General Business News

Karachi: The State Bank of Pakistan extended significant liquidity support to financial institutions through its overnight reverse repo facility, according to a recent release by the central bank's Domestic Markets and Monetary Management Department. ...

Karachi: Dubai Islamic Bank Pakistan Limited (DIBPL) has teamed up with Fauree Tech (Pvt.) Ltd. to introduce Pakistan's first multi-product, fully Shariah-compliant Digital Supply Chain Finance (DSCF) platform. The platform aims to provide rapid and t...

Karachi: Banks in Pakistan are bracing for a challenging third quarter of the calendar year 2025, with forecasts indicating a year-over-year decline in core income. This is attributed to the contraction in net interest margins (NIMs) amid declining yi...

KARACHI: The State Bank of Pakistan released updated exchange rates, reflecting ongoing fluctuations in the currency market. As of the latest report, the Pakistani rupee continues to experience pressures against major global currencies. The data fro...

Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) has been upgraded to an AM2 rating with a Positive Outlook by the Pakistan Credit Rating Agency (PACRA). This recognition highlights the company's consistent growth and strong performance in ...

LAHORE: Mughal Iron and Steel Industries Limited has successfully maintained its entity ratings, demonstrating resilience amidst challenges in the steel sector and benefiting from macroeconomic improvements. Despite the pressures of high operational c...

Karachi: The Exchange Companies Association of Pakistan (ECAP) released its open market closing exchange rates for October 15, 2025, indicating slight fluctuations in currency values. The United States dollar was recorded at a buying rate of 281.63 an...