Islamabad, March 18, 2025 – Special Assistant to the Prime Minister (SAPM) for Industries and Production, Haroon Akhtar Khan, met with Hiroshi Kawamura, CEO of Pak Suzuki, to explore opportunities for expanding industrial and trade cooperation between Pakistan and Japan.
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Weather Update: Intermittent Rains Expected in Central Punjab
Islamabad, March 18, 2025 – Light rains accompanied by gusty winds are expected to hit various parts of central Punjab, including Lahore, on Tuesday night and Wednesday, according to the latest forecast issued by the Pakistan Meteorological Department (PMD).
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JazzCash Launches Shariah-Compliant Investment Solution
Islamabad, March 18, 2025 – JazzCash, in partnership with Salaam Family Takaful Limited, has introduced Salaam Investments, a Shariah-compliant investment solution designed to provide 13 million active JazzCash users with a seamless way to grow their finances while adhering to Islamic principles.
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MTO Karachi Seals Hobnob Outlets for Sales Tax Fraud
Karachi, March 18, 2025 – The Medium Tax Office (MTO) Karachi has taken strict action against M/s. Hobnob, sealing three of its outlets for alleged sales tax fraud.
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Customs Issues Valuations for Ferro Manganese, Ferro Silicon
Karachi, August 12, 2025 – The Directorate General of Customs Valuation has issued a new Valuation Ruling No. 59/2025, revising the customs values of Ferro Manganese, Ferro Silicon, and Silico Manganese under Section 25A of the Customs Act, 1969.
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KIBOR – Karachi Interbank Offered Rates on March 18, 2025
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Tuesday, March 18, 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 March 18, 2025, are as follows:
Tenor Bid Offer 1 – Week 11.93 12.43 2 – Week 11.89 12.39 1 – Month 11.84 12.34 3 – Month 11.82 12.07 6 – Month 11.77 12.02 9 – Month 11.69 12.19 1 – Year 11.68 12.18 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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PKR to USD: Interbank Rupee Slumps on Higher Dollar Demand
Karachi, March 18, 2025 – The Pakistani rupee weakened against the US dollar on Tuesday, closing 10 paisas lower in the interbank foreign exchange market.
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Pakistan Introduces Scripless Digital Prize Bonds
Islamabad, March 18, 2025 – The Finance Ministry has officially notified the draft rules for the issuance of digital prize bonds in Pakistan, marking a significant shift towards modernizing the national savings framework.
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SBP Releases Forex Rates in PKR for March 18, 2025
On March 18, 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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Gold Rallies in Pakistan; Prices Hit Record Rs 317,350 per Tola
Karachi, March 18, 2025 – Gold prices in Pakistan surged to a new record high on Tuesday, reflecting uncertainty in global markets and a weakening rupee.
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