Business

Karachi: The State Bank of Pakistan (SBP) announced adjustments in its overnight repo and reverse repo facilities on May 21, 2025, according to a recent press release from the central bank. The SBP reported activity involving one institution for each ...

Karachi: The Karachi Interbank Offered Rate (KIBOR) showed slight variations across different tenors, according to data released by the State Bank of Pakistan. The latest figures indicate minor adjustments in both bid and offer rates for various time ...

Karachi: Sheikh Umar Rehan, the Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), has called on the federal government to abolish Section 8B of the Sales Tax Act for the ghee and cooking oil industry in the upcoming budget. He addre...

Karachi: Standard Chartered has announced in its latest report that global Islamic finance assets are anticipated to exceed $7.5 trillion by 2028. This projection marks a significant growth of 36% over the next four years, as the sector undergoes expa...

Karachi: Bank Al Habib Limited has announced a new promotional offer, "Midweek Makeovers," available exclusively to its customers using AL Habib VISA debit cards. This offer provides cardholders with the opportunity to enjoy discounts on transactions,...

Karachi: TCL has announced a new partnership with AlfaMall to offer 0% markup installment plans for its range of televisions and air conditioners. This initiative allows customers to purchase Smart TVs, 4K UHD TVs, QLED TVs, Mini LED displays, and ene...

Karachi: The Pakistan Credit Rating Agency (PACRA) has announced the maintenance of the broker fiduciary rating (BFR) for Ismail Iqbal Securities (Pvt.) Limited (IISPL) at BFR 3+ with a stable outlook. This decision reflects the company's strong posit...