KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Jawed Bilwani have hailed the Secretary Commerce’s decision to suspend the DGTO’s order, effectively reinstating KCCI’s democratically elected Office Bearers and Managing Committee.
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Country’s Forex Reserves Climb by $187 Million: SBP
Karachi, March 20, 2025 – Pakistan’s foreign exchange reserves saw an increase of $187 million over the past week, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday. The rise in reserves signals improved financial stability, offering some relief amid external economic challenges.
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KIBOR – Karachi Interbank Offered Rates on March 20, 2025
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Thursday, March 20, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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Rupee Faces Slight Dip Against Dollar in Interbank Trade
Karachi, March 20, 2025 – The Pakistani rupee experienced a slight decline against the US dollar in the interbank market on Thursday, influenced by rising foreign payment obligations and sustained demand for the greenback.
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SBP Releases Forex Rates in PKR for March 20, 2025
On March 20, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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SBP Declares Bank Holiday on March 23, 2025, for Pakistan Day
Karachi, March 20, 2025 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on March 23, 2025, in observance of Pakistan Day. The announcement, made on Thursday, confirms that all financial institutions under the SBP will remain closed on this date as per the government’s directive for a public holiday.
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PSX Announces Holiday for Jumua-tul-Wida on March 28
Karachi, March 20, 2025 – The Pakistan Stock Exchange (PSX) has officially announced a market closure on Friday, March 28, 2025, in observance of Jumua-tul-Wida. The notification, issued on Thursday, informs Trading Right Entitlement (TRE) Certificate Holders, staff, and all concerned that the PSX will remain closed to honor this significant day.
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IRIS Errors Disrupt Sales Tax Filing as Deadline Passes
Karachi, March 20, 2025 – A significant number of taxpayers have struggled to comply with the filing of their sales tax returns for February 2025 due to persistent technical issues on the IRIS portal.
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PSX Extends Rally, KSE-100 Hits Record 118,770 Points
Karachi, March 20, 2025 – The Pakistan Stock Exchange (PSX) continued its bullish streak on Thursday, with the benchmark KSE-100 Index reaching an all-time high of 118,770 points.
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Pakistan Gold Surges to New Peak at Rs 320,800 Per Tola
Karachi, March 20, 2025 – Gold prices in Pakistan have soared to an all-time high, reaching Rs 320,800 per Tola on Thursday. This surge is attributed to a sharp increase in global gold markets, reflecting heightened demand and economic uncertainties. The continued rise in gold prices has intensified market activity across Pakistan, with investors closely monitoring the bullion sector.
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