Islamabad, July 10, 2025 – In a significant development, the Competition Appellate Tribunal (CAT) has rejected the appeal filed by the Institute of Chartered Accountants of Pakistan (ICAP), upholding a previous decision by the Competition Commission of Pakistan (CCP) that penalized the institute for alleged price-fixing practices.
(more…)Author: Faisal Shahnawaz
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Sri Lanka, Bangladesh begin T20I battle in Kandy
Kandy, July 10, 2025 – The electrifying atmosphere of Pallekele International Cricket Stadium is set to host the first of three high-stakes T20I clashes as Sri Lanka and Bangladesh launch their latest chapter in what has become a thrilling subcontinental rivalry.
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ENG vs IND: Lord’s set for explosive showdown in third Test
London, July 10, 2025 – Lord’s Cricket Ground is bracing for a high-octane spectacle as England and India lock horns in the all-important third Test of the Anderson-Tendulkar Trophy starting today. With the series tied at 1-1, this third Test holds immense significance in the five-match saga.
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KIBOR – Karachi Interbank Offered Rates on July 9, 2025
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Wednesday, July 9, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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SBP appoints primary dealers for FY2025–26
Karachi, July 9, 2025 – The State Bank of Pakistan (SBP) has officially announced the appointment of primary dealers for the fiscal year 2025–26, in line with its framework for managing government securities.
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KSE-100 index falls 826 points as profit-taking hits market
Karachi, July 9, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline on Wednesday, shedding 826 points as bearish sentiment gripped the market following a record-breaking rally since the beginning of the current fiscal year.
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Rupee slides for fourth straight session against dollar
Karachi, July 9, 2025 – The Pakistani rupee extended its losing streak for the fourth consecutive session on Wednesday, continuing to slide against the US dollar in the interbank foreign exchange market.
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SBP releases foreign currency rates for July 9, 2025
On July 9, 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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JAC T9 Recalled Over Curtain Airbag Malfunction Risk
JAC Motors Australia has issued an urgent safety recall for its 2023–2024 T9 dual-cab 4×4 ute models due to a critical fault in the curtain airbag system.
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Kia Sportage Recall: Fire Risk Prompts Urgent Owner Action
Kia has issued a critical safety recall for 605 units of the 2025 Kia Sportage manufactured in 2024. The recall is due to a serious fire risk linked to a defective high-pressure fuel pipe.
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