Business

Karachi: The State Bank of Pakistan (SBP) reported the utilization of its overnight repo facility by a single institution on September 3, 2025, with a transaction involving Rs. 40,000 million. No activity was recorded for the SBP's overnight reverse r...

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 ...

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 ...

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...

Karachi: Outrage and determination permeate Pakistan as Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), vociferously condemned India's water aggression, vowing that the nation, alongside its business communi...

Karachi: The HBL Pakistan Manufacturing PMI has shown a slight decline, dropping to 50.1 in August from 50.5 in July, marking the lowest point since the inception of the series. Developed by S and P Global, the index provides an early indication of in...

Karachi: In a striking development for the oil marketing sector, the latest figures reveal a notable increase in overall sales despite a substantial decline in furnace oil demand. The Oil Marketing Companies (OMC) reported a 7% year-on-year rise in Au...