FLASHNEWS:

Day: June 23, 2025

KIBOR Rates Show Consistency Across Tenors

Karachi: The State Bank of Pakistan released the Karachi Interbank Offered Rate (KIBOR) for June 23, 2025, indicating stable trends across various tenors. The data reveals minimal fluctuation in both bid and offer rates, suggesting a steady interbank …

inDrive Secures Top Spot in Pakistan’s Ride-Hailing Market

Karachi: inDrive has become the leading ride-hailing app in Pakistan’s “Maps and Navigation” category on the Google Play Store. This development underscores the app’s rapid expansion and growing user base in the country.

Since its launch in Pakistan…

MCB Islamic Bank Fortifies Position in Islamic Banking

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of MCB Islamic Bank Limited, affirming its strategic advancements in the Islamic banking sector. As a subsidiary of MCB Bank Limited, the bank has focused on …