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
Islamabad: Khyber Pakhtunkhwa Governor Faisal Karim Kundi called on Prime Minister Shehbaz Sharif in the capital city to discuss the recent tragic incident that took place in the Swat River. During the meeting, the Governor provided a detailed briefing on the events surrounding the incident. According to Radio Pakistan, the
Islamabad: Awami National Party President Aimal Wali Khan called on Prime Minister Shehbaz Sharif in Islamabad on Wednesday. During the meeting, views were exchanged on the overall political situation in the country. According to Radio Pakistan, the discussion between the Prime Minister and the ANP President focused on assessing the
Lahore: Punjab government’s landmark housing initiative ‘Apni Chhat, Apna Ghar’ has achieved a historic milestone by facilitating the construction of over fifty thousand houses in the month of June. According to Radio Pakistan, official data released by the Government of Punjab indicates that loans worth fifty-seven point nine billion rupees
Karachi: Ethiopian Ambassador Dr. Jamal Baker Abdullah called on Sindh Chief Minister Syed Murad Ali Shah in Karachi today. During the meeting, bilateral relations and trade cooperation between Ethiopia and Pakistan were discussed. According to Radio Pakistan, Chief Minister Syed Murad Ali Shah informed the visiting ambassador that the rehabilitation