The initial public offering (IPO) of Sitara Petroleum Service Limited witnessed an overwhelming investor response as its book-building process hit the cap price of Rs18.90 within just 10 minutes of opening, setting a new record at the Pakistan Stock Exchange. The issue was fully subscribed in record time, reflecting strong demand from institutional investors and high-net-worth individuals at th
Supernet Technologies Limited (STL) has announced its first financial results following merger with Supernet Limited (SNL), for the nine months ended March 31, 2026, delivering a strong performance. The company reported a topline revenue of Rs 5.72 billion on a consolidated basis, which translated into a gross profit of Rs 1.38 billion and operating profit of Rs 604 million. Profit before taxat
A delegation of the business community, comprising Atif Ikram Sheikh President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), and Mian Zahid Hussain, Chairman Policy Advisory Board of FPCCI, held a highly constructive meeting with the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb Khan. The crucial meeting, which took place at the Finance Minister’s
The yen was steady on Tuesday amid lingering market nerves after suspected intervention by Tokyo last week sparked sharp gains in recent sessions, while the U.S. dollar firmed on safe-haven demand as the Middle East war weighed on sentiment. The Australian dollar was little changed at $0.7168 ahead of a policy decision from the Reserve Bank of Australia later in the day, where the central ban
Gold prices were largely steady on Tuesday, as investors weighed the economic fallout of escalating tensions in the Middle East amid stalled peace talks between the U.S and Iran. Fundamentals Spot gold was up 0.2% at $4,528.99 per ounce, as of 0059 GMT. Bullion fell over 2% to its lowest level since March 31 in the previous session. The Week in Breakingviews newsletter offers insights and