The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Tuesday, May 13, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
(more…)Author: Faisal Shahnawaz
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PSX soars with 1,278-point gain amid bullish market momentum
Karachi, May 13, 2025 — The Pakistan Stock Exchange (PSX) continued its bullish streak on Tuesday, extending gains by a substantial 1,278 points, reflecting strong investor confidence and aggressive institutional buying.
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2026 Toyota Corolla Cross GR Sport: A Sporty Upgrade
The 2026 Toyota Corolla Cross is the latest iteration of Toyota’s popular crossover, combining practicality with a new level of style and sportiness.
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Audi Pakistan unveils 2025 price list for new lineup
Karachi, May 13, 2025 – Audi Pakistan has officially launched its updated 2025 price list, showcasing a diverse range of high-performance electric vehicles (EVs) and traditional petrol-powered SUVs.
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PKR to USD, May 13, 2025: rupee slips to 281.67 against dollar
Karachi, May 13, 2025 – The Pakistani rupee weakened slightly against the US dollar on Tuesday, closing at PKR 281.67 in the interbank foreign exchange market. This marks a modest decline of 10 paisas compared to Monday’s closing rate of PKR 281.57.
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SBP releases foreign currency rates for May 13, 2025
On May 13, 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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Mike Hesson appointed white-ball head coach: PCB
Lahore, May 14, 2025 — The Pakistan Cricket Board (PCB) has officially appointed veteran New Zealand coach Mike Hesson as the new head coach of Pakistan’s men’s white-ball cricket team.
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Nissan to cut 20,000 jobs globally amid restructuring push
May 13, 2025 – Japanese auto giant Nissan is preparing to slash approximately 20,000 jobs worldwide, significantly raising the scale of its previously announced cuts, according to reports in local media.
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Carlo Ancelotti appointed as Brazil’s national team manager
May 13, 2025 – In a historic move, the Brazilian Football Confederation (CBF) has confirmed that Carlo Ancelotti will take charge of the Brazilian national football team, with a contract running until the conclusion of the 2026 FIFA World Cup.
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Gadani Customs to hold mega vehicle auction on May 15, 2025
Karachi, May 12, 2025 – The Collectorate of Customs (Enforcement), Gadani, has announced a major public auction of seized vehicles, scheduled to take place on May 15, 2025, at the Customs House Gadani.
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