The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Friday, November 29, 2024, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
(more…)Author: Faisal Shahnawaz
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DFML Postpones Board Meeting After Malware Attack
Karachi, November 29, 2024 – Dewan Farooque Motors Limited (DFML) announced on Friday the postponement of its scheduled board meeting due to a severe malware attack that compromised its IT infrastructure and corrupted critical data.
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KSE-100 Hits New Record at 101,357 Points Amid Market Rally
Karachi, November 29, 2024 – The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) reached an all-time high of 101,357 points on Friday, marking a gain of 1,274 points from the previous day’s close of 100,083 points.
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Rupee Slips Slightly to PKR 278.05 Against US Dollar
Karachi, November 29, 2024 – The Pakistani rupee weakened marginally by one paisa against the US dollar, closing at PKR 278.05 in the interbank market on Friday. A day earlier, the rupee stood at PKR 278.04 per dollar.
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SBP Issues Foreign Exchange Rates for November 29, 2024
Today, November 29, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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Toyota Bids Farewell to the Iconic Supra with Special Editions
Toyota Gazoo Racing (TGR) has announced the end of an era by unveiling the Supra A90 Final Edition and a partially upgraded 2025 Supra 3.0 model. These releases mark the conclusion of the fifth-generation Supra, a car celebrated for its legacy and performance.
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SERES Pakistan Launches First Locally Assembled E SUV Nov 30
SERES Pakistan is all set to make history by introducing Pakistan’s first locally assembled electric SUV, the SERES 3, on November 30, 2024. The launch event will take place at 4:00 PM at Regal Automobiles’ manufacturing facility in Lahore.
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Hopes High: Dogecoin (DOGE) Could Hit $1 Before New Year 2025
As meme coins continue to dominate the crypto market, one coin stands out among the rest — Dogecoin (DOGE). Created in 2013 as a playful nod to internet culture, Dogecoin has now become the most popular and talked-about meme coin in the world.
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IGI Holdings Alerts PSX About Fraudulent Activities
Karachi, November 29, 2024 – IGI Holdings Limited has informed the Pakistan Stock Exchange (PSX) about unauthorized and fraudulent activities involving its subsidiary, IGI Finex Securities Limited. The company disclosed that fake social media platforms and WhatsApp groups are impersonating its subsidiary, misleading the public under the guise of investment discussions.
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Pakistan Likely to Increase Petroleum Prices for December 2024
Pakistan is expected to raise petroleum product prices starting December 1, 2024, driven by a recent surge in international oil prices. The adjustment will follow the fortnightly review of petroleum prices, with the next update scheduled for November 30, 2024. The revised prices will remain effective from December 1 to December 15, 2024.
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