Lahore: In a recent analysis, Zafar Iqbal, Vice President of the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), asserted that the long-standing dominance of the U.S. dollar in global trade is facing a significant challenge. This shift…
Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rates (KIBOR) on May 7, 2025, indicating relative stability in short-term borrowing costs, with minor fluctuations observed in longer tenors.
The published rates refle…
Karachi: The State Bank of Pakistan released the latest weighted average customer exchange rates, shedding light on the buying and selling trends of various currencies against the Pakistani Rupee. The rates provide insights into the current economic l…
Karachi: The Exchange Companies Association of Pakistan (ECAP) released its open market closing exchange rates, presenting the latest figures for currency trading. The data, sourced from the State Bank of Pakistan, showed slight fluctuations in the bu…
Karachi: The State Bank of Pakistan has released its latest financial figures, revealing a range of interest rate ceilings and floors applied to various institutions. The newly reported data, dated May 7, 2025, indicates significant variation in the a…
Karachi: The State Bank of Pakistan (SBP) has released its latest data on overnight repo and reverse repo facilities, revealing a significant utilization by financial institutions. On May 7, 2025, one institution accessed the SBP’s overnight repo faci…
Karachi: Fauji Fertilizer Company Ltd. (FFC) remains a leading player in the fertilizer sector, despite facing industry-wide challenges. The company’s strategic positioning and favorable market conditions have solidified its standing, even as it navig…
Karachi: Nokia announced that Cybernet, a leading fiber broadband provider in Pakistan, will implement Nokia’s state-of-the-art optical transport solution to establish a new long-haul Optical Fiber Cable (OFC) network. This network, capable of deliver…
Karachi: The State Bank of Pakistan (SBP) announced a surprising 100 basis point reduction in the policy rate, bringing it down to 11 percent. This move, driven by decreasing inflation, marks the seventh rate cut in the current monetary easing cycle a…
Islamabad:Kashmiris on both sides of the Line of Control and around the world will observe Black Day tomorrow to highlight India’s occupation of their homeland, which they view as illegal and contrary to their aspirations. This observance marks the an…
