KARACHI, July 2, 2025 — In a strong signal of macroeconomic stability, the State Bank of Pakistan (SBP) announced that its foreign exchange (forex) reserves surged to $14.51 billion by the close of fiscal year 2024-25, crossing the target set by the International Monetary Fund (IMF).
(more…)Author: Faisal Shahnawaz
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KIBOR – Karachi Interbank Offered Rates on July 2, 2025
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Wednesday, July 2, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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CSM to Launch EVs in Pakistan via CBU, CKD Phases
Capital Smart Motors (CSM) is set to revolutionize Pakistan’s automotive landscape with the introduction of new electric vehicles (EVs), starting with Completely Built-Up (CBU) units, followed by local assembly through Completely Knocked Down (CKD) operations.
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United Motorcycles Announce Price Hike from July 2025
United Auto Industries (Pvt.) Ltd., the assembler of United Motorcycles in Pakistan, has increased the retail prices of its entire two-wheeler lineup, effective July 1, 2025.
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KIA Stonic EX Sees Smallest Price Hike Amid Latest Price Update
KIA Pakistan has revised the prices of its entire vehicle lineup effective July 1, 2025, citing economic pressures such as the newly introduced NEV Levy in the Federal Budget 2025–26, currency devaluation, and soaring global freight charges.
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KIA Sportage L Price Increased from July 2025: Check Latest Price
KIA Pakistan has officially revised the prices of its Sportage lineup, effective July 1, 2025. The price adjustment follows economic challenges stemming from the Federal Budget 2025–26, including the implementation of the NEV Levy, currency depreciation, and a rise in global freight charges.
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Honda CD 70 Price Increased in Pakistan from July 2025
Atlas Honda has revised the prices of its motorcycles in Pakistan, effective July 1, 2025. The change comes shortly after the Federal Budget 2025–26, which introduced new taxation policies impacting the auto sector. As part of the revision, the price of the popular Honda CD 70 has been increased by Rs 2,000.
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Bulls charge ahead: KSE-100 Index soars to historic 130,344 points
Karachi, July 2, 2025 – The Pakistan Stock Exchange (PSX) witnessed an explosive rally on Wednesday as the benchmark KSE-100 index surged to an all-time high of 130,344 points, marking a powerful start to the new fiscal year.
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Rupee closes near 284 against dollar in interbank market
Karachi, July 2, 2025 – The Pakistani rupee came under renewed pressure on Wednesday, closing at PKR 283.95 against the US dollar in the interbank foreign exchange market.
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SBP releases foreign currency rates for July 2, 2025
On July 2, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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