Business

This category covers all news related Business & Finance

PACRA Retains Stability Rating for Atlas Income Fund Amidst Moderate Risk Profile

Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has opted to maintain the stability rating of the Atlas Income Fund ("AIF" or the "Fund"), highlighting the fund's moderate risk profile. With an investment objective centered on securing compet...

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Unilever Pakistan and SEED Ventures Introduce ‘2nd Life Pakistan’ for Advanced Plastic Waste Management

Islamabad, Unilever Pakistan, in collaboration with SEED Ventures, has launched '2nd Life Pakistan', an initiative specifically designed to address plastic waste and promote sustainable waste management throughout Pakistan. This effort seeks to harness...

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PSO Anticipated to Post Elevated Earnings in 1QFY24, While PSMC’s 3QCY23 Earnings Expected to Show Decline

Karachi, Pakistan State Oil (PSO) is projected to announce a notable profit after tax (PAT) of PkR18.3bn for 1QFY24, marking a significant increase from the same period last year. The hike can be attributed to increased gross margins, especially on reg...

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Thai Ambassador Urges Resolution of LCs and Currency Repatriation for Boosting Foreign Investment

Karachi, In a bid to create a more business-friendly environment in Pakistan, the Ambassador of Thailand, Chakkrid Krachaiwong, has emphasized the need to resolve issues pertaining to Letter of Credit (LC) and the repatriation of foreign currency. He e...

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Trade Expo Indonesia Amplifies Indonesia-Pakistan Economic Ties

Jakarta, Amidst an atmosphere of growing bilateral trade relations, the 38th “Trade Expo Indonesia” in Jakarta became the centerpiece for discussions between Indonesian and Pakistani trade representatives. Inaugurated by Indonesia's Coordinating Minist...

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Mohamed Essa Al Taheri Appointed as U Microfinance Bank’s Acting President and CEO

Islamabad, U Microfinance Bank has ushered in a new leadership era with the appointment of Mr. Mohamed Essa Al Taheri as its Acting President and CEO. Already familiar with U Bank's operations through his role on the Board of Directors, Mr. Al Taheri b...

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