Business

Islamabad: Global mobility platform inDrive is set to transform the ride-hailing landscape in Pakistan by integrating artificial intelligence (AI) into its operations in 2025. This move aims to enhance service speed, provide smarter tools, and offer p...

Karachi: The State Bank of Pakistan (SBP) provided substantial liquidity to the banking sector through its overnight repo facility, injecting Rs. 67 billion on May 26, 2025. This move reflects the central bank's approach to managing short-term liquidi...

Islamabad: Pakistan's economic scene is currently marked by a series of significant developments, including an extension of the airspace ban on Indian aircraft, ongoing budget discussions with the International Monetary Fund (IMF), and various industr...

Islamabad: PTCL Group, a major player in Pakistan's telecom sector, has joined forces with Mercantile, the official Apple distributor in the country, to unveil exclusive iPhone 16 offers. This partnership aims to provide customers with extended warran...

Karachi: The State Bank of Pakistan has established a new monetary floor for institutional transactions, according to a recent press release. The announcement outlines a floor amounting to 67,000 for a single institution, which will take effect on May...

Karachi: The State Bank of Pakistan released its latest Karachi Interbank Offered Rate (KIBOR) figures, showing a steady trend in short-term lending rates as of May 26, 2025. The data indicates minimal fluctuations in the bid and offer rates over diff...

Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for major currencies in the open market as of May 26, 2025, indicating a stable trend in currency values. The U.S. dollar was listed at 283.01 for buyin...