Karachi: In an unexpected development, the State Bank of Pakistan (SBP) reported that for the second consecutive trading session, there was no utilization of its overnight repo and reverse repo facilities. This rare occurrence, documented in the centr…
Islamabad: In a surprising turn of events, the latest figures from the Exchange Companies Association of Pakistan reveal a sharp increase in the exchange rates of major currencies, with the US Dollar and Euro seeing significant hikes. The US Dollar no…
Karachi: In a startling development, the Karachi Interbank Offered Rate (KIBOR) has witnessed a significant surge, indicating potential economic instability. The latest figures released by the State Bank of Pakistan reveal heightened rates across vari…
Karachi: Pakistan’s mounting debt has reached a critical juncture, with public debt servicing costs projected to balloon to Rs6.4 trillion. This alarming situation coincides with an ongoing review by the International Monetary Fund (IMF), raising conc…
Karachi: In a surprising turn of events, the Karachi Stock Exchange (KSE) indices soared to unprecedented levels on Friday, amidst a notable dip in market turnover. The KSE100 index surged by 1,590.68 points, closing at 163,847.69, while the KSE30 ind…
Karachi: In a startling development, the Pakistani rupee has fallen sharply against major global currencies, a trend that experts believe could have significant economic implications. According to the Exchange Companies Association of Pakistan (ECAP),…