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: 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: The State Bank of Pakistan has released the latest figures for the weighted average customer exchange rates as of April 22, 2025. The data includes buying and selling rates for a range of currencies, providing insight into the current state o…

Karachi: The State Bank of Pakistan released the latest figures for treasury bill rates on Tuesday, providing updated bid and offer values for various tenors ranging from one week to one year. These rates are crucial indicators for the country’s finan…

Karachi: VIS Credit Rating Company Ltd. has reaffirmed the Broker Fiduciary Rating of Darson Securities (Private) Limited at BFR3+, signifying the company’s good fiduciary standards. The outlook remains stable, as announced in the previous rating acti…

Beijing: The International Olympic Committee (IOC) and technology company TCL have announced a long-term partnership extending to 2032, aimed at enhancing the experience of the Olympic and Paralympic Games for fans and athletes. TCL will provide digit…