Karachi: The State Bank of Pakistan released updated exchange rates indicating a slight increase in the buying and selling rates of major foreign currencies against the Pakistani Rupee. This data, compiled by the Domestic Markets and Monetary Manageme…
Karachi: The Exchange Companies Association of Pakistan (ECAP) released its latest currency exchange rates, showing slight variations in buying and selling rates for major currencies. The US dollar closed at a buying rate of 280.23 and a selling rate …
Karachi: The State Bank of Pakistan has announced the Karachi Interbank Offered Rate (KIBOR) for January 2, 2026, showing stability across various short-term tenors. The KIBOR rates, used as a benchmark for lending between banks, reveal a consistent p…
Islamabad: Federal Minister for Petroleum, Ali Pervaiz Malik, met with Saudi Ambassador to Pakistan, Nawaf bin Saeed Ahmad Al-Malkiy, to explore opportunities for collaboration in the minerals and energy sectors. The meeting underscored the longstandi…
Karachi: Global digital operator VEON Group has announced a $20 million investment in Mobilink Bank to enhance the bank’s growth and expand digital Islamic banking services in Pakistan. This move follows a previous $15 million investment by VEON in Ja…
Karachi: The oil marketing sector recorded a 6% year-on-year increase in offtakes during December 2025, marking a total of 1.35 million tons. This growth comes despite a 5% month-on-month decline attributed to base normalization post-harvest season an…
Karachi: Pakistan’s oil marketing companies reported a 6% year-on-year increase in sales for December 2025, reaching 1.35 million tons, according to recent industry data. However, sales saw a 5% month-on-month decline, attributed to a nationwide strik…