Karachi: Bank Alfalah Limited (BAFL) announced a 40% year-on-year increase in profitability for the first half of the calendar year 2026, driven by higher capital gains and asset book growth. The bank reported a profit of PkR21.3 billion, or PkR6.8 pe…
Karachi: Pakistan Telecommunication Company Limited (PTCL) and the World Wildlife Fund for Nature (WWF) have joined forces for a tree plantation drive at the PTCL Training Academy in Islamabad, part of the ‘Plant for Pakistan’ initiative. This effort,…
Karachi: The KSE-100 index saw limited movement this week, ultimately closing at 180,104 points, a decrease of 1,325 points, or 0.7% from the previous week, amid uncertainty over the extension of the 60-day US-Iran ceasefire, which is set to expire on…
Karachi: The Karachi Stock Exchange (KSE) faced a challenging week as geopolitical tensions and high oil prices exerted pressure on the market. The benchmark KSE-100 index declined by 1,325 points, or 0.7%, closing at 180,105 points. Despite the downt…
ISLAMABAD: Pakistan has recorded its lowest fiscal deficit in decades, achieving a fiscal deficit of 2.61% of GDP or Rs3.3 trillion for the fiscal year 2026, a significant decrease from the previous year’s 5.4% of GDP or Rs6.2 trillion. This represent…
Karachi: Pakistan’s fiscal deficit reached a historic low in the fiscal year 2026, declining by 46% from the previous year, as the country reported a deficit of PkR3.3 trillion, or 2.6% of GDP, compared to PkR6.2 trillion, or 5.4% of GDP, in FY25. Sim…