AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: In a move to modernize customs operations and reduce human interaction, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed strong support for the implementation of the Faceless Customs Assessment (FCA) system. ...
Read More »Pakistan Eyes Transformation into Regional Tech Powerhouse with Chinese Partnership
Lahore: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) underscored the burgeoning partnership between China and Pakistan in digital entrepreneurship, e-commerce, and technology-driven economic development. Zafar Iqbal, Acting Presi...
Read More »Currency Exchange Rates Show Stability Amid Economic Challenges
Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates for September 4, 2025, indicating a stable performance of the Pakistani Rupee against major currencies. The State Bank of Pakistan provided the data, re...
Read More »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 ...
Read More »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...
Read More »Auto Industry Poised for Robust Growth Amidst Challenges
Karachi: The auto industry in Pakistan is set for significant growth in August 2025, with leading manufacturers anticipated to report a year-on-year increase of 66% in sales, reaching 11,500 units. Monthly sales are projected to rise by 35%, according...
Read More »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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