FLASHNEWS:

Day: June 16, 2025

PACRA Maintains Stability Rating of ABL Islamic Money Market Fund

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has announced the retention of the stability rating for the ABL Islamic Money Market Fund (ABL-IMMF), reflecting its continued low-risk profile and capacity to deliver competitive returns thro…

PACRA Reaffirms Stability Rating for ABL Financial Sector Fund

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its stability rating for the ABL Financial Sector Fund (ABL FSF), a moderate-risk investment option that focuses on capital preservation and steady growth. The Fund, known for it…

Proposed Budget Offers Mixed Prospects for Construction Sector

Karachi: The recently proposed budgetary measures provide a nuanced outlook for the construction sector, with certain incentives that may offer a modest boost, counterbalanced by several risks. The budget includes a tax credit for housing mortgages, a…

PCDMA Warns of Revenue Risks from FBR Compliance Demands

Karachi: Salim Valimuhammad, Chairman of the Pakistan Chemicals and Dyes Merchants Association (PCDMA), has raised concerns about the Federal Board of Revenue’s (FBR) escalating compliance requirements. He cautioned that these demands could lead to a …

Spotify Showcases Advertising Innovations at Cannes Lions

Cannes: Spotify has returned to the Cannes Lions International Festival of Creativity in 2025, highlighting its dynamic platform through a series of events and discussions at Spotify Beach. The festival, known for celebrating creativity, provides Spot…