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: A remarkable upswing has been observed in the urea market with August 2025 witnessing a record-breaking surge in sales, marking the highest figures for the month in eight years. Provisional data indicates that the urea off-take for August is …
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…
Karachi: In a remarkable turn of events, the Pakistan Stock Exchange’s KSE100 index soared to an unprecedented level of 152,201.88, marking a dramatic day in the nation’s financial landscape. This historic peak represents a significant gain of 1,226.4…
Karachi: United Bank Ltd (UBL) has reported a robust financial performance in the first half of the calendar year 2025, with unconsolidated profits soaring to PkR63.8 billion, marking a 2.2-fold increase compared to the same period last year. This gro…
UBL’s revenue and pretax profit have seen remarkable increases, with 131% and 185% growth, respectively, marking the highest among the top 20 listed companies on the exchange over the last two years. The bank’s stock performance has been impressive, y…