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Category: Business

MCB Islamic Bank Fortifies Position in Islamic Banking

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of MCB Islamic Bank Limited, affirming its strategic advancements in the Islamic banking sector. As a subsidiary of MCB Bank Limited, the bank has focused on …

KIBOR Rates Show Consistency Across Tenors

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 …

Pakistan’s Oil Supply Resilience Amid Middle East Tensions

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…