Karachi: The State Bank of Pakistan has announced a new floor rate for financial institutions, effective from October 21, 2025. The latest figures reveal that the floor amount has been set at 12,000, with one institution falling under this category.
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Karachi: The State Bank of Pakistan (SBP) recently provided financial institutions with Rs. 12 billion through its overnight repo facility. The transaction, which took place on October 21, 2025, involved one institution availing itself of this liquidi…
Karachi: The State Bank of Pakistan released its latest data on weighted average customer exchange rates, indicating stable buying and selling rates across a range of major currencies. The U.S. dollar is being bought at 280.8512 and sold at 281.2830, …
KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Rehan Hanif, pledged support to the business community in addressing their challenges, emphasizing the Chamber’s dedication to finding solutions for traders during tou…
Karachi: Additional Director General (South) of the Federal Investigation Agency (FIA), Mujahid Akbar Khan, announced a significant shift in the notice-issuing authority within the agency, transferring it from Investigation Officers to Deputy Director…
Karachi: Meezan Bank and Naya Nazimabad have announced a strategic partnership to launch Pakistan’s first Islamic home financing facility for under-construction projects. The initiative, structured under the State Bank of Pakistan’s guidelines, aims t…