Business News

Karachi: Allied Bank, a leading commercial institution in Pakistan, has announced a strategic partnership with Paysys Labs to pilot the Interledger Protocol (ILP) for cross-border payments. This initiative marks a significant step in enhancing the eff...

Karachi: The Karachi Interbank Offered Rate (KIBOR) displayed a range of activity across different tenors, as reported by the State Bank of Pakistan on June 16, 2025. The data reveals slight variations in both bid and offer rates for the short and lon...

Karachi: Allied Bank, a leading commercial institution in Pakistan, has announced a strategic partnership with Paysys Labs to pilot the Interledger Protocol (ILP) for cross-border payments. This initiative marks a significant step in enhancing the eff...

Karachi: The ABL Cash Fund, a low-risk investment vehicle, continues to show stability and resilience, maintaining a robust creditworthiness profile and immediate liquidity access for its investors. The Pakistan Credit Rating Agency Limited (PACRA) ha...

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has assigned initial entity ratings to ZKB Construction (Pvt.) Limited, a special purpose vehicle (SPV) established to facilitate Shariah-compliant funding through Sukuk issuance for Zahir Kha...

Lahore: The Lahore Chamber of Commerce and Industry has condemned the Israeli attack on Iran, describing it as a grave breach of international norms and a threat to regional and global peace. LCCI leaders called for decisive international action in re...

Karachi: The State Bank of Pakistan (SBP) provided an update on its overnight repo and reverse repo facilities, revealing the activity levels for June 16, 2025. The report indicates that three institutions accessed the SBP's overnight repo facility, u...