610 stories · Page 18 of 21
Meezan Bank, Pakistan's largest Islamic bank, has reported a profit after tax of Rs23.4 billion for the first quarter of calendar year 2026, reflecting continued strong earnings performance driven by net financing income and growth in the Islamic banking sector's deposit base. The results reinforce Meezan's position as a dominant force in Pakistan's banking landscape.
The Federation of Pakistan Chambers of Commerce and Industry has announced it will present a comprehensive shadow budget next week, offering an alternative fiscal framework ahead of the government's annual budget. The document is expected to include private sector recommendations on taxation, trade policy, energy costs, and industrial incentives.
A new industry survey has found significant gaps in cybersecurity policies across Pakistani corporations, revealing that many companies lack formal incident response frameworks, data protection protocols, and employee awareness programmes. The findings highlight a systemic vulnerability in the country's private sector digital infrastructure.
Pakistan's textile industry has formally called on the State Bank of Pakistan to expand and enhance working capital refinance facilities, citing mounting liquidity pressures that are constraining production and export capacity. Industry representatives argue that current refinancing limits are insufficient to meet the sector's operational needs amid elevated input costs and tight credit conditions.
The Sindh government's business approval digitalisation initiative, implemented through the SBOSS platform, has facilitated the registration of 15,000 businesses and the issuance of 8,000 licences, according to official figures released on Friday. The milestone marks a significant step in the province's effort to streamline the business environment and reduce bureaucratic friction for entrepreneurs.
Punjab has formally launched a new public-private partnership model for wheat procurement, marking a structural shift in how the province manages grain acquisition as harvest season approaches. The model is designed to bring private sector efficiency and financing into a process historically dominated by government procurement agencies operating at significant fiscal cost.
The Iranian rial is trading at a notable premium in Pakistan's informal currency exchange markets, an unusual development that analysts attribute to heightened demand from cross-border traders and businessmen seeking to hedge against the disruption of formal financial channels amid the ongoing US-Iran conflict. In Pakistan's open market, particularly in cities with significant commercial ties to Iran such as Quetta and border trading posts in Balochistan, the rial is commanding rates well above its official valuation in Tehran.
Oil and Gas Development Company has received the tenth scheduled interest payment under Pakistan's circular debt resolution plan, marking continued progress in the government's structured effort to address chronic intercompany arrears that have long distorted the energy sector's financial integrity. The payment signals ongoing compliance with the settlement framework agreed between state energy entities and the government.
The Deputy Governor of the Bank of England warned in a BBC interview on Friday that global stock markets are currently overvalued and appear set for a significant correction. The statement represents one of the most direct public cautions from a senior central bank official in recent months.
Pakistan Suzuki Motor Company has commenced the export of Suzuki Cultus automotive parts to Thailand, marking a significant step in the country's ambition to integrate into regional automotive supply chains. The development signals growing confidence in Pakistan's manufacturing capability and cost competitiveness within the global auto parts sector.
Gold prices are on course for a weekly decline as elevated oil prices fuel inflation expectations, prompting investors to reassess the safe-haven metal's near-term attractiveness in a shifting macroeconomic environment. Crude oil's climb to a two-week high, driven by escalating tensions in the Middle East linked to the US-Iran diplomatic impasse, has raised the spectre of broader inflationary pressure.
Pakistan's freelancing sector has recorded a notable increase in earnings, reflecting growing international demand for Pakistani digital talent and the government's sustained efforts to expand the country's digital economy footprint. The rise positions Pakistan among the top global freelancing markets by volume and earnings growth.
Wall Street ended Thursday's session in muted territory as a combination of unresolved Middle East tensions and mixed corporate earnings reports dampened investor sentiment. Major indices saw limited movement as traders weighed geopolitical uncertainty against an uneven earnings season that has produced divergent results across sectors.
The Securities and Exchange Commission of Pakistan has reported that Pakistan's capital markets have demonstrated notable resilience in the face of global shocks and regional war-related turbulence, maintaining structural stability despite significant external headwinds. The SECP assessment points to sustained investor confidence and regulatory soundness as key factors underpinning market performance.
Tesla's announcement of a $25 billion capital expenditure plan focused on artificial intelligence and autonomous driving technology has raised questions among investors about the near-term returns on what critics describe as unproven bets. The scale of the investment commitment, disclosed in the company's latest earnings guidance, far exceeds current market expectations for Tesla's capital deployment and has prompted a reassessment of the company's financial trajectory.
