Karachi: Zubair Tufail, President of the United Business Group and former head of the Federation of Pakistan Chambers of Commerce and Industry, has called for stringent measures by the government to tackle hoarding and profiteering in light of the esc…
Karachi: The stock market experienced a modest uptick on Thursday, with the KSE30 and KSE100 indices posting gains over the previous trading session. The KSE30 index rose by 145.67 points, reaching 46,499.67, while the KSE100 index increased by 463.85…
Karachi: United Bank Limited (UBL) recently held a corporate briefing, revealing significant financial growth and strategic initiatives. The bank announced a remarkable 103% increase in profit after tax, reaching Rs28.6 billion, and declared an EPS of…
Karachi: The State Bank of Pakistan released its latest Karachi Interbank Offered Rate (KIBOR) figures, indicating slight variations across different tenors. For the 1-week tenor, the bid rate is set at 10.80, and the offer rate at 11.30. The 2-week t…
Karachi: The Karachi Stock Exchange witnessed a surge in activity as the KSE100 index reached a record high on Tuesday, closing at 152,665.72 points. This marks a 0.30% increase from the previous day’s close, with a significant year-to-date climb of 3…
Karachi: In a dramatic turn of events, the US dollar surged to an unprecedented level against the Pakistani rupee, reaching a record high of 283.30 in the open market. This alarming spike has raised concerns about the nation’s economic stability and i…