In a bid to stabilise the embattled Iranian rial and bolster its flagging economy, Iran’s Ambassador to Pakistan, Dr Reza Amiri Moghaddam, stated on Thursday that Tehran intends to expand its landmark 25-year oil agreement of USD 400 billion with China. The strategic move aims to diversify Iran’s economic partnerships as the country grapples with the compounded effects of prolonged economic san
Stocks were volatile in early Asian trading on Friday after US President Donald Trump endorsed a bipartisan deal to avert a fresh government shutdown and said he has decided who he will nominate to lead the Federal Reserve. MSCI’s broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses and was recently down 0.2%, extending the previous day’s declines as it hea
Fauji Fertilizer Company Limited (FFC) on Thursday announced its financial results for the fourth quarter of 2025, reporting earnings that came in below industry expectations due to weaker-than-anticipated gross margins. The company posted an unconsolidated quarterly profit of Rs15.9 billion, translating into earnings per share (EPS) of Rs11.20. While profits rose 12% year-on-year, they decline
Deposits of the banking sector recorded a second highest growth of 23.6 percent during the last calendar year (CY25). According to State Bank of Pakistan (SBP) overall, deposits of the commercial banks surged to Rs 37.431 trillion as of December 2025 compared to Rs 30.283 trillion a year earlier in December 2024, showing an increase of Rs 7.15 trillion in a year. Analysts noted that this gro
Raimundas Karoblis, Ambassador of the European Union to Pakistan, calls on Prime Minister Shehbaz Sharif, said a statement issued by the Prime Minister’s Office on Thursday. Talking to the ambassador, the prime minister said Pakistan is committed to working closely with the EU on mutually beneficial trade enhancement initiatives, especially through the GSP Plus. Welcoming the EU Ambassador,