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Karachi: In a move to modernize customs operations and reduce human interaction, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed strong support for the implementation of the Faceless Customs Assessment (FCA) system. ...
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...
Read More »Stock Market Surge: KSE100 Hits Record High Amid Global Market Fluctuations
Karachi: In a remarkable turn of events, the Pakistan Stock Exchange's KSE100 index soared to an unprecedented level of 152,201.88, marking a dramatic day in the nation's financial landscape. This historic peak represents a significant gain of 1,226.4...
Read More »UBL Reports Strong Profit Growth Amidst Challenging Economic Conditions
Karachi: United Bank Ltd (UBL) has reported a robust financial performance in the first half of the calendar year 2025, with unconsolidated profits soaring to PkR63.8 billion, marking a 2.2-fold increase compared to the same period last year. This gro...
Read More »Currency Crisis: USD Hits Record High Against PKR
Karachi: In a dramatic turn of events, the US dollar surged to an unprecedented level against the Pakistani rupee, reaching a record high of 283.30 in the open market. This alarming spike has raised concerns about the nation's economic stability and i...
Read More »Fertilizers: Urea Sales Surge in August 2025 to Record High
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 ...
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