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Hub Power FY26 Profit Hits Rs. 48.6 Billion on Stronger BYD Contribution
Hub Power Company Limited (PSX: HUBC) reported a profit after tax (PAT) of Rs. 48.6 billion for fiscal year 2026, up 8% from Rs. 46…
Serious Questions Raised Over Rs. 556.8 Million Solar Deal at Pak Datacom
Serious financial, administrative and corporate governance concerns have been raised over a Rs. 556.8 million solar panel transaction involving Pak Datacom Limited, with a request…
SBP Foreign Exchange Reserves Rise by $17 Million
Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $17 million during the week ended August 20, 2026, according to…
Peshawar Court Stops 3% Tax Collection From Steel Industry
The Peshawar High Court (PHC) has stopped authorities from recovering a disputed 3% additional tax from a steel industry petitioner, providing temporary relief while the…
PSX Gains Over 1,200 Points as Oil Prices Fall
The Pakistan Stock Exchange (PSX) continued its upward momentum on Thursday, with the benchmark KSE-100 Index gaining more than 1,200 points in early trading as…
Saudi Asyad Group Eyes Pakistan Airport Privatization
Saudi Arabia’s Asyad Group has expressed strong interest in participating in Pakistan’s upcoming airport privatization process and is working to bring together Saudi and international…
Madrassas Set to Join Formal Banking System After Landmark Agreement
Religious leaders, the State Bank of Pakistan (SBP) and financial institutions have agreed on a plan to resolve the long-standing issue of bank accounts for…
World Bank to Lend Punjab $35 Million to Boost Cashless Economy
The Punjab government has finalised a $35 million loan agreement with the World Bank aimed at accelerating the shift toward a cashless economy, officials confirmed.…
NBP Profit Drops 24% in 1st Half of CY26 Amid Core Income Shrinkage
The National Bank of Pakistan (NBP) faced a challenging first half of the year. NBP recorded a 24% decline in its net profit for the…
Systems Limited Net Profit Climbs 17% to Rs6.05bn in 1HCY26
Systems Limited (PSX: SYS) reported a 17% rise in consolidated net profit for the half-year ended June 30, 2026. Net profit reached Rs6.05bn, compared with…
Silicon Valley’s Mobiz Opens Regional Office at NASTP Karachi
Silicon Valley has officially landed in Karachi. Mobiz, a US-based technology company, just established its new regional office at NASTP Karachi. The Securities and Exchange…
Gold & Silver Prices See a Slight Drop Today
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…
