Islamabad: In a robust display of economic support, overseas Pakistani workers remitted a record $30.3 billion back home during the fiscal year 2023-24, as per the State Bank of Pakistan (SBP). This marks a significant increase of 10.7% from the previ…
Karachi: VIS Credit Rating Company Limited has assigned a preliminary rating of ‘A-1+’ to the proposed Short-Term Sukuk VI (STS-VI) of Pakistan Telecommunication Company Limited (PTCL), amounting to PKR 10 billion. This rating indicates the highest ce…
Karachi: VIS Credit Rating Company Limited (VIS) has officially announced the maturity of the TFC-I, a Basel 3 Compliant Tier-II debt instrument issued by U Microfinance Bank Limited (UMBL), valued at Rs. 600.0 million. The financial instrument, which…
Karachi: In a significant move to support local industries, the Sindh Food Authority (SFA), directed by Muzamil Hussain, has granted a two-month grace period to businesses in Korangi to improve their food quality standards. This decision follows a req…
Karachi: The Salt Manufacturers Association of Pakistan (SMAP) has urgently requested intervention from Prime Minister Shahbaz Sharif and the Federal Minister of Communications, Abdul Aleem Khan, regarding the misuse of axle load regulations by transp…
Karachi: During a recent meeting, leaders from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) emphasized the need for Pakistan to negotiate a Free Trade Agreement (FTA) with Indonesia. This agreement aims to correct the significa…
Karachi: Recent data from the Exchange Companies Association of Pakistan reveals slight changes in the buying and selling rates of major currencies including the USD, EURO, and GBP among others in the local market over two consecutive days.
Accordin…
Karachi: A pivotal public hearing on the new Shariah Standard on Sukuk was jointly hosted by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and Meezan Bank at the Movenpick Hotel. The session brought together key …
Islamabad: The Benazir Income Support Programme (BISP) Chairperson Rubina Khalid met with senior officials from JazzCash at the BISP headquarters to discuss the mobile financial service provider’s arrangements for the upcoming disbursement tranche aim…
Faisalabad: Pakistan Aluminium Beverage Can Ltd (PABC) has updated its investment stance from “Buy” to “Hold” after the stock’s price increased by over 50% since October 2023. This adjustment comes in response to recent budgetary changes that have sig…