Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned a preliminary debt instrument rating to Nishat Mills Limited (NML) for its PKR 7 billion privately placed term sukuk (PPSTS). NML, a major player in Pakistan’s textile sector and t…
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: Systems Limited (SYS) has reported a significant rise in its third-quarter earnings for 2025, with a consolidated profit after tax of Rs2.8 billion, equivalent to earnings per share (EPS) of Rs1.90. This marks a 28% increase compared to the s…
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 textile sector in Pakistan is poised for a significant upturn in profitability during the first quarter of fiscal year 2026, driven by enhanced gross margins and a reduction in finance costs, according to an analysis by AKD Securities Lim…
Karachi: Meta has officially launched its artificial intelligence platform, Meta AI, in Urdu for users in Pakistan. The announcement was made during the “Future in Focus: AI and Innovation” event, held in collaboration with the Ministry of Information…