FLASHNEWS:

Day: June 23, 2025

MCB Islamic Bank Fortifies Position in Islamic Banking

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 …

Pakistan’s Oil Supply Resilience Amid Middle East Tensions

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…

PACRA Affirms Stability Rating for UBL Cash Fund

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 …