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…
ISLAMABAD, Oct 22: The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s FLSmidth Cement by M/s Corsica Buyer ApS under a global Share Purchase Agreement. The transaction involves the acquisition of FLSmidth Cement A/S, a Danish company engaged in providing cement technologies and related services worldwide, by Corsica Buyer ApS—a newly incorporated…
The Pakistani rupee made a marginal gain against the US dollar in the inter-bank market on Wednesday and closed at 281.05. State Bank of Pakistan said that it was up by Rs0.01 against the US dollar. The Pakistani rupee has continued to gain against US dollar. It appreciated 0.07% during the early trade at 19am….
The local bourse experienced a highly volatile session today, oscillating in both directions throughout the trading day. The KSE-100 Index posted an intraday high of 816 points and a low of 1,115 points before finally closing at 166,553, down 793 points or 0.47%. The choppy performance reflected investors’ inclination to book profits on strength following…
Pakistan has recorded remarkable advancement in women’s financial inclusion since the launch of the Banking on Equality policy, introduced by the State Bank in 2021. The total number of active bank accounts held by women has increased sharply from 20 million to 37 million, demonstrating rising financial awareness among them. The State Bank of Pakistan…
Federal Minister for Maritime Affairs Junaid Anwar Chaudhry has announced an ambitious “Sea to Steel Green Corridor” project aimed at reviving Pakistan Steel Mills and saving up to $13 billion over the next decade through reduced steel imports. Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry has unveiled an ambitious plan to revive the…
The KSE-100 Index wrapped up the session on a strong footing, closing at 167,346 points after registering gain of 1,103 points. The market sustained its upward momentum following the ceasefire announcement, with the index oscillating between an intraday high of 168,414 and a low of 166,923. The bullish trend was largely fuelled by exceptional performances…
NBP at forefront of Digital Transformation towards cashless Banking in Pakistan, enabled National Accountability Bureau on Smartpay. The initiative has enabled fast, secure, and paperless transaction processing solution to bring ease for round the clock payments. This milestone demonstrates NBP’s commitment to delivering efficient and transparent digital payment solutions, further strengthening NBP’s role in supporting…
The salaried class has emerged as major contributor in paying tax which accounts for around one-third of Pakistan’s total personal income tax (PIT) collection. It highlights an increasing tax burden on formal sector employees despite stagnant wage growth and limited fiscal space for middle-income earners. According to official data for fiscal year 2024–2025, the government…