Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for several major currencies in the open market as of July 15, 2025. The figures indicate a stable exchange environment for the buying and selling of foreign currencies. According to State Bank of Pakistan, the buying rate
Karachi: The State Bank of Pakistan has released the Karachi Interbank Offered Rate (KIBOR) for the upcoming financial year, ul-2025. The KIBOR rates are a key indicator for various banking activities, reflecting the interest rates at which banks are willing to lend to one another. According to State Bank of
Karachi: The State Bank of Pakistan has released new data reflecting changes in the ceilings and floors of financial institutions’ transactions for July 15, 2025. According to State Bank of Pakistan, the ceiling amount for transactions on this date is set at 111,000 across three institutions. Meanwhile, the floor amount
Karachi: The State Bank of Pakistan (SBP) has released detailed figures on the use of its overnight repo and reverse repo facilities by various financial institutions. According to State Bank of Pakistan, the data reveals that on July 15, 2025, a total of one institution accessed the SBP’s Overnight Repo
Karachi: Federal Minister for Interior and Narcotics Control, Syed Mohsin Raza Naqvi, addressed the growing concern over widespread visa rejections by the UAE, announcing plans to meet with the UAE Interior Minister to discuss the issue, which notably affects Pakistani citizens in the business community. He expressed optimism about reaching
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned an initial stability rating to the Pak Oman Micro Finance Fund. This fund is an innovative low-risk investment solution that aims to offer competitive returns through a specialized focus on Pakistan’s burgeoning microfinance sector. It strategically targets high-quality microfinance debt
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Alhamra Government Securities Fund. This decision underscores the Fund’s sustained performance and its strategic focus on conservative investments within the Islamic finance sector. According to Pakistan Credit Rating Agency Limited, the Alhamra Government Securities Fund
Lahore: PACRA has sustained the stability rating of the MCB DCF Fixed Return Fund II, noting its conservative financial structure. The Fund has invested approximately 99.66% of its assets in Government-rated instruments, which underscores a strong commitment to maintaining a low-risk profile. Additionally, 0.28% of the assets are allocated to