Karachi: In a striking development, Sazgar Engineering (SAZEW) has revised its earnings projections for the fiscal year 2027 upwards by a significant 61%, signaling a positive outlook for the automotive manufacturer. The change comes after the company…
Karachi: In a remarkable turn of events, the US dollar has surged to a significant high against the Pakistani rupee, reflecting the underlying economic uncertainties gripping the domestic markets. According to the latest figures from the State Bank of…
Karachi: The currency market in Pakistan witnessed a notable surge as the US Dollar soared to unprecedented levels in the open market, according to the latest figures released by the Exchange Companies Association of Pakistan (ECAP).
As of Septembe…
Karachi: The Karachi Interbank Offered Rate (KIBOR) has shown significant fluctuations across various tenors, indicating a wave of economic uncertainty. As per the data released by the State Bank of Pakistan on September 30, 2025, the rates have exper…
Karachi: In a recent announcement, The Pakistan Credit Rating Agency Limited (PACRA) upheld the stability rating of the ABL Islamic Sovereign Fund (ABL ISF), noting the fund’s continued adherence to its medium-risk strategy. Despite its strong perform…
Islamabad: In a noteworthy development, the Pakistan Credit Rating Agency (PACRA) has decided to maintain the Insurer Financial Strength (IFS) rating of The United Insurance Company of Pakistan Limited at an impressive AA+. This decision comes on the …