Bitcoin and Ethereum surged, lifting the global crypto market value to nearly $3.92 trillion amid renewed optimism over improving economic conditions. Bitcoin rose nearly 4 percent to trade above $115,900, while Ethereum jumped about 7.7 percent to reach approximately $4,253 during the trading session. The market-wide rally signaled improving investor confidence following reports of easing…
Millat Tractors Limited (MTL) reported a 17% year-on-year decline in profit for the first quarter of FY2025–26, posting earnings of Rs514 million or Rs2.57 per share, well below market expectations. Quarterly profit also fell 61% compared to the preceding quarter, reflecting weaker sales and lower non-operating income. Read More: Poor Farm Economics Weighing on Millat…
The KSE-100 Index settled at 162,163 points, posting a decline of 1,140 points after a highly volatile trading session. Investor sentiment remained mixed as the index oscillated between an intraday high of 163,570 and a low of 161,766, with volatility primarily stemming from rollover pressure ahead of futures contract expiry. Read More: Pakistan Stock Market…
Pakistan’s central bank kept its policy rate unchanged at 11% on Monday, in line with market expectations, citing a stronger growth outlook and easing concerns over flood-related economic disruptions. According to the Monetary Policy Committee’s (MPC) statement, the State Bank of Pakistan (SBP) now expects GDP growth for FY2025–26 to remain in the upper half…
SBP clarified that the recently introduced two-hour cooling period for digital fund transfers aims to strengthen customer due diligence and prevent fraudulent transactions. SBP officials addressed media reports, emphasizing that all digital fund transfers are processed in real-time, and recipients receive the transferred money instantly in their accounts. It applies only to branchless banking and…
Islamabad and Ankara explore maritime cooperation including a potential ferry route and shipbuilding joint projects. Pakistan and Türkiye on Thursday discussed a wide-ranging maritime partnership plan covering shipbuilding, logistics, and a possible ferry service linking the two countries, as both sides seek to strengthen economic and transport connectivity across the region. Read More: Pakistan eyes…
Selling by mutual funds and weak quarterly results push market lower. Pakistan’s benchmark KSE-100 Index extended its losing streak on Thursday, declining by [verify]% to close at [verify] points, as mutual fund selling and profit-taking weighed on sentiment ahead of the futures rollover week. The banking sector was the biggest drag on the market, with…
Pakistan aims to transform its maritime sector into a driver of regional trade and economic growth, positioning the country as a hub of connectivity across Asia, the Gulf, and East Africa, Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry said on Thursday. Speaking at the Regional Transport Ministers’ Conference in Islamabad, Chaudhry announced that Pakistan’s “blue…
Earnings slump amid higher operating expenses and weaker non-interest income Bank Alfalah Ltd (BAFL) reported a sharp decline in profitability for the third quarter of 2025, with consolidated earnings falling 52% year-on-year to Rs6.3 billion, translating into earnings per share (EPS) of Rs4.0. The result came in below market expectations, primarily due to elevated operating…
The KSE-100 Index ended the session at 164,590 points, recording a decline of 1,962 points. The trading day remained notably volatile, reflecting mixed investor sentiment, as the index oscillated between an intraday high of 166,720 and a low of 164,395. The volatility was largely attributed to profit-taking ahead of the upcoming rollover week, coupled with…