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Karachi: Zubair Tufail, President of the United Business Group and former head of the Federation of Pakistan Chambers of Commerce and Industry, has called for stringent measures by the government to tackle hoarding and profiteering in light of the esc...
Read More »Short-Term Interest Rates Remain Steady, Report Shows
Karachi: The State Bank of Pakistan released current Karachi Interbank Offered Rates (KIBOR) for various tenors, indicating stable short-term interest rates. These rates, which serve as a benchmark for lending between banks, showed little fluctuation ...
Read More »State Bank of Pakistan Updates Currency Floor for September
Karachi: The State Bank of Pakistan has announced an update to the currency floor for September, setting the amount at 40,000 with one institution involved. The announcement comes as part of the central bank's regular updates on currency operations ...
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...
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