SBP Designates Domestic Systemically Important Banks for 2026: HBL, UBL & NBP
The State Bank of Pakistan (SBP) has officially designated Habib Bank Limited (HBL), United Bank Limited (UBL), and National Bank of Pakistan (NBP) as Domestic…
Massive Import Data Discrepancy Forces PBS Reckoning Ahead of IMF Review
Pakistan Bureau of Statistics (PBS) has revised import data worth up to $30 billion on a monthly and annual basis, removing discrepancies that had a…
Gold & Silver Prices Show a Strong Upwards Momentum as Market Closes for the Weekend
Stalled US-Iran negotiations currently ignite massive volatility in precious metals. President Trump recently demanded historical conflict compensation from Tehran. This demand effectively freezes ongoing peace…
SBP Injects Rs. 12.38 Trillion Into Banking System Through OMO
The State Bank of Pakistan (SBP) injected Rs. 12.38 trillion into the banking system on Friday through conventional and Shariah-compliant Open Market Operations (OMO) to…
Pakistan to Sign Refinery Upgrade Agreements Within 7-10 Days
Pakistan is set to sign agreements with local refineries within the next seven to 10 days to accelerate long-delayed refinery upgrade projects, Petroleum Minister Ali…
PSX Closes 574 Points Higher After Volatile Trading Session
The Pakistan Stock Exchange (PSX) closed higher on Friday after a volatile trading session, with the benchmark KSE-100 Index gaining 574.76 points, or 0.33%, to…
Lahore ATM Card Fraud: FIA Arrests 3 Over Rs15m Scam
The Federal Investigation Agency (FIA) has arrested a three-member gang accused of orchestrating a large-scale digital banking fraud in Lahore that compromised the data of…
Engro Holdings’ First Half Profit Falls 41%
Engro Holdings Limited reported a 41 percent year-on-year (YoY) decline in consolidated profit after tax to Rs. 18.6 billion during the first half of calendar…
Govt Renews Mari Energies’ Ghotki Lease Until 2065
Mari Energies Limited (PSX: MARI) has received government approval for the renewal of its Mari Development and Production Lease in Ghotki, Sindh, allowing the company…
IFC Approves $10 Million Loan for Women and Small Businesses in Pakistan
The International Finance Corporation (IFC), a member of the World Bank Group, has provided a $10 million loan to ASA Microfinance Bank (Pakistan) Limited to…
Strong Investor Interest Emerges in GEPCO Privatisation
The privatisation of Gujranwala Electric Power Company (GEPCO) has attracted strong interest from domestic and international investors, with 11 prospective investors submitting Expressions of Interest…
Abdul Wahid Sethi Appointed Acting NBP President and CEO
The government has appointed National Bank of Pakistan (NBP) Chief Financial Officer Abdul Wahid Sethi as the acting President and Chief Executive Officer of the…