India's central bank has issued a warning that inflation risks are rising due to supply-side disruptions, signalling concern about price pressures that could complicate the Reserve Bank of India's monetary policy trajectory. The RBI's assessment points to disruptions in food and agricultural supply chains as key drivers of near-term inflationary risk, compounded by elevated global commodity prices.
A humanoid robot has completed what is reported to be the first cleaning assignment inside a residential apartment in the United States, marking a notable milestone in the commercialisation of autonomous robotic technology for domestic environments. The development signals accelerating progress in the application of humanoid robotics beyond industrial and warehouse settings.
Gerry's dnata, the Pakistan-based joint venture between Gerry's Group and Dubai-based dnata, issued a formal public disclaimer Sunday distancing itself from certain business operations, in a move that signals an internal or reputational dispute requiring official clarification. The disclaimer, the specifics of which were not elaborated upon in available reporting, represents an unusual step for an established aviation services company and raises questions about unauthorised use of the brand, third-party claims of association, or potential disputes with business partners operating under related names.
Seven young Pakistani entrepreneurs and professionals have been included in Forbes Asia's prestigious 30 Under 30 list for 2026, marking a notable showing for the country on one of the region's most closely watched young achievers' rankings. The inclusion spans multiple sectors, reflecting Pakistan's emerging base of young talent in technology, social enterprise, finance, and creative industries.
Systems Limited, one of Pakistan's largest publicly listed technology services companies, reported a 21 percent surge in profit for the first quarter of calendar year 2026, signalling robust momentum in its export-oriented IT services business. The result reflects continued demand for offshore software development and digital services from international clients.
ABHI Bank closed the 2025 financial year with its highest-ever profit after tax of Rs1.019 billion, marking a significant milestone for the digital-focused financial institution. The record earnings reflect strong growth in the bank's core operations and its expanding customer base in the embedded finance and payroll lending segments.
US energy major Chevron has formally filed a request with Greece's energy ministry to acquire rights to an offshore exploration block, according to an official statement from the ministry. The move signals renewed international interest in Greece's offshore hydrocarbon potential as European nations seek to diversify energy sources and reduce dependence on Russian supply.
The Royal Bank of Canada reported a rise in quarterly profit, driven primarily by a boost in trading revenues, according to results released Thursday. The bank's performance reflects broader momentum in capital markets activity, with trading desks benefiting from elevated volatility and increased client activity across fixed income and equity segments.
The chief executive of Chinese electric vehicle manufacturer NIO has warned that China's automotive industry is unlikely to return to the rapid growth and profitability that characterised its so-called golden era, citing structural shifts in demand, intensifying domestic competition, and margin compression across the sector. The remarks by NIO's CEO reflect growing anxiety within China's EV ecosystem, where a prolonged price war has eroded revenues for most major players including market leader BYD.
Senior executives at Indian technology companies report that artificial intelligence tools are dramatically accelerating the pace of patent creation at the country's major tech hubs, with some firms citing multi-fold increases in the volume of intellectual property filings within recent quarters. The development positions India as an increasingly competitive player in the global innovation race.
The Pakistan Vanaspati Manufacturers Association has convened a meeting to discuss the mounting challenges confronting the ghee and cooking oil industry, highlighting structural pressures that have intensified ahead of Eid-ul-Azha when demand for cooking fats typically surges. Industry representatives examined pricing pressures, input cost volatility, and regulatory friction as key concerns.
An Indian steel magnate has emerged as the lead investor in a $1.65 billion deal to acquire the Indian Premier League franchise Rajasthan Royals, marking one of the largest transactions in the history of the cricket-based sports property business. The deal reflects the extraordinary commercial trajectory of the IPL, which has transformed from a domestic Twenty20 tournament into a globally valued sports and entertainment asset attracting billionaire-class investors and institutional capital.
A federal minister has called for comprehensive tax rationalisation and structural reforms in Pakistan's dairy sector, arguing that targeted policy intervention is essential to boost productivity, ensure food safety standards, and improve nutritional outcomes for the country's population. The minister made the remarks at an industry engagement event on Sunday.
The United States trade office hosted a virtual briefing session for Pakistani business representatives and government officials on Sunday, outlining the scope and opportunities available at the upcoming SelectUSA Investment Summit 2026. The event is designed to attract foreign direct investment into the United States and is attended by delegations from across the world.
The Pakistan Business Forum has formally called on the federal government to adopt a package of growth-oriented economic policies, arguing that the current policy mix remains too restrictive to stimulate meaningful private sector expansion and job creation. The demand was made through an official communiqué addressed to relevant economic ministries.