Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Foundation Securities (Pvt) Limited at ‘A/A2’, with a stable outlook. The long-term rating of ‘A’ indicates good credit quality and adequate protection factors, though ris…
LAHORE: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its rating of Mughal Iron and Steel Industries Limited, a significant player in the steel industry, as the company continues to navigate industry-wide challenges. Mughal faces su…
Karachi: VIS Credit Rating Company Limited has announced a review of Artistic Denim Mills Limited, marking a significant development for the denim manufacturing entity. The review process, described as a “Review Initiated,” indicates that a thorough e…
Karachi: The State Bank of Pakistan released updated exchange rates for mark-to-market revaluation by authorized dealers in foreign exchange, highlighting fluctuations across major currencies. The data reveals varied adjustments in the dollar, euro, p…
Karachi: Bank Alfalah, a prominent commercial bank in Pakistan, has announced a strategic collaboration with Swift to implement Payment Pre-validation, a solution aimed at enhancing the speed, accuracy, and security of cross-border transactions. This …
Karachi: The Exchange Companies Association of Pakistan released exchange rate figures on April 9, 2025, showing minor fluctuations in currency values against the Pakistani Rupee across various foreign currencies.
The US Dollar was recorded with a b…