Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its stability rating for the Al Ameen Islamic Income Fund, emphasizing the Fund’s commitment to providing competitive returns through high-quality, Shariah-compliant investments…
Karachi: The State Bank of Pakistan (SBP) maintained its policy rate at 11.0%, citing an improved economic outlook and the ongoing effects of previous rate reductions. The decision was announced today during a post-monetary policy statement briefing b…
Karachi: The SITE Association of Industries (SAI) has issued a strong critique of Pakistan’s telecom operators and internet service providers, citing persistent network problems that they argue are hindering business activities.
Industrialists from…
Karachi: Interloop Ltd. (ILP) has released its financial results for the first quarter of fiscal year 2026, recording a substantial increase in profitability. The company reported a profit of PKR 2.8 billion (EPS: PKR 2.0), marking a 12.6-fold increas…
Karachi: Pakistan International Airlines (PIA) has resumed direct flights to Western markets, a move hailed as a strategic milestone for national trade and a vital precursor to the airline’s privatization. Mian Zahid Hussain, President of the Pakistan…
KARACHI: The President of the North Karachi Association of Trade and Industry (NKATI), Faisal Moiz Khan, has expressed his dissatisfaction with the State Bank of Pakistan’s decision to maintain the policy interest rate at 11 percent. This decision, he…