Karachi: BankIslami, a major player in the country’s Islamic banking sector, announced a Profit Before Tax (PBT) of PKR 5.49 billion for the first quarter ending March 31, 2025. Demonstrating a robust start to the year, the bank reported a 6.3% increa…
Karachi: The Association of Chartered Certified Accountants (ACCA) has taken steps to strengthen Pakistan’s business landscape through a strategic partnership with the Overseas Investors Chamber of Commerce and Industry (OICCI). During her visit to Pa…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings for Umar Spinning Mills Private Limited at ‘BBB+/A2’, indicating adequate credit quality and good likelihood of timely repayment of short-term obligations. The outlook remain…
Karachi: JS Bank has partnered with Instant Cash, a global money transfer brand, to introduce JS GharPay, Pakistan’s first door-to-door remittance service, allowing beneficiaries to receive funds directly at their homes free of charge. This collaborat…
KARACHI: VIS Credit Rating Company Limited has maintained the entity ratings of Two Star Industries Limited at ‘BBB+/A2’, indicating adequate credit quality with reasonable protection factors. The ratings outlook, however, remains ‘Negative’, reflecti…
Karachi: The State Bank of Pakistan has released updated exchange rates for the mark-to-market revaluation by authorized dealers in foreign exchange, showing minor increases across a range of currencies.
The US dollar is now at 280.8688 for the read…