Karachi, June 6, 2023: The State Bank of Pakistan (SBP) has officially renewed the eligibility and recognition of two credit rating agencies, VIS Credit Rating Company Limited (VIS) and The Pakistan Credit Rating Agency Limited (PACRA), as External Credit Assessment Institutions (ECAIs) until December 31, 2023.
(more…)Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
