Karachi: The Exchange Companies Association of Pakistan (ECAP) reported closing exchange rates for foreign currencies on July 3, 2025, indicating marginal fluctuations in the open market. The rates, provided by the State Bank of Pakistan, reflect slig…
Karachi: The Oil Marketing Companies (OMC) reported a 7 percent year-on-year growth in sales volumes for the fiscal year 2025, despite some fluctuations in market share dynamics, according to a press release from JS Global. The growth was driven by a …
Karachi: The Karachi Interbank Offered Rate (KIBOR), a crucial benchmark for short-term lending in Pakistan, showed minor fluctuations as reported by the State Bank of Pakistan on July 3, 2025. The changes in rates were observed across various tenors,…
Lahore: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has commended Punjab’s latest initiative, which introduces smart plastic vending machines as a climate-conscious venture that incentivizes plastic recycling. Nazir Hussain, Pre…
Karachi: In a recent update from the State Bank of Pakistan, new financial ceilings and floors have been established for lending and borrowing among the country’s financial institutions. These changes are slated to take effect on July 3, 2025.
The u…
Karachi: Cement demand in Pakistan is set to increase in the fiscal year 2026, spurred by a government push in public sector development programs and a revival in the construction industry, according to a report by AKD Securities Limited. This follows…