KARACHI: The Korangi Association of Trade and Industry (KATI) President, Junaid Naqi, has issued a strong call for an end to what he describes as discriminatory treatment of Karachi’s electricity consumers. He demands the immediate payment of withheld…
Karachi: Bank Alfalah Limited (BAFL) has reported a 26% year-on-year decline in profits for the first half of the calendar year 2025, according to a briefing by the bank’s management. The reduction in profit, which stood at PkR15.3 billion, was primar…
Karachi: Bank Alfalah Limited (BAFL) conducted a corporate briefing today, revealing insights into its financial performance and future outlook. The briefing highlighted a 23% decline in profit after tax, amounting to Rs8.2 billion, and translated to …
Karachi: The State Bank of Pakistan has disclosed the latest Karachi Interbank Offered Rates (KIBOR), revealing a steady pattern across various tenors. The rates, which are critical benchmarks for lending between banks, showed minor fluctuations, sugg…
Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed relief following the reversal of stringent budgetary measures initially proposed in the federal budget for 2025-26. Atif Ikram Sheikh, President of FPCCI, anno…
Karachi: The Exchange Companies Association of Pakistan (ECAP) released the latest open market currency exchange rates, reflecting minor fluctuations in several major currencies. According to the data provided by the State Bank of Pakistan, the US dol…
Karachi: The stock market maintained its upward trend throughout the week, reaching a record high due to expectations of strong earnings during the ongoing results season. The market closed at 145,383 points, marking a 3.08% increase from the previous…