Business News

Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rates (KIBOR) for October 3, 2025. The rates indicate slight variations across different tenors, reflecting the ongoing market conditions. According to the data, the o...

Karachi: The Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) convened its 11th Annual General Meeting on September 30, 2025, aiming to address the significant decline in bilateral trade between Pakistan and Afghanistan. The meetin...

Karachi: BankIslami and the National Clearing Company of Pakistan Limited (NCCPL) have entered into a strategic partnership aimed at enhancing the presence of Islamic finance within the country's capital markets. The agreement, formalized through a Me...

KARACHI: The State Bank of Pakistan has announced the latest weighted average customer exchange rates, reflecting the ongoing dynamics in the currency market. These rates, which serve as a benchmark for financial transactions, provide insights into th...

Karachi: Lucky Electric Power Company Limited (LEPCL) has received an initial rating for its PKR 6 billion debt instrument, the PPSTS-22, as announced by The Pakistan Credit Rating Agency Limited. The company has set up a 660MW coal-fired power plant ...

Karachi: Urea sales in Pakistan for September 2025 are anticipated to rise by 17% compared to the same month last year, reaching 428,000 tons, according to a recent report. This increase is attributed to a low base effect, despite a 48% decline from A...

Lahore: The Water and Power Development Authority (WAPDA) has successfully consolidated its five sukuk issuances, worth PKR 52.8 billion, into a single instrument while retaining the top credit rating of "AAA" from The Pakistan Credit Rating Agency (P...