The Pakistan Stock Exchange (PSX) extended its winning streak on Thursday, with the benchmark KSE-100 Index gaining nearly 1,762 points as broad-based buying persisted across heavyweight sectors, led by commercial banks, oil & gas exploration, cement, fertilizer, and power stocks. Investor sentiment remained upbeat as oil prices declined after reports of progress in talks between Iran and Oman,
Meezan Bank Limited (PSX: MEBL) recorded a 3% increase in its consolidated net profit for the six months ended June 30, 2026, with profit after taxation climbing to Rs48.64bn from Rs47.14bn in the corresponding period last year. Showing this steady bottom-line growth, the bank's basic earnings per share (EPS) expanded to Rs26.71 from Rs25.97 in 1HFY25, while diluted EPS rose to Rs26.54 from Rs2
Due to maturing foreign currency loans, securities, and deposits, Pakistan's foreign currency assets are expected to see a net outflow of $24.28bn, according to the latest liquidity report released by the State Bank of Pakistan (SBP). The total outflow is categorized based on residual maturity, with the most pressing concern being the more than three months up to one-year segment, which account
Pakistan and China moved to deepen industrial cooperation as Forward Sports and Zhongzi Huaxin Group signed a technical and investment cooperation agreement for the joint production of world-class sports footwear in Pakistan. The agreement is expected to support technology transfer, industrial development, employment generation, and export diversification, positioning Pakistan to capture a larg
Azerbaijan’s outgoing Ambassador to Pakistan, Khazar Farhadov, on Thursday called on Acting Governor Punjab and Speaker of the Punjab Assembly Malik Muhammad Ahmad Khan at the Governor’s House. The meeting focused on bilateral relations between Pakistan and Azerbaijan with detailed discussions on enhancing cooperation in trade, investment, energy, education, tourism, and other areas of mutual i