Karachi: The State Bank of Pakistan released the latest exchange rates, revealing fluctuations in the buying and selling rates of major currencies against the Pakistani Rupee. The figures, as of September 16, 2025, show varying levels of changes in th…
Karachi: Pakistan’s currency exchange rates have shown signs of stability, according to the latest figures released by the Exchange Companies Association of Pakistan (ECAP). The open market closing exchange rates on September 16, 2025, indicate a stea…
Karachi: The latest report on the Karachi Interbank Offered Rate (KIBOR) reveals minor shifts in bid and offer rates across various tenors. The data, which spans from a one-week to a one-year tenor, provides insight into the current state of interbank…
Islamabad: The State Bank of Pakistan (SBP) has held its benchmark interest rate steady at 11% amidst the ongoing floods, a decision consistent with market anticipations. The Monetary Policy Committee (MPC), in its statement, acknowledged a slight wor…
Islamabad: Mian Zahid Hussain, a prominent business leader and former government official, voiced his frustration over the State Bank of Pakistan’s (SBP) decision to maintain its policy interest rate at 11%. He argues that the current rate hinders eco…
Islamabad: Bestway Cement Limited (BWCL) announced a significant 73% year-over-year increase in profit for the fiscal year 2025, reaching PkR23.9 billion (EPS: PkR40.0), compared to PkR13.8 billion (EPS: PkR23.1) in FY24. This substantial growth comes…