AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
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...
Read More »Currency Crisis Looms: Sharp Fluctuations in Exchange Rates Raise Concerns
Karachi: A dramatic shift in currency exchange rates is sending ripples through financial markets, as the Exchange Companies Association of Pakistan reports notable fluctuations in various foreign currencies against the Pakistani Rupee. The most alarm...
Read More »Pakistan’s Oil Marketing Companies Experience 7% Surge in Sales Amid Economic Recovery
Islamabad: Pakistan's Oil Marketing Companies (OMCs) have reported a notable 7% year-on-year increase in sales for August 2025, reaching 1.3 million tons. This growth, complemented by a 6% rise compared to the previous month, signals a gradual economi...
Read More »Arif Habib Limited Joins CDC’s RAAST Aggregator for Real-Time Fund Transfers
Karachi: The Central Depository Company of Pakistan (CDC) has onboarded Arif Habib Limited to its RAAST Aggregator Platform, marking a significant advancement in enabling secure, instant fund transfers for investors. This strategic integration, suppor...
Read More »Pakistan Fertilizers See Remarkable Surge: Urea Sales Soar by 46% in August 2025
Islamabad: Pakistan's fertilizer industry witnessed a significant upturn in August 2025, with urea sales surging by an impressive 46% year-on-year and 34% month-on-month. The sales volume reached an estimated 816,000 tons, driven primarily by sustaine...
Read More »Pakistan Banks’ Profitability Surges Amid Interest Rate Challenges
Karachi: Despite a challenging interest rate environment, Pakistan's listed banks have reported a remarkable surge in profitability, reaching Rs168 billion, marking a 22% increase year-on-year (YoY) and a 3% rise quarter-on-quarter (QoQ) in the second...
Read More »