After days of selling pressure, buying returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,400 points during the first half of the trading session on Friday. At 12:03pm, the benchmark index was hovering at 176,926.74, up by 1,378.76 points or 0.79%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fert
Bank Alfalah Limited (BAFL) reported a profit after tax (PAT) of Rs21.32 billion during the half-year ended June 30, 2026, representing an increase of 39.6% compared to Rs15.27 billion recorded in the same period last year. According to the latest financial results, the Board of Directors of BAFL also declared a second interim cash dividend of Rs1.5 per share, i.e., 30%, cumulatively bringing t
The government discussed abolishing Right-of-way (ROW) fees, among other measures, for telecom infrastructure as part of a proposed National Connectivity Plan (NCP) aimed at accelerating fibre-optic network deployment and expanding high-speed internet access, read an official statement on Friday. Federal Minister for Economic Affairs Ahad Cheema chaired a meeting on the NCP, joined by the Minis
The market is rife with speculation that after completing the acquisition of Telenor Pakistan last year, Pakistan Telecommunication Company Limited (PTCL) is now setting its sights on acquiring a known digital wallet, potentially bringing the country’s leading digital financial services platform under the PTCL Group. The speculation intensified after PTCL informed the Pakistan Stock Exchange (P
MG JW Automobile Pakistan on Thursday signed a Memorandum of Understanding (MoU) with Bangladesh’s RANCON Group to export Pakistan-made MG vehicles to Bangladesh. The agreement marks a significant milestone for Pakistan’s automotive industry and reflects the growing international confidence in the country’s manufacturing capabilities. Under the agreement, MG JW Automobile Pakistan will export 1