KARACHI: Pakistan’s Oil Marketing Companies (OMCs) have reported a third consecutive month of increased sales, according to AKD Securities Limited. The volumetric sales for May 2025 reached 1.5 million tons, reflecting a 10% increase compared to the s…
Karachi: In a recent announcement, the State Bank of Pakistan has outlined new financial ceilings and floors for institutions, effective from June 3, 2025. This development marks a significant adjustment in the monetary framework governing financial e…
Karachi: The State Bank of Pakistan has reported a substantial utilization of its Overnight Reverse Repo Facility on June 3, 2025. According to the data released by the Domestic Markets and Monetary Management Department, six financial institutions ac…
Karachi: The Exchange Companies Association of Pakistan has released the latest foreign currency exchange rates for June 3, 2025. The announcement includes the buying and selling prices for several major currencies in the open market.
According to t…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Pak Qatar Asan Munafa Plan under the Pak Qatar Islamic Cash Fund, underscoring its low-risk profile. The Plan continues to focus on generating compet…
Karachi: Amreli Steels Limited is navigating significant financial and operational challenges, leading to a downgrade in its credit rating by The Pakistan Credit Rating Agency Limited. The company, operating in the high-risk steel sector, has seen its…