Business

Karachi: The National Bank of Pakistan (NBP) announced a remarkable financial performance for the first half of the calendar year 2025, reporting an unconsolidated profit of PkR43.5 billion, a substantial increase compared to the previous year. This s...

Karachi: United Bank Limited (UBL) recently held a corporate briefing, revealing significant financial growth and strategic initiatives. The bank announced a remarkable 103% increase in profit after tax, reaching Rs28.6 billion, and declared an EPS of...

Karachi: The Pakistan Telecommunication Authority (PTA) reported a significant increase in local mobile manufacturing and assembly, with 3.59 million units produced in July 2025. This represents a 123% year-on-year growth and a 64% month-on-month rise...

NEW YORK: Visa, a global leader in digital payments, has announced a new campaign offering exclusive travel benefits to cardholders. The initiative, valid from May 1, 2025, through April 30, 2026, aims to enhance the travel experience by providing acc...

Karachi: Pakistan Petroleum Limited (PPL), the primary operator of the Dhok Sultan block, has announced a substantial oil and gas discovery at its Dhok Sultan-03 well. This marks the second successful find by PPL at this location. PPL holds a 75% wo...

Karachi: The State Bank of Pakistan released its latest Karachi Interbank Offered Rate (KIBOR) figures, indicating slight variations across different tenors. For the 1-week tenor, the bid rate is set at 10.80, and the offer rate at 11.30. The 2-week t...

Karachi: The Exchange Companies Association of Pakistan reported slight variations in currency rates, with the US dollar, euro, and British pound experiencing marginal changes. According to the association, the US dollar was traded at buying and selli...