Bank of Punjab Receives SBP Approval to Establish Overseas Wholesale Banking Unit in Bahrain
Bank of Punjab has received in-principle approval from the State Bank of Pakistan to establish an Overseas Wholesale Banking Unit in Bahrain, subject to regulatory clearances from Pakistan and Bahrain.
SECP Forms High Level Working Group To Reform Pakistan’s Corporate Debt Market
Securities and Exchange Commission of Pakistan has formed a high level working group to reform the corporate debt market by reducing issuance costs and timelines, improving credit ratings and expanding participation.
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.
PACRA Upgrades Askari Bank Rating to AAA with Stable Outlook
The Pakistan Credit Rating Agency upgrades Askari Bank long term credit rating to AAA with a stable outlook highlighting financial resilience and growth.
Pakistan Credit Rating Agency Resolves to Dilute Equity Stake in Tasdeeq Information Services by Passing on Rights Issue
The Pakistan Credit Rating Agency decides against subscribing to the new rights issue of Tasdeeq Information Services Limited reducing its total corporate shareholding.
PACRA Upgrades Faysal Bank Long-Term Rating to AA+ Following Successful Islamic Transition
Faysal Bank Limited receives a long-term entity rating upgrade from PACRA to AA+ driven by strong digital growth, retail deposit surges, and Islamic banking leadership.
PACRA maintains A+ rating for Secure Logistics Trax Group following strategic merger and fintech expansion
PACRA has maintained the long-term entity rating of Secure Logistics Trax Group at A+ with a stable outlook, reflecting its strengthened market position, successful merger, and fintech-driven diversification strategy.