Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of MCB Bank Limited, highlighting its expanding deposit base, strengthening core earnings, and growing market presence. The ratings underscore the Bank’s impro…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of MCB Islamic Bank Limited, affirming its strategic advancements in the Islamic banking sector. As a subsidiary of MCB Bank Limited, the bank has focused on …
KARACHI: Arab Light crude experienced significant price increases, rising over 21.3% in June 2025 and 11% since mid-June, amid escalating geopolitical tensions in the Middle East. The key factor is the Strait of Hormuz, an essential oil chokepoint tha…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the rating of Gas and Oil Pakistan Limited (GO) following a strategic partnership with Aramco, which has acquired approximately a 40% stake in the company. This partnership is anti…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its stability rating for the UBL Cash Fund, underscoring its role as a low-risk money market solution with significant liquidity and capital preservation potential. The fund is …
Karachi: Pak-Qatar Family Takaful Limited (PQFTL) has been awarded the title of Fastest Growing Family Takaful Company in Pakistan at the International Finance Awards 2025. This accolade distinguishes PQFTL as the only Takaful company from Pakistan to…
Karachi: The Exchange Companies Association of Pakistan released the latest currency exchange rates on Monday, indicating minor fluctuations in several major currencies against the local unit.
The US Dollar was quoted at 284.52 for buying and 285.89…
Karachi: PACRA has affirmed the entity ratings of Standard Chartered Bank (Pakistan) Limited, underscoring the bank’s robust franchise value and strong market position. This rating reflects SCBPL’s strategic alignment with its parent company, Standard…
KARACHI: The Benazir Income Support Program (BISP) has proposed a partnership with the Karachi Chamber of Commerce and Industry (KCCI) to empower low-income families through skill development. The collaboration, under the Benazir Hunarmand Program, ai…
Karachi: Mian Zahid Hussain, a prominent leader in Pakistan’s business community, has cautioned that efforts to isolate Iran could have devastating effects on the global economy. As Chairman of the National Business Group Pakistan and leader of severa…