Islamabad: The recent floods have brought to light urgent and systemic failures in infrastructure planning as newly constructed roads and bridges, worth billions of rupees, collapsed under rainfall levels that should not have posed a threat, highlighting the immediate need for action. According to Islamabad Chamber of Commerce and Industry,
Faisalabad: Prime Minister’s Coordinator for Commerce and Industries, Rana Ehsan Afzal, has stated that the federal government is committed to promoting exports and strengthening the national economy. Speaking to the media at an expo in Faisalabad, he…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the entity ratings of the National Rural Support Programme (NRSP), citing a diversified financial structure and effective risk management systems. NRSP’s financial foundation is bolstered by microfinance operations, local and international donor grants, and investment returns, contributing to a stable
Karachi: The State Bank of Pakistan has released the latest currency exchange rates, providing the buying and selling prices for various foreign currencies against the local currency. According to State Bank of Pakistan, the rates listed include the United Arab Emirates Dirham (AED) with a buying rate of 77.4401 and
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