The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Wednesday, April 16, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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KSE-100 Sheds 755 Points Despite Positive Developments
Karachi, April 16, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline of 755 points on Wednesday, closing at 116,020 points, down from the previous day’s close of 116,775 points.
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P@SHA Recommends Continuation of Final Tax Regime
Karachi, April 16, 2025: The Pakistan Software Houses Association (P@SHA) has urged the federal government to extend the Final Tax Regime (FTR) for the IT and IT-enabled services (ITeS) sector for another 10 years, emphasizing its critical role in maintaining growth momentum, attracting foreign investment, and supporting Pakistan’s digital economy.
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Honor Showcases Next-Gen AI Tools with Google
At Google Cloud Next 2025, Honor took center stage by unveiling its latest suite of AI-powered tools, signaling its bold new vision for the future of intelligent devices.
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PKR vs USD, April 16, 2025: Interbank Rupee Strengthens
Karachi, April 16, 2025: The Pakistani rupee strengthened slightly against the US dollar on Wednesday, gaining 11 paisas in the interbank foreign exchange market.
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Citizens Disappointed as Pakistan Raises Petroleum Levy
Islamabad – April 16, 2025: Citizens are disappointed because despite a sharp decline in global oil prices, the government of Pakistan has chosen to raise the petroleum levy and keep domestic fuel prices unchanged for the second half of April — a move that has drawn strong criticism from citizens across the country.
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Gold Prices Hit Fresh High, Near Rs350,000 per Tola in Pakistan
Karachi – April 16, 2025: Gold prices in Pakistan soared to an all-time high on Wednesday, nearing the crucial psychological threshold of Rs350,000 per tola amid ongoing global market turmoil.
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Nvidia to Launch RTX 5060 and 5060 Ti
Nvidia has officially unveiled its latest entry-level GPUs, the GeForce RTX 5060 and RTX 5060 Ti, expanding its 50-series lineup.
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Infinix Note 40 Series to Get Android 15 Update Soon
Infinix has officially confirmed that six of its smartphones from the popular Note 40 Series will soon receive the latest Android 15-based XOS 15 update.
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Meghan Markle Embraces Support Amid HRH Controversy
Los Angeles, April 16, 2025 – Despite facing ongoing backlash over the use of the title “Your Royal Highness” in a recent letter, Meghan Markle appeared unbothered and instead chose to shine a spotlight on the admiration she’s receiving from fans around the world.
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