Business

Finance Minister Ishaq Dar has said the country's foreign exchange reserves have reached fourteen billion dollars as a result of government's efforts.Speaking in the National Assembly on Friday, he said 8.7 billion dollars are in possession of State B...

Finance Minister Mohammad Ishaq Dar says total liquid foreign reserves of the country are at 14.06 billion dollars.In a tweet on Friday, he said the State Bank of Pakistan's reserve position is also highest since October last year.Source: Radio Pakistan

Islamabad, July 20, 2023 (PPI-OT): Brig. (Retd) Aslam Khan, Chairman of Pakistan Economy Watch (PEW) said on Thursday that the country is going bankrupt but the politicians are still busy in their game. Despite the clear instructions of the IMF, the ta...

The post IMF guidelines are being violated putting agreement in danger appeared first on Pakistan Business News.

Lahore, July 20, 2023 (PPI-OT): Al Habib Capital Markets (Pvt.) Limited (“AHCML” or “the Company”) is primarily engaged in the provision of equity brokerage while income from MTS and MFS also aids the topline. The presence of a separate internal audit ...

The post PACRA Maintains Broker Management Rating of AL Habib Capital Markets (Private) Limited appeared first on Pakistan Business News.

Lahore, July 20, 2023 (PPI-OT):The Bank of Punjab has built a franchise around its name, which itself is a reflection of strong parentage. The bank enjoys a respectable position in its peer universe, also reflected by its system share. The Bank grew it...

The post PACRA Assigns Preliminary Rating of the Bank of Punjab | Additional Tier 1 Capital TFC | PKR 5bln | TBI appeared first on Pakistan Business News.

Lahore, July 20, 2023 (PPI-OT): The lingering impact of Covid-19 along with the impact of the floods in Jul’22, the portfolio credit quality has been impacted severely and the financial risk profile of the Bank has weakened. The recoveries may take tim...

The post PACRA revises the Debt Instrument Rating of Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22 appeared first on Pakistan Business News.

Lahore, July 20, 2023 (PPI-OT): Ratings reflect Sindh Engro Coal Mining Company’s (SECMC/the Company) ownership structure comprising of the Government of Sindh and financially sound business groups of the Country. In addition to ownership, Ratings also...

The post PACRA maintains Entity Ratings of Sindh Engro Coal Mining Company appeared first on Pakistan Business News.