Lahore: Daewoo Pakistan Express Bus Service Limited (DPEBSL) is set to issue a third rated, secured, privately placed short-term Sukuk worth PKR 4 billion, marking a strategic financial initiative. The instrument, secured by a ranking charge over the …
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of Faysal Halal Amdani Fund, a Shariah-compliant money market fund, emphasizing its low-risk investment strategy. The fund, which aims to provide competitiv…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of Alhamra Cash Management Optimizer, an Islamic Money Market Scheme. The fund aims to deliver competitive returns through investments in liquid Shariah-comp…
KARACHI: The State Bank of Pakistan has announced updated exchange rates for several major currencies, reflecting the latest buying and selling values as of June 16, 2026. The rates, which are crucial for businesses and individuals involved in interna…
Karachi: The Exchange Companies Association of Pakistan (ECAP) reported stable exchange rates for key currencies in the open market as of June 16, 2026. The rates revealed minimal fluctuations with the US dollar buying at 278.72 and selling at 279.60,…
Karachi: The Karachi Interbank Offered Rate (KIBOR), a benchmark lending rate for banks, has shown a marginal increase across all tenors, according to the latest figures released. The changes reflect the ongoing adjustments in the financial environmen…