Karachi, October 28, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has cautioned that the current 11% policy rate maintained by the State Bank of Pakistan (SBP) may not ease inflationary pressures, as the country’s price surge is mainly driven by supply-side factors rather than demand.
(more…)Author: Faisal Shahnawaz
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JazzCash wins silver award for innovation in lending at Money20/20 USA 2025
Karachi, October 28, 2025 – JazzCash, has won the Silver Award in the Banking category at Money20/20 USA 2025, a leading global platform for the financial services ecosystem.
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Indus Motor Posts Record Rs6.72bn Profit in Q1 FY26
Karachi, October 28, 2025 – Indus Motor Company Limited (IMC) has announced its highest-ever quarterly profit for the first quarter of FY26, driven by robust sales growth and improved margins.
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PSO Reports 136% Profit Jump in Q1 FY26 Results
Karachi, October 28, 2025 – Pakistan State Oil Company Limited (PSO) has reported an impressive 136% year-on-year (YoY) surge in profit after tax (PAT) for the first quarter of FY26, reflecting the company’s strong operational performance and improved margins.
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Pakistan Customs Foils Major Drug Smuggling at Karachi Airport
Karachi, October 28, 2025 – In a major anti-narcotics operation, Pakistan Customs successfully foiled two high-profile smuggling attempts at Karachi International Airport, seizing narcotics worth over Rs114 million in total.
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SBP Issues Updated KIBOR Rates for October 28, 2025
Karachi, October 28, 2025 – The State Bank of Pakistan (SBP) on Tuesday released the latest Karachi Interbank Offered Rates (KIBOR) to assist banks, financial institutions, and the general public in monitoring short-term borrowing costs in the interbank market.
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SBP Announces Updated Currency Exchange Rates for October 28
Karachi, October 28, 2025 – The State Bank of Pakistan (SBP) on Tuesday issued the official weighted average customer exchange rates for major global currencies, effective as of October 28, 2025.
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KSE-100 Index Crashes 2,063 Points as Bears Take Over
Karachi, October 28, 2025 – The Pakistan Stock Exchange (PSX) witnessed a bloodbath on Tuesday as the KSE-100 index nosedived by 2,063 points, marking one of the sharpest single-day declines in recent months amid aggressive bearish activity and intense selling pressure.
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Bitcoin (BTC) Climbs Slightly to PKR 32.35 Million Today
Karachi, October 28, 2025 – Bitcoin (BTC), the world’s leading cryptocurrency, witnessed a mild upward movement on Tuesday as digital assets showed signs of market stability.
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Ripple (XRP) Gains Slightly to PKR 750.25 Amid Stability
Karachi, October 28, 2025 – The Ripple (XRP) price showed a mild upward trend on Tuesday as the cryptocurrency market displayed signs of consolidation. As of 4:25 PM Pakistan Standard Time (PST), one Ripple (XRP) was valued at PKR 750.25 in the open exchange market.
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