Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates for February 12, 2025, showing stability in the currency market. The report detailed the buying and selling rates for several major global currencies, i…
Karachi: The State Bank of Pakistan has released updated figures for its overnight repo and reverse repo facilities, detailing the amounts and institutions involved as of February 12, 2025. The data provides insights into the central bank’s monetary m…
Karachi: The Karachi Interbank Offered Rate (KIBOR) for various tenors exhibited slight changes, with the highest bid rate recorded for the 1-week tenor at 11.91 percent, according to the latest figures released by the State Bank of Pakistan.
Accord…
Karachi: The upcoming fourth-quarter financial results for Pakistan’s banks are anticipated to show a year-over-year decrease in core income, primarily due to a contraction in net interest margins (NIMs) and increased taxation. This is expected to ove…
Karachi: Engro Polymer and Chemicals Ltd. (EPCL) has unveiled its financial results for the fourth quarter of the calendar year 2024, reporting consolidated earnings of PkR2.1 billion, a 40 percent year-on-year decrease from the same period last year….
Karachi: Lucky Electric Power Company Limited (LEPCL) has been assigned a preliminary ‘AA’ long-term rating and an ‘A1+’ short-term rating for its new PKR 6 billion debt instrument, PPSTS-21, by The Pakistan Credit Rating Agency Limited (PACRA). The r…