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KARACHI: The Korangi Association of Trade and Industry (KATI) has labeled the State Bank of Pakistan's decision to maintain its policy rate at 11% as a temporary measure in response to current global and regional challenges. Junaid Naqi, the KATI Pres...
Read More »Business Leaders Express Frustration Over Unchanged Monetary Policy
Karachi: Business and industry leaders in Pakistan have expressed their dissatisfaction with the State Bank of Pakistan's decision to maintain the current policy rate, citing concerns over its disconnect with the nation's inflation figures and economi...
Read More »PTCL Group and TPL Insurance Join Forces to Launch Device Financing for Enterprises
Islamabad: PTCL Group, the leading telecommunication and digital services provider in Pakistan, has partnered with TPL Insurance to introduce a financial guarantee system. This initiative is designed to facilitate the adoption of digital tools, handhe...
Read More »Airlink Communication’s Initial Credit Rating Highlights Strong Fundamentals Amid Industry Growth
Karachi: Airlink Communication Limited, a prominent player in Pakistan's mobile phone distribution and assembly sectors, has been assigned initial credit ratings by the Pakistan Credit Rating Agency (PACRA). These ratings underscore the company's robu...
Read More »Currency Exchange Rates Show Little Movement in Pakistan
Karachi: The Exchange Companies Association of Pakistan reported minimal changes in the currency exchange rates on June 16, 2025. According to the data, the US dollar traded at 283.53 for buying and 285.34 for selling, indicating a stable market. Th...
Read More »Allied Bank and Paysys Labs Launch Pilot for Cross-Border Payment Innovation
Karachi: Allied Bank, a leading commercial institution in Pakistan, has announced a strategic partnership with Paysys Labs to pilot the Interledger Protocol (ILP) for cross-border payments. This initiative marks a significant step in enhancing the eff...
Read More »KIBOR Rates Show Mixed Trends Across Tenors
Karachi: The Karachi Interbank Offered Rate (KIBOR) displayed a range of activity across different tenors, as reported by the State Bank of Pakistan on June 16, 2025. The data reveals slight variations in both bid and offer rates for the short and lon...
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