Lahore: The Pakistan Credit Rating Agency Limited has maintained the long-term rating of The Bank of Punjab at AA-, with a stable outlook, in its latest review of the bank’s Additional Tier 1 Capital Term Finance Certificates. The ratings, which refle…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the ratings for The Bank of Punjab’s debt instrument TFC II, maintaining a long-term rating of AA with a stable outlook. The Bank’s deposit base has shown significant growth, yet…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its ratings for The Bank of Punjab (BOP) Tier 2, TFC-III, issued in April 2023. The ratings, which remain at “AA” for long-term debt instruments with a stable outlook, reflect th…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term AA- rating for The Bank of Punjab’s Additional Tier 1 Capital TFC, amounting to PKR 3.95 billion, with a stable outlook. The affirmation reflects the bank’s solid p…
Karachi: D.G. Khan Cement Company Ltd (DGKC) is forecasted to benefit substantially from the ongoing monetary easing cycle, paving the way for improved financial metrics and an enhanced stock valuation by December 2025. Analysts have reiterated a ‘Buy…
KARACHI: Pakistan State Oil (PSO) and Attock Petroleum Limited (APL) have projected notable financial outcomes for the second quarter of fiscal year 2025, with PSO anticipating a significant profit increase and APL expecting a marginal decline in prof…
Sialkot: In a recent statement, Mr. Ikram ul Haq, President of the Sialkot Chamber of Commerce and Industry (SCCI), voiced significant concerns from the local business community over challenges in the attestation and Apostille of key trade documents r…
Islamabad: Bank Alfalah has announced a significant collaboration with The Citizens Foundation (TCF) to support communities affected by the 2022 floods in Pakistan. The initiative, part of Bank Alfalah’s Flood Relief Program, allocates an additional P…
Karachi: The exchange rates for several major currencies, including the US dollar, euro, and British pound, displayed slight variations in Pakistan over a one-day period, reflecting ongoing fluctuations in the interbank market. These adjustments are p…
KARACHI: Siemens (Pakistan) Engineering reported a significant loss of PkR2.0 billion for the fiscal year 2024, a stark contrast to the profit of PkR970.8 million recorded in FY23. Despite an increase in revenue, the company faced challenges that cont…