FLASHNEWS:

Category: Business

VIS Reaffirms Globe Residency REIT Rating Amid Economic Challenges

Karachi: The VIS Credit Rating Company Limited has reaffirmed the Development REIT rating of Globe Residency REIT (GRR) at ‘RFR2 (dr)’, indicating a high likelihood of successful project implementation despite various economic challenges. The outlook …

Exchange Rates Show Minor Variations Across Currencies

Karachi: The State Bank of Pakistan released its latest figures on February 12, 2025, revealing the weighted average customer exchange rates for various currencies. The report indicates slight fluctuations in both buying and selling rates across diffe…

Currency Exchange Rates Announced for Mark to Market Revaluation

Karachi: In a recent update, the State Bank of Pakistan has released the exchange rates for the mark to market revaluation by authorized dealers in foreign exchange. The announcement outlines the rates for several major currencies, including the U.S. …

Pakistan’s Currency Exchange Rates Remain Stable in Open Market

Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates for February 12, 2025, showing stability in the currency market. The report detailed the buying and selling rates for several major global currencies, i…

KIBOR Rates Show Modest Fluctuations Across Tenors

Karachi: The Karachi Interbank Offered Rate (KIBOR) for various tenors exhibited slight changes, with the highest bid rate recorded for the 1-week tenor at 11.91 percent, according to the latest figures released by the State Bank of Pakistan.

Accord…