Islamabad, April 28, 2025 – Prime Minister Shehbaz Sharif announced on Monday that the federal government is planning to expand the use of digital wallets across Pakistan, with an integrated system that will bring provinces into a unified digital payments framework.
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GWM Poer Cannon Alpha PHEV set for exciting launch in Pakistan
Pakistan’s automotive sector is poised for another major upgrade as the GWM Poer Cannon Alpha PHEV prepares to make its debut in 2025.
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Check your iPhone to keep WhatsApp running smoothly
If you’re an iPhone user, it’s time to double-check your device, especially if you rely heavily on WhatsApp. Starting May 2025, WhatsApp will officially stop working on iPhones running iOS 15.1 or earlier.
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Taijul Islam’s 5-wicket haul restricts Zimbabwe on Day 1 of Test 2
Chattogram, April 28, 2025 – A brilliant 5-wicket haul by Bangladesh’s Taijul Islam put Zimbabwe on the back foot as they ended Day 1 of the second Test at 227 for the loss of nine wickets at Zahur Ahmed Chowdhury Stadium. The Zimbabwean batting line-up, which had started steadily, was dismantled by a combination of disciplined spin bowling and sharp fielding.
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KIBOR – Karachi Interbank Offered Rates on April 28, 2025
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Monday, April 28, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
KIBOR serves as a benchmark interest rate that signifies the average interest rates at which banks in Pakistan offer unsecured funds to one another in the interbank market. The rates announced by the SBP on April 28, 2025, are as follows:
Tenor Bid Offer 1 – Week 11.93 12.43 2 – Week 11.90 12.40 1 – Month 11.83 12.33 3 – Month 11.85 12.10 6 – Month 11.85 12.10 9 – Month 11.80 12.30 1 – Year 11.79 12.29 These rates provide a snapshot of the current cost of borrowing for different tenors in the interbank market. Financial institutions, businesses, and investors use KIBOR as a crucial reference point to assess prevailing market interest rates. The rates can significantly impact the pricing of various financial products, such as loans and deposits.
The transparency offered by the SBP in releasing these rates aligns with its commitment to maintaining openness in the financial markets and providing essential information for economic analysis.
Market analysts are expected to closely scrutinize these rates to gain insights into the prevailing economic conditions and make informed decisions. The KIBOR rates released by the SBP offer valuable data for financial planning and risk management.
It is essential to note that the rates mentioned represent bid and offer rates for each tenor and are provided in percentage points. The SBP’s commitment to transparency is highlighted through the release of these rates, allowing individuals, businesses, and financial institutions to make well-informed financial decisions.
Interested parties seeking further details are encouraged to visit the State Bank of Pakistan’s official website or reach out to relevant authorities. However, it is crucial to acknowledge that these rates are subject to change based on market conditions, and individuals and institutions are advised to verify the latest rates before making any financial decisions.
The SBP’s dedication to timely rate disclosures ensures that stakeholders can access accurate and up-to-date information for effective financial planning and decision-making.
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Pakistan-India tensions weigh on KSE-100 index, drops 1.22%
Karachi, April 28, 2025 – The benchmark KSE-100 index at the Pakistan Stock Exchange (PSX) saw a decline of 1,405 points or 1.22% on Monday, largely driven by escalating tensions between Pakistan and India.
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SBP flags tariffs, global conflicts as risks to economy
Karachi, April 28, 2025 – The State Bank of Pakistan (SBP) on Monday released its Half Year Report FY25 on the state of Pakistan’s economy, highlighting several key risks that could impact the country’s future economic performance.
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Pakistan gold prices drop by Rs1,600 per Tola amid global decline
Karachi, April 28, 2025 – Gold prices in Pakistan experienced a significant drop of Rs1,600 per Tola on Monday, following a decline in global market values.
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NBP updates financial position as of March 31, 2025
Karachi, April 28, 2025 – National Bank of Pakistan (NBP) provided a comprehensive update to its shareholders on Monday regarding the bank’s financial position as of March 31, 2025.
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Indus Motors posts strong 3QFY25 results, surpassing expectations
Karachi, April 28, 2025 – Indus Motors Company Limited announced its financial results for the third quarter of the fiscal year 2024-25 on Monday, significantly exceeding market expectations.
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