Sitara Petroleum Service Limited plans to expand its retail network to over 100 fuel stations within the next two years, aiming to strengthen its presence along high-growth corridors, with the expansion to be financed through an estimated Rs 4.8 billion to be raised via an Initial Public Offering (IPO). Sitara Petroleum has recently announced its IPO, seeking to raise up to Rs4.8 billion to fin
Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a Profit Before Tax of PKR 11.7 billion in Q1 2026 compared to PKR 17.0 billion last period. Revenue was lower year on year primarily due to sharp reduction in interest rates. The impact of margin compression on revenue was partially offset by a decrease in cost of funds. Total expenses declined
Following the Middle East (ME) crisis, Pakistan’s Karachi Port has set a new record by handling 111,300 twenty-foot equivalent units (TEUs) in a single month. The port achieved this milestone recently by maintaining strong cargo operations. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced this here on Wednesday, saying that to meet the challenges, the ministry, in
Oil prices surged over 6 percent on Wednesday to settle at their highest in weeks, as deadlocked US-Iran negotiations made investors more concerned about prolonged disruptions to Middle Eastern supply. US government data showed a bigger weekly draw in crude and fuel inventories than expected, which also put upward pressure on oil prices. Brent crude futures for June rose for the eighth conse
The dollar hovered near its highest in more than two weeks on Thursday after some Federal Reserve policymakers turned hawkish, sending yields to a one-month top, while the Japanese yen’s break above 160 sharpened focus on intervention risks. Fed Chair Jerome Powell closed out his eight years with rates on hold amid rising inflation concerns. The Fed’s 8–4 decision to leave the rate unchanged