PACRA Raises AWT Investments Rating To AM2++ As Assets Under Management Continue Growth
PACRA upgrades AWT Investments Limited asset manager rating from AM2+ to AM2++, highlighting AUM growth, digital expansion, retail focus, and improved fund performance.
SECP Approves Transfer of Askari Life Assurance Shareholding to Fauji Foundation
SECP approves the transfer of a 51 percent majority stake in Askari Life Assurance from Army Welfare Trust to Fauji Foundation under Insurance Ordinance guidelines.
Askari Bank Entity Rating Upgraded to AAA by PACRA Following Solid H1 Growth
PACRA upgrades Askari Bank Limited long term entity rating to AAA citing strong balance sheet growth deposit mobilization and strategic ownership support.
UAE to convert $1bn SBP deposit into equity investment with Fauji Foundation
The UAE plans to convert its $1 billion deposit with the State Bank of Pakistan into an equity investment with Fauji Foundation, reducing external liabilities and boosting FDI without impacting SBP reserves.
Fauji Foundation Signs LOI With Binance for Blockchain and Crypto Collaboration in Pakistan
Fauji Foundation has signed a Letter of Intent with Binance to explore collaboration in blockchain, cryptocurrency, digital payments and Web3 in Pakistan, focusing on infrastructure, education and innovation.