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BankIslami Achieves Remarkable 255% Growth in Profit After Tax during first half of 2023 LAHORE  ( Web News ) The first half of 2023 has marked its significance for BankIslami, as it attained a notable milestone by securing a ‘AA-’ long term entity rating assigned from PACRA. This rating upgradeRead More →

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In: Commerce and Industry
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PACRA reaffirms credit rating of PMIC ISLAMABAD ( Web News ) The Pakistan Credit Rating Agency (PACRA) has maintained the long term and short term entity ratings of Pakistan Microfinance Investment Company (PMIC) at ‘AA’ (Double A) and ‘A1+’ (A One Plus) respectively. The rating reflects strong equity base, well-conceivedRead More →

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SECP prescribes rating requirement for investment in short term instruments by CISs ISLAMABAD ( Web News ) To protect unit holders’ investments in various schemes launched by asset management companies (AMCs) and to improve transparency and efficiency, the Securities and Exchange Commission of Pakistan (SECP) has specified rating requirement forRead More →

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Infinix retains position as top Pakistani smartphone brand for straight two years  LAHORE ( Web News ) Infinix being the no. 1 smartphone selling brand of Pakistan proudly announces that it has once again secured its position for being the leading smartphone brand from past two years, stated by theRead More →

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KARACHI ( Web New ) The Credit Rating of TPL Insurance has been upgraded to AA- with a stable outlook, following a statement issued by Pakistan Credit Rating Agency (PACRA). The rating reflects TPL Insurance’s strong financial position, steady growth of premiums and robust operational capabilities. Throughout the Covid-19 pandemic,Read More →

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ISLAMABAD ( Web News ) Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has registered an extraordinary feat of being the only bank in Pakistan – microfinance or commercial – to secure a ‘Positive Outlook’ credit rating from Pakistan Credit Rating Agency (PACRA) in its latest Credit Rating AssessmentsRead More →

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KARACHI (WEB DESK ) The Pakistan Credit Rating Agency Limited (PACRA) has maintained BankIslami’s long-term entity rating at A+ (short term rating at A1) with a Stable Outlook. The ratings reflect BankIslami’s sustained risk profile. The Bank’s profitability enhanced owing to asset yield driven by peaked policy rates and volumetricRead More →

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KARACHI ( PRESS RELEASE )  BankIslami Pakistan Limited, while fulfilling its vision of providing innovative Shariah complaint products and services to the customers, proudly announces Pakistan’s ‘First’ Initial Public Offering (IPO) of Additional Tier 1 Modarba Sukuk under the brand name of “BankIslami Ehad Sukuk”, which will be listed and traded onRead More →

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KARACHI ( PRESS RELEASE ) TPL Trakker Ltd., a wholly owned subsidiary of TPL Corp and Pakistan’s first IoT Company, has commenced container tracking services from Gwadar Port, serving as a catalyst for China-Pakistan Economic Corridor’s (CPEC) cargo movement. This is in line with TPL Trakker’s intent to expand itsRead More →

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ISLAMABAD (PRESS RELEASE) Karandaaz Pakistan under its third round of Innovation Challenge Fund (ICF) has signed an agreement with Allied Bank Limited (ABL) to support the bank for developing an innovative, cash-flow based, credit scoring model for small and medium enterprises (SMEs). During this annual challenge, Karandaaz had invited ideas fromRead More →