Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the open market closing exchange rates on June 3, 2025, showing stability of the Pakistani rupee against major international currencies. According to the ECAP, the US dollar was b…
Karachi: In a recent announcement, the State Bank of Pakistan has outlined new financial ceilings and floors for institutions, effective from June 3, 2025. This development marks a significant adjustment in the monetary framework governing financial e…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upheld the stability rating of the Pak Qatar Khalis Bachat Plan, a medium-risk Shariah-compliant investment offering under the Pak Qatar Islamic Income Fund. This affirmation underscores th…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has upheld the stability rating for the Pak Qatar Income Plan, part of the Pak Qatar Islamic Income Fund. The plan, aimed at corporate and high net worth investors, offers a low-risk profile w…
KARACHI: Standard Chartered Pakistan and Emirates have formed a strategic partnership to enhance the benefits available to Standard Chartered Credit Card holders, according to a press release issued by the bank. The agreement, formalized through a Mem…
Lahore: MG Pakistan has taken decisive steps to address recent geopolitical disruptions by airlifting crucial vehicle components, ensuring on-time delivery of its MG HS PHEV – True Hybrid Electric vehicles. The measures aim to mitigate delays caused b…
Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rate (KIBOR) figures, showing marginal fluctuations across various tenors. The data, relevant as of June 3, 2025, indicates a stable lending environment in the count…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned preliminary ratings to a PKR 1 billion sukuk issued by Beacon Impex (Pvt.) Limited, highlighting the company’s strong position in Pakistan’s textile sector, especially in the speci…