Karachi: The Karachi Stock Exchange 100 Index saw a continued decline, closing at 158,465, a drop of 1,636 points. The volume of shares traded fell to 952 million from the previous 1,019 million. The index’s dip below the 50-day moving average (DMA) s…
Karachi: The President of the United Business Group, Zubair Tufail, has voiced strong criticism against the State Bank of Pakistan’s decision to maintain its policy interest rate at 11 percent, describing it as a significant barrier to the expansion o…
Karachi: Oil and Gas Development Company (OGDC) has reported a decline in its financial performance for the first quarter of the fiscal year 2026, with earnings per share (EPS) falling to Rs8.91. This marks a 7% year-on-year decrease and a 5% drop fro…
Karachi: Standard Chartered Bank Pakistan recently hosted a specialized client session to present its digital banking platform, Straight2Bank, in conjunction with a presentation by the State Bank of Pakistan on RAAST, the national instant payment syst…
Karachi: Bank Alfalah has pledged PKR 14.6 million to support the treatment of 37 breast cancer patients in collaboration with Indus Hospital and Health Network and Cancer Foundation Hospital. This funding aims to provide critical diagnostics, surgery…
Karachi: Pakistan’s cement sector has reported a significant profit increase of 20% quarter-on-quarter in the first quarter of fiscal year 2026, amounting to Rs37.5 billion. This growth reflects a 55% rise compared to the same period last year. Howeve…