Karachi, November 27, 2025 – The State Bank of Pakistan (SBP) on Thursday released the latest Karachi Interbank Offered Rates (KIBOR) to facilitate banks, financial institutions, and corporate borrowers. The daily KIBOR announcement provides a benchmark for lending rates used across Pakistan’s interbank market.
(more…)Author: Faisal Shahnawaz
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SBP directs banks to extend hours for tax collection on November 29
Karachi, November 27, 2025 – The State Bank of Pakistan (SBP) has issued directives instructing commercial banks to observe extended working hours on Saturday, November 29, 2025, to facilitate taxpayers making over-the-counter (OTC) payments of government duties and taxes.
In an official circular, the SBP announced that all Saturday-opening branches of commercial banks — including National Bank of Pakistan (NBP) branches handling customs-related collections — will remain operational from 9:00 A.M. to 5:00 P.M. on the specified date. The move aims to ease taxpayer burden ahead of monthly and quarterly deadlines.
The central bank further stated that NBP branches manually collecting government receipts and payments must ensure same-day settlement with their respective SBP-BSC field offices or head office immediately after completing the same-day clearing process.
To support timely processing, the National Institutional Facilitation Technologies (NIFT) will conduct a Special Clearing at 5:30 P.M. on November 29 for all government-related instruments submitted at bank counters. NIFT will provide the clearing fate of these instruments by 11:30 P.M. on the same day, ensuring smooth reconciliation and settlement of government receipts.
The SBP’s directive follows a recent instruction from the Federal Board of Revenue (FBR), which earlier directed Inland Revenue field offices to observe a normal working day on November 29 to support maximum tax collection before the month-end.
The SBP emphasized that the extended arrangements aim to ensure seamless tax payment processing and enhance convenience for taxpayers across the country.
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SBP Issues Updated Currency Exchange Rates for November 27, 2025
Karachi, November 27, 2025 – The State Bank of Pakistan (SBP) has released the latest currency exchange rates for Thursday, providing updated guidance for banking customers and businesses engaged in international transactions.
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Honda and Automakers in Talks With Government Over SRO 656
Karachi, November 27, 2025 – Honda Atlas Cars (Pakistan) Limited has announced that automobile manufacturers are actively negotiating with the government regarding the implementation of SRO 656, aiming to ensure uninterrupted industry operations amid newly imposed export conditions.
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Alektra Metro Launched as Pakistan’s Cheapest EV: Price, Specs
Alektra has officially launched its Alektra Metro Electric Vehicle range in Pakistan, making headlines as one of the cheapest electric cars in Pakistan for 2025.
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Suzuki Fronx Review Ahead of Pakistan Launch 2026
Pak Suzuki Motor Company Limited (PSMCL) has officially unveiled the highly awaited Suzuki Fronx at the Pakistan Auto Show (PAPS) 2025, giving local car enthusiasts their first detailed look at the brand’s upcoming cross-utility vehicle.
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Deepal E07 Electric Pickup Review for Pakistan: Price and Specs
Changan Pakistan has officially introduced the all-electric Deepal E07 multi-utility pickup at the Pakistan Auto Show (PAPS) 2025, marking a major step forward in the country’s electric mobility landscape.
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Daily Karachi Interbank Offered Rates (KIBOR) – November 26, 2025
Karachi, November 26, 2025 – The State Bank of Pakistan (SBP) on Wednesday released the updated Karachi Interbank Offered Rates (KIBOR), providing essential benchmark lending rates used by banks for short-term financing.
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SBP updates currency exchange rates for November 26, 2025
Karachi, November 26, 2025 – The State Bank of Pakistan (SBP) on Wednesday released the latest set of weighted average customer exchange rates to assist the general public, businesses, and financial institutions in making informed currency-related decisions.
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KSE-100 index jumps 1,496 points as institutional buying boosts sentiment
Karachi, November 26, 2025 – Pakistan Stock Exchange (PSX) witnessed a powerful rebound on Wednesday as the benchmark KSE-100 index surged by 1,496 points, driven mainly by aggressive institutional buying across key sectors.
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