companies Association of Pakistan released the latest currency exchange rates on November 3, 2025, indicating marginal fluctuations in the buying and selling rates of major foreign currencies against the Pakistani Rupee in the in…
Karachi: The Chairman of Bank Alfalah, Sheikh Nahayan bin Mubarak Al Nahayan, alongside the Board of Directors, has authorized an additional $5 million to support communities affected by the 2025 floods. This commitment elevates the bank’s total flood…
KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) recently revised the instrument rating of TPL Corp Limited, reflecting the holding company’s evolving financial challenges. TPL Corp, a key player in multiple sectors through its subsidiaries,…
Karachi: The Karachi Stock Exchange’s KSE-100 index reported a significant increase, closing at 161,632 after gaining 4,899 points on Friday. Trading volumes rose to 953 million shares, compared to 848 million shares in the previous session. Analysts …
Berlin:President Asif Ali Zardari has emphasized the need for expanding political, economic, and defense cooperation between Pakistan and Germany during his visit to Berlin. He met with the Federal President of Germany, Frank-Walter Steinmeier, to dis…
