Karachi: In a dramatic turn of events, the US dollar surged to an unprecedented level against the Pakistani rupee, reaching a record high of 283.30 in the open market. This alarming spike has raised concerns about the nation’s economic stability and i…

Karachi: In a remarkable trading session, the Karachi Stock Exchange witnessed substantial increases across its major indices, with the KSE100 index climbing 1,226.39 points, or 0.81%, to close at 152,201.88. This surge marks a notable achievement as …

Karachi: The State Bank of Pakistan (SBP) reported the utilization of its overnight repo facility by a single institution on September 3, 2025, with a transaction involving Rs. 40,000 million. No activity was recorded for the SBP’s overnight reverse r…

Karachi: The State Bank of Pakistan released current Karachi Interbank Offered Rates (KIBOR) for various tenors, indicating stable short-term interest rates. These rates, which serve as a benchmark for lending between banks, showed little fluctuation …

Karachi: The State Bank of Pakistan has announced an update to the currency floor for September, setting the amount at 40,000 with one institution involved.

The announcement comes as part of the central bank’s regular updates on currency operations …

Karachi: The Exchange Companies Association of Pakistan (ECAP) released the open market closing exchange rates for September 3, 2025, reflecting stable currency valuations in the country’s exchange market.

The US dollar closed at a buying rate of 28…

Karachi: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has spotlighted Balochistan’s potential as a green energy powerhouse at the recently concluded Balochistan Green Energy and Industrial Development Conference. Held in collabo…

Karachi: The HBL Pakistan Manufacturing PMI has shown a slight decline, dropping to 50.1 in August from 50.5 in July, marking the lowest point since the inception of the series. Developed by S and P Global, the index provides an early indication of in…