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Karachi: Bank AL Habib has announced a new initiative aimed at rewarding its UnionPay Debit Card customers with a cashback offer. The campaign promises a 10% cashback on point-of-sale (POS) transactions, with a maximum reward of PKR 1,000, for the top...
Read More »Pakistan’s Currency Exchange Rates See Stability in Open Market
Karachi: The Exchange Companies Association of Pakistan (ECAP) reported that the open market closing exchange rates for major currencies experienced minimal fluctuations as of December 1, 2025. This information, sourced from the State Bank of Pakistan...
Read More »KIBOR Rates Remain Steady with Minor Fluctuations Across Tenors
Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rates (KIBOR) for December 1, 2025, showing minimal changes across various tenors. The data, sourced from Refinitiv, provides insights into the lending rates between ban...
Read More »EU Trade Mission Evaluates Pakistan’s Export Progress
Karachi: The European Union's Generalized Scheme of Preferences Plus (GSP+) Monitoring Mission visited the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) in Karachi to assess Pakistan's trade performance and compliance unde...
Read More »Lucky Cement Expands Capacity in DR Congo with New Cement Line
KARACHI: Lucky Cement Ltd. (LUCK) has announced a significant expansion at its joint venture company, Nyumba Ya Akiba, in the Democratic Republic of Congo. The expansion involves adding a 1.6 million tons per annum (TPA) fully integrated cement line, ...
Read More »Government’s Decision to Abolish Export Development Surcharge Applauded by NKATI
Karachi: The President of the North Karachi Association of Trade & Industry (NKATI), Faisal Moiz Khan, has praised the federal government's recent decision to eliminate the Export Development Surcharge on export industries. This move i...
Read More »Saudia Group Expands Fleet With GE Engines, Boosting Pakistan-Saudi Aviation Ties
KARACHI: Saudia Group has announced a partnership with GE Aerospace to equip its national carrier, Saudia, with GEnx-1B engines for its latest order of 39 Boeing 787-9 and 787-10 aircraft. This strategic agreement also includes a multi-year maintenanc...
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