KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the entity ratings of K-Electric Limited, the sole vertically integrated power utility in Pakistan. The affirmation comes amid the company’s ongoing efforts to ensure a stable pow…
Karachi: The State Bank of Pakistan (SBP) announced that on June 4, 2025, there was significant activity in its Overnight Reverse Repo Facility, with nine institutions engaging in transactions amounting to Rs. 418,500 million. In contrast, there were …
Karachi: The State Bank of Pakistan has announced a new ceiling for financial institutions, setting the limit at 418,500 for nine institutions. The decision, made public through a recent press release, outlines the regulatory changes without specifyin…
Karachi: Cement dispatches in May 2025 reached their highest level in nearly two years, driven by an upswing in construction activity. According to a report from AKD Securities Limited, a total of 4.65 million tons of cement were dispatched, marking a…
KARACHI: Bank AL Habib has announced a series of exclusive discounts for its customers in celebration of Eid ul Adha, offering up to 40% savings at select dining establishments across Pakistan. The offer, which applies to payments made with AL Habib D…
Dubai: Marcel Bakery, renowned for its artisanal breads and pastries, has partnered with Careem Groceries to offer its premium baked goods to customers in Dubai and Abu Dhabi. The collaboration promises delivery of chef-quality items in under 20 minut…