Karachi: The textile industry in Pakistan is grappling with a confluence of challenges as it faces increased pressure from both domestic and international fronts. The government has set an ambitious raw cotton output target of over 10 million bales fo…
Karachi: The Exchange Companies Association of Pakistan (ECAP) announced the open market closing exchange rates on June 23, 2025, revealing a steady performance of the Pakistani rupee against major global currencies.
According to the data, the buyi…
Karachi: The State Bank of Pakistan released the Karachi Interbank Offered Rate (KIBOR) for June 23, 2025, indicating stable trends across various tenors. The data reveals minimal fluctuation in both bid and offer rates, suggesting a steady interbank …
KARACHI: Arab Light crude experienced significant price increases, rising over 21.3% in June 2025 and 11% since mid-June, amid escalating geopolitical tensions in the Middle East. The key factor is the Strait of Hormuz, an essential oil chokepoint tha…
KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the entity ratings of Bank AL Habib Limited (BAHL), underscoring the bank’s robust market positioning in a competitive banking environment. BAHL’s strategic initiatives, anchored …
Karachi: The Exchange Companies Association of Pakistan (ECAP) announced the open market closing exchange rates on June 23, 2025, revealing a steady performance of the Pakistani rupee against major global currencies.
According to the data, the buyi…