State Bank of Pakistan renews the Status of VIS and PACRA as Eligible External Credit Assessment Institutions (ECAIs)

State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible / recognized External Credit Assessment Institutions (ECAIs) for the calendar year 2020. Banks and DFIs using the… Continue reading

Karandaaz and Allied Bank Join Hands for developing an Innovative Credit Scoring Model for SMEs

Islamabad: 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 developingan innovative, cash-flow based, credit scoring model for small and medium enterprises (SMEs). During this annual challenge, Karandaaz had invited ideas from entities interested in… Continue reading