Azerbaijan’s state energy company SOCAR is ready to supply liquefied natural gas to Pakistan as soon as it receives a request from Islamabad, the company told Reuters on Tuesday, as Pakistan seeks spot cargoes to ease a growing energy shortfall. SOCAR said a framework agreement signed in 2025 between SOCAR Trading and Pakistan LNG allows the Pakistani buyer to purchase LNG cargoes directly unde
Wahdat Poultry Farm Limited’s share price surged by the maximum allowed increase of 50%, hitting upper limit of Rs18 per share on the first of two-day Dutch bidding (book building) process at the Pakistan Stock Exchange (PSX) on Tuesday, according to lead manager of the issue of the shares Topline Securities. The bidding had opened at the minimum (floor) offered price of Rs12 per share. The boo
The United Insurance Company of Pakistan Limited (the Company) has reaffirmed its Insurer Financial Strength (IFS) rating of AA+ by the Pakistan Credit Rating Agency (PACRA). This rating reflects the Company’s well-established presence within Pakistan’s non-life insurance sector, underpinned by resilient business fundamentals and a consistent operating track record. United Insurance, a flags
The Pakistan Telecommunication Company Limited (PTCL) Group has achieved a net profit of Rs3.1 billion during January-March 2026, and the company announced to formally launch the 5G services from next month. CEO, PTCL and Ufone, Hatem Bamatraf, while announcing the Q1 2026 financial results, said that the revenues of the PTCL group increased by 58 percent during Jan-March 2026 compared to the s
Shipping traffic through the Strait of Hormuz remained broadly halted on Tuesday with only three ships passing the waterway in the past 24 hours, shipping data showed. A US blockade of Iranian ports has infuriated Tehran, prompting it to maintain its own restrictions on the strait, which had been typically handling roughly one-fifth of the world’s oil and liquefied natural gas supply. The Ean S