Cherat Cement Profit Down 11% in 2QFY26 

    By Aftab Ahmed | February 18, 2026

    Cherat Cement (CHCC) announced 2QFY26 result on Wednesday wherein the company posted net earnings of Rs2bn (EPS Rs10.4) as compared to profit of Rs2.2bn (EPS Rs11.7) during the same period last year (down 11%YoY).  The result remained higher than our estimate mainly due to better gross margins. Along with the result, the company announced an…

    SHC Directs To Detain SIDA Secretary and MD

    By Aftab Ahmed | February 18, 2026

    Karachi: The Sindh High Court took a stern stance against the Secretary and Managing Director (MD) of the Sindh Industrial Trading Estate Development Authority (SIDA) during a hearing concerning the non-regularization of its employees. The constitutional bench expressed frustration over the continued non-compliance with court orders related to the regularization of 27 SIDA employees. The…

    South Air Announces Jobs in 9 Pakistani Cities

    By Aftab Ahmed | February 18, 2026

    South Air, a domestic airline launched last year in Pakistan, has announced multiple job openings across nine major cities as part of its expansion efforts. The airline is recruiting for the positions of Sales Promotion Officer and Reservation and Ticketing Officer. Both roles require experienced candidates to support the airline’s growing operations.Jobs Portal: Pakistan, Saudi…

    Mitsubishi to Sell Entire 11% Stake in Engro Polymer

    By Aftab Ahmed | February 17, 2026

    Mitsubishi Corporation (MC), a major Japanese conglomerate, has announced its decision to divest its entire 11.007% shareholding in Engro Polymer & Chemicals Limited (EPCL). This move marks a significant change in the foreign ownership structure of the Pakistani chemical manufacturing company. The sale involves 100,053,562 shares of EPCL and has been formalized through a Share…

    Pakistani rupee gains marginally at 279.61

    By Aftab Ahmed | February 16, 2026

    The Pakistani rupee inched up to 279.61 per dollar in inter-bank trade on Monday, as global currency markets steadied and oil prices held near recent levels. The Pakistani rupee registered a marginal gain against the US dollar in the inter-bank market on Monday, closing at 279.61, according to the State Bank of Pakistan. The local…

    PSX KSE-100 falls 2.95% on sell-off

    By Aftab Ahmed | February 16, 2026

    Pakistan’s equity market experienced a pronounced sell-off, sliding into a sharp downturn amid aggressive selling pressure. The benchmark KSE-100 Index declined by 5,149 points (-2.95%), closing the session at 174,453 points. The steep drop was primarily driven by foreign outflows, as reflected in the previous session’s data. Additionally, escalating political noise further dampened investor confidence,…

    Rs 1500 Prize Bond and Rs 100 Draw Results

    By Aftab Ahmed | February 16, 2026

    National Savings conducted two separate prize bond balloting sessions on February 16, 2026: the Rs 100 draw in Karachi and the Rs 1,500 draw in Lahore. Both draws carried their usual cash awards and multiple lower-tier prizes, with the full winning lists to be published by the authority. Read More: Rs100 Prize Bond Draw No….

    Gold Prices Rise Sharply Across Pakistan

    By Aftab Ahmed | February 14, 2026

    Gold prices in Pakistan recorded a strong increase on Saturday, reflecting gains in the international market, with the local per tola rate rising by Rs7,000 during trading. In the domestic market, gold per tola reached Rs526,962 after the increase, reversing the previous day’s decline and marking a notable upward movement in precious metal prices. The…

    Proposed Tariff Changes Could Impact Inflation in Pakistan

    By Aftab Ahmed | February 14, 2026

    The International Monetary Fund is engaging with Pakistan authorities over proposed electricity tariff revisions, emphasizing that middle- and lower-income households should not bear the brunt of increased costs. These discussions aim to evaluate whether Pakistan’s proposed tariff changes align with IMF commitments and to assess their potential impact on macroeconomic stability, including the country’s inflation…

    Pakistan secures $3m GEF funding for marine biodiversity, fisheries

    By Aftab Ahmed | February 14, 2026

    Islamabad — Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry announced that Pakistan has secured $3 million from the Global Environment Facility (GEF) to conserve marine biodiversity and accelerate a shift toward sustainable and regenerative fisheries management. In a statement issued on Saturday, the maritime minister said the project titled “Conserving marine biodiversity by…