Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates for December 30, 2025, reflecting stable currency values in the open market. The U.S. dollar remained consistent with a buying rate of 280.55 and a sell…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Kassim Textiles (Pvt.) Limited, reflecting its stable position within the competitive textile industry. Kassim Textiles operates a fully integrated setup, …
Karachi: The Pakistan Credit Rating Agency Limited has maintained the rating of JS Bank Limited’s Tier II Term Finance Certificate worth 3.5 billion, highlighting the bank’s consolidated position following its acquisition of a majority stake in BankIs…
Karachi: BankIslami Pakistan Limited (BIPL) has experienced significant changes and growth following a strategic ownership transition, according to a press release from The Pakistan Credit Rating Agency Limited. In a major development, JS Bank Limited…
Karachi: BankIslami Pakistan Limited (BIPL), a pioneer in the country’s Islamic banking sector, has experienced significant changes and growth following a major ownership transition. In 2023, JS Bank Limited increased its stake in BIPL to 75.12%, maki…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its rating for JS Bank Limited’s (JSBL) PKR 2.5 billion Perpetual Term Finance Certificates (PPTFC). This rating reflects JSBL’s strengthened position following its majority acq…