A day after witnessing intense selling pressure, buying interest returned at the Pakistan Stock Exchange (PSX) as US President Donald Trump predicted the war in the Middle East could end soon. The benchmark KSE-100 Index gained nearly 8% during the opening hours of trading on Tuesday. At 9:22am, the benchmark index was hovering at 155,783.89, up 9,303.75 points, or 6.35%. Following the incre
The federal government on Tuesday formally kicked off the long-awaited 5G spectrum auction, marking a major step towards the launch of next-generation mobile services and faster digital connectivity in the country. The auction process is being conducted by the Pakistan Telecommunication Authority (PTA), with the first round of bidding scheduled to last 60 minutes. Finance Minister Muhammad A
Asian stocks rallied and oil prices plunged at the start of trading on Tuesday, following a volatile session for markets overnight after U.S. President Donald Trump declared the Middle East war could be “over soon.” MSCI’s broadest index of Asia-Pacific shares outside Japan was up 2.6%, paring losses since the start of the conflict, while Brent crude futures fell as much as 10% to below $90 p
Pakistan’s headline inflation clocked in at 7% on a year-on-year (YoY) basis in February 2026, the highest since October 2024, showed Pakistan Bureau of Statistics (PBS) data on Monday, a reading in line with the Ministry of Finance’s estimate of 6-7%. The consumer price index (CPI) was recorded at 5.8% in January 2026. The CPI stood at 1.5% in February 2025. On month-on-month basis, it incr
Soneri Bank announced that the Baber Market Branch, located in Landhi, Karachi received official certification under the WWF-Pakistan Green Office Programme, marking the Bank’s first certified Green Branch. This recognition reflects Soneri Bank’s strong commitment to environmental responsibility, sustainable operations, and alignment with the State Bank of Pakistan’s Green Banking Guidelines.