Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced that it will maintain the long-term entity rating of A+ for Soneri Bank Limited’s Tier 2 Capital Term Finance Certificate (TFC) valued at PKR 4 billion. The outlook remains stable…
Islamabad: Pakistan is facing a severe environmental crisis, ranking among the top ten most vulnerable countries on the Climate Risk Index for the past two decades and currently listed as the fifth most vulnerable globally by the United Nations. This …
Karachi: Dolmen City REIT (DCR), Pakistan’s largest Real Estate Investment Trust, has transitioned to a new rental model, aiming to boost its financial performance despite facing a slight decline in net income. The company reported an increase in foot…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Hi-Tech Lubricants Limited at ‘A-/A2’, indicating good credit quality and sound short-term liquidity. The outlook on these ratings remains stable, demonstrating confidence…
Karachi: Currency exchange rates for the U.S. dollar, euro, British pound, Japanese yen, UAE dirham, and Saudi riyal experienced slight changes between December 28 and December 30.
According to Exchange Companies Association of Pakistan, reported th…
Karachi: Inflation is expected to see a slight increase in December 2024, reaching 4.15% year-on-year, driven by higher prices in fruits, vegetables, and increased demand for clothing due to cooler temperatures across the nation. The transport index a…