Karachi: Systems Limited (SYS) has announced the acquisition of Confiz Limited, marking a significant expansion in its capabilities and market reach. The acquisition, conducted through a 100% share swap, is expected to enhance Systems Limited’s revenu…
Karachi: The State Bank of Pakistan (SBP) has reduced its policy rate by 50 basis points to 10.50%, surprising many who anticipated rates would remain unchanged. This decision, announced by the Monetary Policy Committee (MPC), reflects optimism about …
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has criticized the State Bank of Pakistan’s decision to reduce the policy interest rate by 0.5 percent, arguing that the minor adjustment fails to address the pressing economic challenges …
Karachi: System Limited (SYS) conducted its corporate briefing today to discuss the third quarter results for the calendar year 2025 and its future outlook. The company reported a notable increase in earnings per share (EPS) of Rs1.90, marking a 46% i…
Karachi: The Exchange Companies Association of Pakistan (ECAP) released its open market closing exchange rates for December 15, 2025, revealing mixed performance of the Pakistani rupee against major global currencies.
According to the data from the …
Karachi: The State Bank of Pakistan released its latest report on exchange rates, highlighting the buying and selling rates for various currencies against the Pakistani Rupee. The report provides insights into the weighted average customer exchange ra…
Karachi: The State Bank of Pakistan has announced the latest Karachi Interbank Offered Rate (KIBOR) for December 2025. The new rates reflect minor adjustments across various tenors, providing financial institutions with updated benchmarks for short-te…
Karachi: The President of the North Karachi Association of Trade and Industry (NKATI), Faisal Moiz Khan, has called on the State Bank of Pakistan to lower the policy rate by 2 to 3 percent in its upcoming monetary policy meeting. He advocates for a si…
Karachi: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), has voiced concern over a nationwide strike by goods transporters that is disrupting the flow of export and import goods. He has called on the governm…
Islamabad:Foreign Secretary Ambassador Asim Iftikhar Ahmad met with Deputy Prime Minister and Foreign Minister Ishaq Dar as he officially took over his new role at the Ministry of Foreign Affairs.
According to Radio Pakistan, Ishaq Dar praised Ambas…
