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Category: Business

Pak Oman Micro Finance Fund Receives Initial Stability Rating

KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) has assigned an initial stability rating to the Pak Oman Micro Finance Fund, a medium-risk investment vehicle focused on the microfinance sector. This fund aims to offer competitive returns wh…

Exchange Rate Update Shows Fluctuations Across Major Currencies

Karachi: The State Bank of Pakistan has released the latest weighted average customer exchange rates, revealing fluctuations across several major currencies. According to the data, the US dollar stands at a buying rate of 283.9617 and a selling rate o…

KIBOR Rates Show Slight Decline Across All Tenors

Karachi: The Karachi Interbank Offered Rate (KIBOR) has experienced a modest decline across all tenors, according to the latest figures released by the State Bank of Pakistan. The KIBOR rates, which are pivotal for determining lending rates in the fin…