KARACHI: Pakistan experienced a record high in remittance inflows in March 2025, reaching $4.1 billion, a 37% increase compared to the previous year. This surge contributed to a cumulative total of $28 billion for the first nine months of the fiscal y…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Al-Karam Textile Mills (Private) Limited at ‘A/A2’, maintaining a stable outlook despite ongoing challenges in Pakistan’s textile sector. The medium to long-term rating of…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Arshad Textile Mills Limited (ATML) at ‘BBB-/A2’, indicating adequate credit quality and a stable outlook. The ratings, which were last assessed in March 2024, reflect the…
Karachi: The State Bank of Pakistan (SBP) released data on the usage of its overnight repo and reverse repo facilities, highlighting a significant engagement by financial institutions. According to the report, on April 15, 2025, one institution access…
Islamabad: Daraz has announced the launch of its 2025 Daraz Future Leaders Programme (DFLP), targeting emerging talent in Pakistan, Bangladesh, Sri Lanka, and Nepal. The initiative is designed to develop high-potential individuals through a 15-month r…
Karachi: Banks are poised to report a 12 percent decrease in quarterly profits, amounting to approximately PkR75.1 billion, as financial results for the first quarter of 2025 are announced. The expected decline is attributed to shrinking net interest …