Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rate (KIBOR) data, indicating stability across the majority of tenors. The data highlights consistent rates with minor fluctuations in the longer-term offerings.
The o…
Karachi: The State Bank of Pakistan has announced a new regulatory floor for financial institutions, setting a minimum amount of 115,000 units across three institutions, according to a recent press release from the bank.
This decision marks a shift …
KARACHI: Federal Tax Ombudsman Dr. Asif Mahmood Jah announced that his office resolved 57,000 taxpayer complaints during his four-year term, surpassing the 37,000 cases addressed by his predecessors over the past 21 years. This milestone was shared du…
KARACHI: The Sindh government has reiterated its commitment to fostering industrial growth and supporting the business community, with Sindh Minister for Information and Transport Sharjeel Inam Memon emphasizing the need for enhanced facilities to boo…
Karachi: The Exchange Companies Association of Pakistan (ECAP) released the open market closing exchange rates for October 22, 2025, revealing a continued struggle for the Pakistani rupee against major global currencies. The US dollar was buying at 28…
Karachi: MCB Bank Limited has reported its financial results for the third quarter of the calendar year 2025, revealing a net profit after tax of PKR 15.2 billion. This figure marks a 16% decrease compared to the same period last year, though it shows…