Floating LNG storage could empty within a week as supply disruptions raise energy concerns. Pakistan’s floating liquefied natural gas (LNG) storage facilities could run out of gas within seven to eight days if new cargoes fail to arrive, raising concerns over short-term fuel availability for power generation and industry. Chairman Associated Group Iqbal Z Ahmed…
In CY25 the banking sector posted an all-time high profit of Rs672bn, reflecting an 11%YoY increase. This growth was achieved despite a cumulative 250bps decline in the policy rate from 13% to 10.5% during the year. The strong profitability was primarily driven by a significant reduction in provisioning charges, particularly among large banks. The banking…
The AI revolution in auto industry is also making headway as China’s electric vehicle startup IM Motors will launch a new artificial-intelligence system called “Ultra Agent” on March 18, signaling how rapidly AI agents are entering the automotive sector. The system is built on Qwen, a suite of large language models developed by Alibaba Group….
Tesla’s retail sales in China rose sharply in February, defying a broader electric vehicle market slowdown and pushing its battery electric vehicle market share to the highest level since April 2024. Tesla sold 38,206 vehicles in China in February, according to data released Thursday by the China Passenger Car Association. That figure increased 42.68% from…
Webflow has acquired AI-powered content generation platform Vidoso to strengthen its marketing software capabilities and expand its push into automated brand and campaign management tools. Webflow, a software platform for building and hosting websites, is acquiring AI-powered content generation platform Vidoso to expand its suite of marketing offerings. The deal brings Vidoso’s four-person team into…
Toyota is recalling 550,007 Highlander and Highlander Hybrid vehicles in the United States after regulators flagged a seat-back locking issue that could raise injury risks in a crash. Toyota is recalling 550,007 vehicles because of a seat-back locking issue, according to a notice filed with the National Highway Traffic Safety Administration. The recall covers 420,771…
The Competition Commission of Pakistan (CCP) has authorized the acquisition of shares of Faysal Bank Limited by Maple Leaf Cement Factory Limited (MLCF) following a review under the Competition Act, 2010. The transaction involves the purchase of shares of Faysal Bank by Maple Leaf Cement through open market transactions on the Pakistan Stock Exchange (PSX)….
The market opened under pressure on Thursday with early selling pushing the index down to an intraday low of 2,354 points. Mid-session optimism sparked a rebound, briefly lifting the market into positive territory with an intraday high of 1,221 points. However, the recovery proved short-lived as profit-taking and cautious sentiment amid the ongoing Middle East…
Gold prices in Pakistan declined on March 12 following a drop in international bullion rates.Gold prices in Pakistan fell on Thursday, March 12, 2026, according to figures issued by the All Pakistan Sarafa Gems and Jewellers Association. The association reported a decline in both domestic bullion rates and international gold prices.The price of 24-karat gold…
Pakistan’s energy regulator increased RLNG prices for March 2026 due to higher import costs and terminal charges. The Oil and Gas Regulatory Authority (OGRA) on Thursday raised Re-gasified Liquefied Natural Gas (RLNG) prices for March 2026 following higher international procurement costs. The revised prices took effect from March 1 under federal government policy guidelines, according…