Business News

Karachi: The State Bank of Pakistan has announced a new floor rate for financial institutions, effective from October 21, 2025. The latest figures reveal that the floor amount has been set at 12,000, with one institution falling under this category. ...

Karachi: Spotify took a significant step in promoting Pakistan's burgeoning Hip-Hop scene with an engaging event at the Lahore University of Management Sciences (LUMS). The initiative, titled A.S.L.I on Campus, aimed to celebrate the genre's rise and ...

Karachi: The State Bank of Pakistan (SBP) recently provided financial institutions with Rs. 12 billion through its overnight repo facility. The transaction, which took place on October 21, 2025, involved one institution availing itself of this liquidi...

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Rehan Hanif, pledged support to the business community in addressing their challenges, emphasizing the Chamber's dedication to finding solutions for traders during tou...

Karachi: Meezan Bank and Naya Nazimabad have announced a strategic partnership to launch Pakistan's first Islamic home financing facility for under-construction projects. The initiative, structured under the State Bank of Pakistan's guidelines, aims t...

Karachi: Additional Director General (South) of the Federal Investigation Agency (FIA), Mujahid Akbar Khan, announced a significant shift in the notice-issuing authority within the agency, transferring it from Investigation Officers to Deputy Director...

Karachi: Pakistan's currency exchange market witnessed notable fluctuations on Tuesday, as revealed by the latest data from the Exchange Companies Association of Pakistan. The U.S. dollar was traded at a buying rate of 281.57 and a selling rate of 2...