Karachi: The State Bank of Pakistan (SBP) announced on Thursday that it would maintain the policy rate at 11.0% in its latest monetary policy statement, aligning with market expectations. This decision comes amid rising inflation concerns and ongoing …
Karachi: The Karachi Interbank Offered Rate (KIBOR) displayed a range of activity across different tenors, as reported by the State Bank of Pakistan on June 16, 2025. The data reveals slight variations in both bid and offer rates for the short and lon…
Lahore: The Lahore Chamber of Commerce and Industry has condemned the Israeli attack on Iran, describing it as a grave breach of international norms and a threat to regional and global peace. LCCI leaders called for decisive international action in re…
Karachi: The Exchange Companies Association of Pakistan (ECAP) released the open market closing exchange rates for June 16, 2025, indicating slight changes in currency values. The data, sourced from the State Bank of Pakistan, highlighted minor fluctu…
Karachi: Allied Bank, a leading commercial institution in Pakistan, has announced a strategic partnership with Paysys Labs to pilot the Interledger Protocol (ILP) for cross-border payments. This initiative marks a significant step in enhancing the eff…
Lahore: In a strategic move aimed at bolstering industrial growth and promoting exports, Punjab Chief Minister Maryam Nawaz Sharif has announced the inclusion of the export and manufacturing sectors in the province’s Easy Business Scheme. This develop…