Category: General Business News

Category: General Business News

Dawlance Opens Largest Experience Store in Multan

Multan: Dawlance, a leading home appliance brand in Pakistan and a subsidiary of the international Beko group, has inaugurated its largest Experience Store in Multan. This new retail space, located strategically along the Northern Bypass, covers over …

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Key Interest Rates Published by State Bank of Pakistan

Karachi: The State Bank of Pakistan released its latest Karachi Interbank Offered Rate (KIBOR) figures, indicating slight variations across different tenors. For the 1-week tenor, the bid rate is set at 10.80, and the offer rate at 11.30. The 2-week t…

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Karachi: United Bank Limited (UBL) has demonstrated significant growth and performance, as revealed in a recent corporate briefing hosted by Topline Securities, with Mr. Muhammad Jawaid Iqbal, President of UBL, presenting the details. Over the past two years, UBL witnessed a remarkable 98% increase in deposit growth, substantially outpacing the industry average of 40%. Current deposits soared by 114%, further emphasizing the bank’s robust financial health.

UBL’s revenue and pretax profit have seen remarkable increases, with 131% and 185% growth, respectively, marking the highest among the top 20 listed companies on the exchange over the last two years. The bank’s stock performance has been impressive, y…

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DPM Reviews Preparations for 2027 SCO Summit in Pakistan

Islamabad:Deputy Prime Minister Ishaq Dar chaired a follow-up meeting to review preparations for the SCO Council of Heads of State Summit, which Pakistan is set to host in 2027.

According to Radio Pakistan, the meeting assessed the progress on arran…