Karachi, April 21, 2025 – Attention tech enthusiasts: the popular realme C61 just became even more desirable with an exciting price drop that’s hard to ignore!
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KIBOR – Karachi Interbank Offered Rates on April 21, 2025
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Monday, April 21, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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Taxpayers Declared Inactive Despite Deadline Extension: KCCI
Karachi, April 21, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly criticized the Federal Board of Revenue (FBR) for declaring numerous taxpayers inactive, even after officially extending the deadline for filing sales tax returns for February and March 2025.
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Updated iPhone Model Prices in Pakistan, Including 16 Pro Max
April 2025 – The Apple iPhone continues to be a premium product in the Pakistani market, with prices significantly higher than in most global regions. Despite the global tech market offering increasingly competitive pricing, the cost of Apple’s flagship smartphones in Pakistan reflects persistent local taxes, import duties, and currency devaluation.
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Xiaomi Set to Launch Redmi Turbo 4 Pro on April 24
Xiaomi is all set to expand its popular Redmi lineup with the official launch of the Redmi Turbo 4 Pro on Thursday, April 24. This new smartphone builds upon the success of the original Turbo 4, which debuted in January, and promises enhanced performance and features, making it one of the most anticipated releases of the month.
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Vivo T4 Officially Gets Snapdragon 7s Gen 3
Tech giant Vivo has officially confirmed that its upcoming smartphone, the Vivo T4, will be powered by the Snapdragon 7s Gen 3 chipset. Scheduled for launch on April 22, the Vivo T4 has been generating buzz for weeks, and the confirmation puts to rest speculation surrounding its core specifications.
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Pakistan, UAE Ink Multiple MoUs to Deepen Bilateral Cooperation
Islamabad, April 21, 2025 – Pakistan and the United Arab Emirates (UAE) signed a series of Memoranda of Understanding (MoUs) on Monday, covering key areas such as culture, trade, and consular affairs. These agreements reflect the growing partnership and mutual trust between the two brotherly nations.
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Mohtasib Provides Rs1.65 Billion Record Relief to Banking Clients
KARACHI: April 21, 2025 – The Banking Mohtasib Pakistan (BMP) provided monetary relief worth Rs1.65 billion to banking customers in 2024 by resolving 27,753 complaints against commercial banks, marking a significant increase from Rs1.26 billion in relief extended in 2023 through 25,493 resolved cases.
At a press conference in Karachi, Banking Mohtasib Sirajuddin Aziz presented the BMP’s Annual Report for 2024 and highlighted key achievements. Including carry-over cases from 2023, a total of 41,546 complaints were handled during the year. Out of these, 24,498 complaints were amicably settled through reconciliation. Additionally, 1,330 complaints (5%) were resolved after formal hearings conducted across the country—including in Mirpur (AJK), where BMP has no permanent office—while 1,925 cases (7%) were dismissed due to jurisdiction issues, frivolous content, or incomplete information.
Since its inception in 2005, the Banking Mohtasib has facilitated around Rs8 billion in relief to banking customers nationwide. According to the report, public complaints increased by 6% in 2024 compared to the previous year, largely due to the rising use of digital platforms and mobile apps, which has unfortunately led to a spike in cyber fraud and account-related disputes.
Of the total complaints, 7,193 were routed through the Prime Minister’s Portal. Aziz noted that an influx of 3,283 complaints during the last 45 days of 2024 contributed to a backlog now carried into 2025.
The Banking Mohtasib stressed that while banks have attempted to educate customers via media campaigns about online safety and fraud prevention, these efforts have fallen short. He emphasized the urgent need to spread awareness in rural areas and recommended delivering these messages in regional languages to ensure maximum impact.
Aziz also highlighted that newly launched digital banks now fall under the Banking Mohtasib’s jurisdiction, necessitating more staff trained in fintech operations and technology.
The Banking Mohtasib’s Annual Report was formally submitted to the Governor of the State Bank of Pakistan on March 27, 2025, in compliance with statutory requirements.
He concluded by acknowledging the media’s continued support in raising awareness about banking grievances and strengthening consumer protection across the financial sector.
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KSE-100 Gains 1,068 Points Amid Corporate Optimism
Karachi, April 21, 2025 – The Pakistan Stock Exchange (PSX) witnessed a powerful rally on Monday, with the benchmark KSE-100 index climbing 1,068 points, fueled by robust corporate earnings that exceeded market expectations.
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PKR vs USD: Rupee Slides Against Dollar Amid Global Uncertainty
Karachi, April 21, 2025 – The Pakistani rupee on Monday weakened by 15 paisas against the US dollar, reflecting mounting pressure from persistent global economic uncertainty, particularly driven by intensifying tariff disputes.
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