Karachi: Federal Minister for Interior and Narcotics Control, Syed Mohsin Raza Naqvi, addressed the growing concern over widespread visa rejections by the UAE, announcing plans to meet with the UAE Interior Minister to discuss the issue, which notably affects Pakistani citizens in the business community. He expressed optimism about reaching
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned an initial stability rating to the Pak Oman Micro Finance Fund. This fund is an innovative low-risk investment solution that aims to offer competitive returns through a specialized focus on Pakistan’s burgeoning microfinance sector. It strategically targets high-quality microfinance debt
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Alhamra Government Securities Fund. This decision underscores the Fund’s sustained performance and its strategic focus on conservative investments within the Islamic finance sector. According to Pakistan Credit Rating Agency Limited, the Alhamra Government Securities Fund
Lahore: PACRA has sustained the stability rating of the MCB DCF Fixed Return Fund II, noting its conservative financial structure. The Fund has invested approximately 99.66% of its assets in Government-rated instruments, which underscores a strong commitment to maintaining a low-risk profile. Additionally, 0.28% of the assets are allocated to
Lahore: PACRA has reaffirmed the stability rating of MCB DCF Fixed Return Fund III, reflecting the fund’s strategic focus on low-risk investments. The fund’s portfolio is primarily composed of short-term sovereign instruments, with an overwhelming 99.6% invested in Treasury Bills. A minimal 0.3% of the fund’s assets are placed with
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has announced the maintenance of the entity ratings of Engro Elengy Terminal (Private) Limited (EETPL). The terminal, boasting an impressive operational availability of 95% during the period, continues to benefit from technically sound operations and robust maintenance managed by Excelerate Energy (EE),
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Engro Polymer and Chemicals Limited (EPCL). This decision comes in light of the company’s strategic initiatives and challenges faced by the global PVC industry, which saw prices revert to pre-COVID levels due to subdued demand in
Karachi: The State Bank of Pakistan has released the latest weighted average customer exchange rates for various currencies, providing insights into the buying and selling rates effective as of today. The data aims to inform stakeholders including businesses, investors, and individuals engaged in international transactions. According to State Bank of