Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rates (KIBOR), showing minor movements in the interest rates across different tenors as of April 16, 2025. These rates, which are crucial for financial institutions …
Islamabad: The State Bank of Pakistan has made adjustments to its currency reserves, setting the ceiling at 177,400 and the floor at 165,000. This change affects one financial institution for each level, according to the latest data released.
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Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Arshad Textile Mills Limited (ATML) at ‘BBB-/A2’, indicating adequate credit quality and a stable outlook. The ratings, which were last assessed in March 2024, reflect the…
Karachi: The State Bank of Pakistan (SBP) released data on the usage of its overnight repo and reverse repo facilities, highlighting a significant engagement by financial institutions. According to the report, on April 15, 2025, one institution access…
Islamabad: Daraz has announced the launch of its 2025 Daraz Future Leaders Programme (DFLP), targeting emerging talent in Pakistan, Bangladesh, Sri Lanka, and Nepal. The initiative is designed to develop high-potential individuals through a 15-month r…
Karachi: Banks are poised to report a 12 percent decrease in quarterly profits, amounting to approximately PkR75.1 billion, as financial results for the first quarter of 2025 are announced. The expected decline is attributed to shrinking net interest …