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Karachi: A remarkable upswing has been observed in the urea market with August 2025 witnessing a record-breaking surge in sales, marking the highest figures for the month in eight years. Provisional data indicates that the urea off-take for August is ...
Read More »Stock Market Surges: KSE Indexes Record Significant Gains
Karachi: In a remarkable trading session, the Karachi Stock Exchange witnessed substantial increases across its major indices, with the KSE100 index climbing 1,226.39 points, or 0.81%, to close at 152,201.88. This surge marks a notable achievement as ...
Read More »State Bank of Pakistan Reports Activity in Overnight Repo Facility
Karachi: The State Bank of Pakistan (SBP) reported the utilization of its overnight repo facility by a single institution on September 3, 2025, with a transaction involving Rs. 40,000 million. No activity was recorded for the SBP's overnight reverse r...
Read More »Short-Term Interest Rates Remain Steady, Report Shows
Karachi: The State Bank of Pakistan released current Karachi Interbank Offered Rates (KIBOR) for various tenors, indicating stable short-term interest rates. These rates, which serve as a benchmark for lending between banks, showed little fluctuation ...
Read More »State Bank of Pakistan Updates Currency Floor for September
Karachi: The State Bank of Pakistan has announced an update to the currency floor for September, setting the amount at 40,000 with one institution involved. The announcement comes as part of the central bank's regular updates on currency operations ...
Read More »Currency Rates Steady as Pakistan’s Exchange Market Closes
Karachi: The Exchange Companies Association of Pakistan (ECAP) released the open market closing exchange rates for September 3, 2025, reflecting stable currency valuations in the country's exchange market. The US dollar closed at a buying rate of 28...
Read More »Karachi: United Bank Limited (UBL) has demonstrated significant growth and performance, as revealed in a recent corporate briefing hosted by Topline Securities, with Mr. Muhammad Jawaid Iqbal, President of UBL, presenting the details. Over the past two years, UBL witnessed a remarkable 98% increase in deposit growth, substantially outpacing the industry average of 40%. Current deposits soared by 114%, further emphasizing the bank’s robust financial health.
UBL's revenue and pretax profit have seen remarkable increases, with 131% and 185% growth, respectively, marking the highest among the top 20 listed companies on the exchange over the last two years. The bank's stock performance has been impressive, y...
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