Karachi: Lucky Investments Limited has made history by executing Pakistan's largest-ever mutual fund launch, raising over PKR 50 billion during the Initial Public Offering of its Lucky Islamic Money Market Fund. This unprecedented achievement surpasse...
Read More »VIS Reaffirms Etihad Sugar Mills’ Credit Ratings Amid Sector Challenges
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Etihad Sugar Mills Limited, maintaining its status at 'A/A2', reflecting good credit quality and highlighting the company's ability to meet short-term obligations. The out...
Read More »Exchange Rate Revaluation Reveals Fluctuations Across Currencies
Karachi: The State Bank of Pakistan released updated exchange rates for mark-to-market revaluation by authorized dealers in foreign exchange, highlighting fluctuations across major currencies. The data reveals varied adjustments in the dollar, euro, p...
Read More »Bank Alfalah Partners with Swift to Bolster Cross-Border Payment Security
Karachi: Bank Alfalah, a prominent commercial bank in Pakistan, has announced a strategic collaboration with Swift to implement Payment Pre-validation, a solution aimed at enhancing the speed, accuracy, and security of cross-border transactions. This ...
Read More »Italian Consul General Aims to Expand Trade with Pakistan
KARACHI: The Consul General of Italy in Karachi, Fabrizio Bielli, has called for a significant increase in trade between Italy and Pakistan, proposing to double the current trade volume to $3 billion in the upcoming years. During a visit to the Karach...
Read More »Currency Exchange Rates See Minor Fluctuations Amid Market Stability
Karachi: The Exchange Companies Association of Pakistan released exchange rate figures on April 9, 2025, showing minor fluctuations in currency values against the Pakistani Rupee across various foreign currencies. The US Dollar was recorded with a b...
Read More »Pakistani Haball Secures $52 Million Funding to Expand Shariah-Compliant Services
Karachi: A leading Pakistani fintech firm, Haball, has raised fifty-two million dollars funding to expand its Shariah-compliant supply chain financing and payments services. According to Radio Pakistan, supply chain finance in Pakistan is emerging, b...
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