KARACHI: State Bank of Pakistan (SBP) on Friday issued the following Karachi Interbank Offered Rates (KIBOR) on October 22, 2021. Tenor BID OFFER 1 – Week 7.21 7.71 2 – Week 7.25 7.75 1 – Month 7.31 7.81 3 – Month 8.08 8.33 6 – Month 8.49 8.74 9 – Month 8.73 9.23 1 – Year 8.96 9.46
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday demanded the government of replacing the governor of State Bank of Pakistan (SBP). “The business, industry and trade community of Pakistan demands a better, more competent and responsible leadership at the helm of the affairs at State Bank of Pakistan,” said Mian […]
State Bank of Pakistan
KARACHI: The State Bank of Pakistan (SBP) has said that the digital payment continued upward trajectory during fiscal year 2020/2021. The SBP on Friday released its Annual Payment Systems Review (PSR) for the fiscal year 2020-21, which shows strong growth in the space of digital financial transactions in the country. According to the SBP, transactions […]
KARACHI: Bestway Cement Limited on Friday announced to set up a Brownfield cement plant and a 6.4 MW off-grid solar power plant. The company in its material information shared with Pakistan Stock Exchange (PSX) stated that in view of increasing demand for cement in the country, Bestway Cement Limited decided to set up a Brownfield […]
The Federal Tax Ombudsman (FTO) has taken swift action in response to a complaint against customs authorities, addressing unnecessary delays in the clearance of a consignment. The complainant, a regular importer of Agricultural Tractors, reported that the customs authorities had unjustifiably halted the clearance of a shipment of tractors destined for use by farmers in […]
KARACHI: The US dollar on Friday recorded a closing rate of Rs174 in interbank foreign exchange rate. The Pak Rupee ended with a depreciation of four paisas to the dollar from last day’s closing of Rs173.96 in the interbank foreign exchange market. Currency experts said that the dollar demand remained high owing to widening of […]
Karachi, October 22, 2021: The State Bank of Pakistan (SBP) has released the official exchange rates for Friday, October 22, 2021.
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has assured traders of Jodia Bazaar of taking up their issues with the authorities and get them resolved. Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees, after listening to the hardships being faced by traders of Jodia Bazaar, […]
KARACHI: Murree Brewery Company Limited on Friday announced financial results for the quarter ended September 30, 2021. The profit after tax of the company increased by 22 per cent to Rs437 million for the quarter under review as compared with Rs357.2 million in the corresponding quarter of the last year. The company declared earning per […]
ISLAMABAD: The Federal Board of Revenue (FBR) has vowed to continue its efforts to stop money laundering through real estate and precious metals and stones, including gold and jewellery. FBR Chairman Dr. Muhammad Ashfaq Ahmed that FBR will continue implementing the AML/CFT regulations in order to curb the menace of money laundering through real estate […]