Karachi: The Karachi Interbank Offered Rate (KIBOR) has shown stability across various tenors, with minimal changes observed in both bid and offer rates, as per the latest data.
According to State Bank of Pakistan, the KIBOR rates for a 1-week and 2…
Karachi: The State Bank of Pakistan has released the weighted average customer exchange rates for several major currencies against the Pakistani Rupee, effective January 16, 2026. These rates, which provide an estimate of the exchange rates quoted by …
Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the federal government to declare an industrial emergency, warning of a potential systemic collapse of the country’s manufacturing sector. The call comes amid chal…
Islamabad: Zong has announced a Memorandum of Understanding with ZTE Corporation and Siccotel to enhance 5G technology adoption across Pakistan. The partnership aims to diversify Zong’s device offerings and introduce affordable, next-generation device…
LAHORE: Masood Spinning Mills Limited (MSML), a significant entity in the textile sector under the Mahmood Group, has received preliminary ratings for its planned sukuk issuance, valued at PKR 3.0 billion, from PACRA. The company has expanded its oper…
Karachi: The profitability of Pakistan’s oil and gas exploration sector is expected to decline by 15% year-over-year in the second quarter of fiscal year 2026, primarily due to decreasing oil prices and reduced gas production. The sector is also proje…