Karachi: The Exchange Companies Association of Pakistan (ECAP) announced the closing exchange rates for major currencies in the open market on November 5, 2025. The rates, sourced from the State Bank of Pakistan, reflect the current buying and selling…
London: Islamic finance, once a niche market, has expanded into a significant financial sector with assets surpassing USD 5 trillion across more than 80 countries. However, a recent report by Standard Chartered reveals that a lack of understanding abo…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the asset manager rating of JS Investments Limited, reflecting the company’s enhanced operational quality and governance standards. The upgrade underscores JSIL’s successful initi…
Karachi: BankIslami has announced a major upgrade to its digital Islamic banking platform, ‘aik’, enhancing its capabilities to provide Pakistan’s first truly Riba-free digital banking experience. The revamped platform now offers improved system featu…
Karachi: The KSE-100 Index suffered a significant loss of 1,521 points, closing at 161,282, with a trading volume of 898 million shares. The drop underscores ongoing economic challenges as the market faces a surge in the trade deficit and potential po…
Karachi: The KSE-100 index experienced a downturn, closing the session at 161,282, marking a decline of 1,521 points. Trading volumes were recorded at 899 million shares, a decrease from the previous 949 million. The index is anticipated to fluctuate …