Pacra maintains Soneri Bank rating

KARACHI: Pakistan Credit Rating Agency (Pacra) has maintained its long- and short-term rating for Soneri Bank at AA- and A1+, respectively, keeping its outlook on the bank stable.

Dot and Line raises seed round

KARACHI: Dot and Line, an edtech startup focusing on after-school mathematics education, raised an undisclosed investment in seed round led by Sarmayacar, a Pakistan-focused venture capital firm.

The startup will use the funding to add English literacy to their product offering, work on product development and expand further in Karachi and Lahore.

Thal hints at foreign acquisition plans

KARACHI: Thal Industries Ltd board of directors announced their plans to potentially acquire sugar mills outside Pakistan with Almoiz Industries and Naubahar Bottling Company — two associated companies.

Published in Dawn, June 25th, 2019