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Karachi: The State Bank of Pakistan has established a new monetary floor for institutional transactions, according to a recent press release. The announcement outlines a floor amounting to 67,000 for a single institution, which will take effect on May...
Read More »KIBOR Rates Reflect Stability in Short-Term Lending Market
Karachi: The State Bank of Pakistan released its latest Karachi Interbank Offered Rate (KIBOR) figures, showing a steady trend in short-term lending rates as of May 26, 2025. The data indicates minimal fluctuations in the bid and offer rates over diff...
Read More »Exchange Rates Steady as Dollar Holds Value Against Pakistani Rupee
Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for major currencies in the open market as of May 26, 2025, indicating a stable trend in currency values. The U.S. dollar was listed at 283.01 for buyin...
Read More »Fluctuations in Exchange Rates Reported by State Bank of Pakistan
KARACHI: The State Bank of Pakistan released its latest data on weighted average customer exchange rates, revealing minor fluctuations in the buying and selling prices of major currencies. The report, issued by the Domestic Markets and Monetary Man...
Read More »Saudia Airlines Transforms Hajj Experience with Innovative Services
Riyadh: The national flag carrier of Saudi Arabia, Saudia Airlines, is dramatically reshaping the Hajj pilgrimage experience by introducing innovative services and comprehensive travel solutions for 2025 and beyond. This initiative marks a significant...
Read More »NEPRA Sets New Tariffs for K-Electric, Ensuring Stability and Predictability
Karachi: The National Electric Power Regulatory Authority (NEPRA) has approved new transmission and distribution tariffs for K-Electric, spanning a control period of seven years from fiscal year 2024 to 2030. This decision aligns the implementation of...
Read More »Pakistan Business Forum Urges Adoption of Molten Salt Solar Plants to Tackle Balochistan Power Woes
Quetta: The Pakistan Business Forum (PBF) Balochistan has proposed a strategic energy solution to mitigate the severe power crisis plaguing the province. Maqbool Alam Noori, Secretary General of PBF Balochistan, called on the government to consider th...
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