Lahore: PACRA has assigned preliminary ratings to Mughal Iron and Steel Industries Limited’s syndicated term finance certificate (TFC) amounting to PKR 2.5 billion. The ratings come as the company navigates a gradually improving economic landscape, m…

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned preliminary ratings to a medium-term Sukuk issuance by Mughal Iron and Steel Industries Limited, valued at PKR 2.5 billion. The move comes as the steel manufacturer seeks to bolst…

Karachi: The State Bank of Pakistan has announced new Karachi Interbank Offered Rates (KIBOR), indicating stability in short-term lending rates. The rates, effective as of March 2, 2026, show slight variations across different tenors, with the one-wee…

Karachi: The Exchange Companies Association of Pakistan (ECAP) has released the closing exchange rates for key currencies in the open market as of March 2, 2026. The U.S. dollar was traded at a buying rate of 279.33 and a selling rate of 280.50. The E…

Karachi: The State Bank of Pakistan has announced the weighted average customer exchange rates for March 2, 2026. The exchange rates show the buying and selling rates of major currencies against the Pakistani Rupee, including the US Dollar, Euro, and …

Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called for urgent measures to protect Pakistan’s economy from the escalating conflict in the Middle East. He emphasized the potentia…