Karachi: The Exchange Companies Association of Pakistan reported on April 24, 2025, that the U.S. dollar and euro saw modest increases in the open market exchange rates. According to the association's data, the U.S. dollar closed at a buying rate of 2...
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Khushhali Microfinance Bank Promotes Financial Literacy Across Pakistan
Islamabad: Khushhali Microfinance Bank (KMBL) has successfully concluded its participation in the Pakistan Financial Literacy Week (PFLW) 2025, highlighting its ongoing commitment to enhancing financial awareness and promoting inclusion nationwide. ...
Read More »KIBOR Rates Show Stability Across Tenors
Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rate (KIBOR) figures, indicating stability in interest rates across different tenors. The data, published for April 24, 2025, reveals slight variations in the bid and of...
Read More »Fauji Cement’s Profitability Surges 21% Amid Improved Margins
Karachi: Fauji Cement Company Ltd. (FCCL) has reported a notable increase in its third-quarter earnings for the fiscal year 2025, with profits rising to PkR2.1 billion, a 21% year-on-year increase. The improvement, however, fell short of analyst expec...
Read More »Bitget Upgrades Liquidity Incentive Program with Top-Tier Maker Rebate for Institutional Traders
Bitget Upgrades Liquidity Incentive Program with Top-Tier Maker Rebate for Institutional Traders VICTORIA, Seychelles, April 23, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a major upgrade to its Liquidity Incentive Program, set to take effect on May 1, 2025. The revamped program introduces a more competitive fee structure, enhanced […]
Read More »PACRA Adjusts Ratings of Alfalah Securities Amid Ownership Changes
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has updated the entity ratings of Alfalah Securities (Private) Limited (ASPL), placing them on Rating Watch. ASPL, a mid-sized brokerage firm in Pakistan and a wholly-owned subsidiary of Bank ...
Read More »Maple Leaf Cement Sees Strong Earnings Boost Amid Price Hikes and Tax Relief
Lahore: Maple Leaf Cement Factory Ltd. (MLCF) reported a significant increase in its earnings for the third quarter of fiscal year 2025, driven by higher cement prices and a reduction in taxation. The company announced consolidated earnings of PKR 2.8...
Read More »FrieslandCampina Engro Pakistan Reports Decline in Dairy Sales Amid Tax Challenges
Karachi: FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the first quarter of 2025, revealing a 5.3% decline in net sales compared to the same period last year. The company attributed this downturn to the imposition...
Read More »Pakistan Army’s Operational Exercises Ongoing at Tilla Ranges
Islamabad: The exercises feature live demonstrations of modern weapons and tactics. Soldiers of Pakistan Army are showing high morale and exceptional professionalism. According to Radio Pakistan, Corps Commander Lahore, Lieutenant General Fayaz Hussa...
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