Business
PSX Loses 4,816 Points in One Week, Closes at 170,511
Pakistan Plans Major Oil Hub With Deep-Water Facility in Hub
The government has initiated work on an ambitious plan to establish an integrated oil city in Hub, Balochistan, aimed at strengthening Pakistan’s petroleum import, storage…
Punjab Borrowing Jumps 145% to Rs. 753 Billion in FY27
Punjab’s borrowing from banks for budgetary support surged by 145% to Rs. 753.4 billion during the first seven weeks of the current fiscal year, highlighting…
Pakistan Trade Deficit Widens to $7.1 Billion in 2MFY27
Pakistan’s trade deficit widened by 18% year-on-year to $7.1 billion during the first two months of fiscal year 2026-27, as imports increased at a faster…
Pakistani Rupee Edges Up Against US Dollar Amid Global Market Shifts
The Pakistani rupee extended its marginal gains today, appreciating 0.01% against the US Dollar. Consequently, the local unit closed the day at 277.42. This marks…
Oilboy Energy Plans 70 Fast EV Charging Stations Across Pakistan
Oilboy Energy Limited (OBOY) plans to build a nationwide network of 70 electric vehicle (EV) fast-charging stations. The energy company wants to raise Rs. 1…
28,761 Companies Face SECP Action Over Missing Beneficial Owner Data
The Securities and Exchange Commission of Pakistan (SECP) has issued show-cause notices to 28,761 companies for failing to submit mandatory details of their Ultimate Beneficial…
Imran Sarwar Appointed as New President & CEO of NBP
The Federal Government has officially appointed Mr. Imran Sarwar as the new President and Chief Executive Officer (CEO) of the National Bank of Pakistan (NBP).…
Pakistan Plans to Introduce A Centralised Digital Merchant Database
The Pakistan government has proposed establishing a centralised digital merchant database. This move aims to improve real-time transaction visibility across the country. Furthermore, it will…
Gold and Silver Prices Surge Today After A Massive Drop Yesterday
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 Urges Banks and Fintechs to Rapidly Expand Digital Credit
The State Bank of Pakistan (SBP) has called on banks and fintech companies to accelerate the expansion of digital credit while building a trusted, accountable…
Local Banks Attract Rs. 13 Billion in Deposits Per Day in July
Pakistan’s banking sector recorded a 13.9% year-on-year (YoY) increase in deposits to Rs. 39.05 trillion in July 2026, according to data compiled by the State…
Maple Leaf Cement Approves Merger With Pioneer Cement
Maple Leaf Cement Factory Limited (PSX: MLCF) has approved a proposed scheme to merge Pioneer Cement Limited (PSX: PIOC) into the company, subject to shareholder…