Pakistan National Shipping Corporation (PNSC) said it had received official communication from the Ministry of Maritime Affairs confirming that Prime Minister Shehbaz Sharif has approved the National Logistic Corporation’s acquisition of a 30% shareholding in PNSC. The company shared the development in a notice to the Pakistan Stock Exchange (PSX) today. The PM has also approved the transfer of
Asia’s financial markets were higher on Wednesday with Korean chipmakers leading gains, as investors double down on what they see as the safest bet on artificial intelligence (AI), while the yen remained in focus. Investors rocked by volatility in recent months were also awaiting U.S. President Donald Trump’s State of the Union speech on Tuesday evening in Washington. Market participants are br
The Bank of Punjab (BOP) announced on Tuesday that it had approved the injection of an additional capital of Rs1.0 billion in BOP Exchange Private Limited. The decision was taken during a board meeting held on February 17, 2026, the company’s filing informed the Pakistan Stock Exchange (PSX) today. It said that the decision was made to meet the required regulatory capital requirements and su
Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its consolidated annual financial results for the year ended December 31, 2025. PTCL recorded strong YoY revenue growth, maintaining its position as Pakistan’s premier integrated telecom and ICT services provider. Financial Highlights Consolidated revenue increased by 12
Hub Power Company Limited (HUBC) reported consolidated profit of Rs10.6 billion for the second quarter of FY26, translating into earnings per share (EPS) of Rs8.19, up 152 percent year-on-year but down 9 percent on a sequential basis, with the result falling short of industry expectations due to a higher-than-anticipated effective tax rate. The sharp year-on-year increase in earnings was primar