General Business News

Karachi: The AKD Cement Universe is expected to witness a significant earnings increase of 28% year-over-year in the third quarter of the fiscal year 2025, according to a recent projection. This growth is attributed to higher retention prices and redu...

Karachi: The State Bank of Pakistan has announced updated credit limits for financial institutions, effective April 17, 2025. The revised limits set a ceiling of 57,000 for two institutions and a floor of 345,000 for an additional two institutions. ...

Karachi: The State Bank of Pakistan released updated figures for weighted average customer exchange rates, revealing fluctuations in the buying and selling rates of various foreign currencies against the Pakistani Rupee. The data, current as of April ...

Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rate (KIBOR) data on Thursday, revealing a subtle shift in the country's financial landscape. The KIBOR rates, which serve as a benchmark for lending between banks, show...

Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates in the open market on April 17, 2025, showing fluctuations in the buying and selling prices of major currencies against the Pakistani Rupee. The US do...

Karachi: The State Bank of Pakistan (SBP) has released the latest data on its overnight repo and reverse repo facilities. The figures reveal that on April 17, 2025, two institutions accessed the SBP's overnight repo facility, drawing a total amount of...

Karachi: The State Bank of Pakistan has announced the latest weighted average customer exchange rates for major foreign currencies. The rates are provided for both buying and selling, reflecting the bank's commitment to transparency in currency transa...