The State Bank of Pakistan (SBP) said on Tuesday it received funds of $1 billion from the Ministry of Finance, Kingdom of Saudi Arabia. “This is the second tranche of the $3 billion deposit recently agreed by the Kingdom of Saudi Arabia,” said the central bank. The first tranche of $2 billion was received on 15th April 2026, it added.Last week, Finance Minister Muhammad Aurangzeb informed th
Rising geopolitical tensions took their toll on investor sentiments at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 shedding nearly 3,300 points during the opening minutes of trading on Monday. At 9:35am, the benchmark index was hovering at 170,646.01, down by 3,293.00 points or 1.89%. Selling pressure was observed in key sectors, including cement, commercial banks, fertilis
The war in the Middle East is likely to widen economic differences across Latin America and the Caribbean, giving some short-term support to oil exporters while worsening the outlook for tourism-reliant Caribbean economies and energy-importing countries in Central America, the IMF said on Friday. The warning, issued in a blog post, follows the release earlier this week of the global lender’s up
HBL declared a consolidated profit before tax of Rs 33.7 billion, and a profit after tax of Rs 16.2 billion for the quarter ended March 31, 2026. EPS for Q1’26 was Rs 11.0. Along with the results, the Bank declared an interim dividend of Rs 6.00 per share for the quarter. HBL’s balance sheet increased to Rs 8.1 trillion, with domestic deposits closing at Rs 4.6 trillion and total deposits at Rs
Pakistan’s business community has called for stronger regional trade integration among South Asian nations, noting that intra-regional trade within SAARC countries remains limited to just 5 percent despite vast potential. Rafique Suleman, spokesperson for the Businessmen Panel (BMP) South and former Chairman Rice Exporters Association of Pakistan (REAP) has congratulated the leadership of SAARC