Selling pressure continued unabated at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 700 points during the opening hours of trading on Thursday. At 9:35am, the benchmark index was hovering at 163,902.49, a decrease of 723.80 points or 0.44%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertilizer, oil and
Oil and Gas Development Company Limited (OGDCL) said on Wednesday it had received Rs7.725 billion from Power Holding (Private) Limited (PHL), its eighth consecutive monthly interest payment under the government’s circular debt settlement plan. The OGDCL disclosed in a notice to the Pakistan Stock Exchange today. The total interest amount of Rs92 billion is to be repaid in twelve equal monthl
The Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Wednesday. At close, the local currency settled at 279.51, registering a gain of Re0.01 against the greenback. On Tuesday, the local currency closed at 279.52, against the dollar, according to the State Bank of Pakistan (SBP). Additionally, an International Monetary Fund (IMF) staff mission will
National Bank of Pakistan (NBP) has declared highest-ever net profit of Rs 85.9 billion with a record 350 percent final cash dividend for the year 2025. The Board of Directors of NBP yesterday approved the audited annual financial statements for the year ended December 31, 2025. Amid strong macro recovery, NBP delivered an exceptional year of financial performance in 2025 as it reported its hig
Asian stocks advanced on Thursday after upbeat earnings from Nvidia soothed concerns over AI-driven disruption and rising costs, while the yen was in the doldrums, bogged down by a murky rate outlook in Japan. Lingering worries about escalating geopolitical tensions between the U.S. and Iran meanwhile kept oil prices elevated, ahead of a third round of talks between the two countries later on T