Business

LAHORE: Mughal Iron and Steel Industries Limited has successfully maintained its entity ratings, demonstrating resilience amidst challenges in the steel sector and benefiting from macroeconomic improvements. Despite the pressures of high operational c...

Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) has been upgraded to an AM2 rating with a Positive Outlook by the Pakistan Credit Rating Agency (PACRA). This recognition highlights the company's consistent growth and strong performance in ...

Islamabad: Pakistan and the International Monetary Fund have reached a staff level agreement for the second review under the Extended Fund Facility, alongside the first review of the Resilience and Sustainability Facility. The agreement, finalized on ...

Lahore: Sazgar Engineering Works Limited (SAZEW) reported a robust financial performance for the first quarter of fiscal year 2026, surpassing industry expectations. The company announced a profit of Rs4.4 billion, translating to earnings per share (E...

Karachi: Baluchistan Glass Ltd. (BGL) announced an increased loss for the fiscal year 2025, with the company citing prolonged production shutdowns, rising raw material and energy costs, and higher financing expenses as key factors impacting its financ...

KARACHI: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rates (KIBOR), providing insights into the cost of borrowing for various tenors as of October 15, 2025. The rates show a slight variance across different timeframes,...

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the ABL Income Fund, acknowledging its medium-risk profile and strategic allocation that aims to deliver competitive risk-adjusted returns. The Fund's app...