News

China’s GDP reaches nearly USD19trn this year

China’s economy continues to command global attention as its nominal Gross Domestic Product (GDP) reached nearly USD 19 trillion this year, consolidating its position as the world’s second-largest economy after the United States. Despite slower growth compared to the past decade, China remains a central driver of global trade, technology, and investment. Recent projections indicate that the

Asia shares gain on US-China trade hopes; oil eases

Asian shares rallied on Friday as Wall Street earnings and signs of a thaw in U.S.-China relations boosted investor sentiment, while oil prices eased following fresh U.S. sanctions on Russian suppliers. Intel results after the close in New York beat expectations, adding to a batch of positive U.S. earnings reports. Japan’s Nikkei share gauge jumped before a speech where the nation’s new prime m

Jan-Sep 2025: 22.78m mobile handsets manufactured locally

The local manufacturing and assembling plant s manufactured and assembled 22.78 million mobile handsets during the first nine months (January-September) of the calendar year 2025, compared to 1.5 million imported commercially. Official data revealed that 3.01 million mobile handsets were manufactured or assembled in September 2025. The local manufacturing/ assembling plants manufactured/ ass

Bank Alfalah reports Rs21.44bn PAT for 9M

Bank Alfalah Limited has reported a profit after tax (PAT) of PKR 21.44 billion for the nine-month period ended September 30, 2025, translating into earnings per share (EPS) of PKR 13.59 compared to PKR 21.32 in the same period last year. The Board of Directors announced a third interim cash dividend of PKR 2.50 per share (25 percent), taking the cumulative cash dividend for the year to PKR 7.5

HBL’s 9M’25 PBT soars 31pc to Rs112.2bn YoY

HBL on Thursday declared a record profit before tax of Rs 112.2 billion for the first nine months of 2025, 31 percent higher than in the same period last year. Despite higher tax rates burdening the banking sector, profit after tax increased 19 percent to Rs 51.4 billion. EPS for 9M’25 improved to Rs 34.97 from Rs 30.03 in 9M’24. Along with the results, the bank declared an interim dividend of Rs