Markets

BOP approves up to PKR 30 billion equity injection from Punjab government
Markets

BOP approves up to PKR 30 billion equity injection from Punjab government

Shares to be issued at PKR 38.20 each or market price plus 5%, with capital raise targeted for completion by June 30, 2027

Nishat-led consortium enters race for FESCO acquisition
Markets

Nishat-led consortium enters race for FESCO acquisition

Seven-company group receives qualification documents from Privatisation Commission, but says participation does not yet constitute a binding bid

Tasdeeq IPO books full subscription in record two seconds
Markets

Tasdeeq IPO books full subscription in record two seconds

Strong institutional, foreign fund and HNI demand highlights investor appetite for Pakistan’s regulation-backed credit bureau

Urea sales seen down 4% in July as monsoon rains, high inventories curb demand
Markets

Urea sales seen down 4% in July as monsoon rains, high inventories curb demand

January-July urea sales projected to rise 5% to 3.1 million tons despite monthly decline; industry inventories expected to climb to 930,000 tons

Cement despatches rise 6% in July despite exports plunge 30%
Markets

Cement despatches rise 6% in July despite exports plunge 30%

Domestic sales jump 17.3%, while exports fall to 705,341 tons amid sharp decline from north-based mills

IPAK Group plans European expansion with Portugal subsidiary
Markets

IPAK Group plans European expansion with Portugal subsidiary

The new wholly owned entity will serve as the group’s commercial hub in the European Union, bringing it closer to customers and strengthening its overseas presence

Pakistan’s palm oil imports hit record 3.48 million tonnes in FY26
Markets

Pakistan’s palm oil imports hit record 3.48 million tonnes in FY26

Imports rose 8.3% as edible oil demand climbed and domestic oilseed production weakened, while industry warns new taxes could raise ghee and cooking oil prices

Dow plunges 1,000 points after Fed holds rates
Markets

Dow plunges 1,000 points after Fed holds rates

The blue-chip index has fallen more than 1,000 points nine times in five years, with history showing weaker performance after a week but median gains of nearly 2% after one month and 9.1% after three months

Urea sales surge reshapes fertilizer earnings in second quarter
Markets

Urea sales surge reshapes fertilizer earnings in second quarter

Fatima Fertilizer is expected to post the strongest profit growth, FFC remains resilient and Engro Fertilizers faces a sharp earnings decline in the second quarter

Pakistan stocks fall for third straight week as Middle East tensions, oil prices weigh on sentiment
Markets

Pakistan stocks fall for third straight week as Middle East tensions, oil prices weigh on sentiment

Investors await earnings and a central bank rate decision as the KSE-100 extends weekly losses

K-Electric industrial power consumption hits record 6.08 billion units in FY26
Markets

K-Electric industrial power consumption hits record 6.08 billion units in FY26

Power demand from industries rose 20% as economic growth recovered, with Karachi manufacturers increasing reliance on the grid

Pakistan adds short-term Hybrid Sukuk to revised PKR 625 billion auction plan
Markets

Pakistan adds short-term Hybrid Sukuk to revised PKR 625 billion auction plan

Government introduces three-month and six-month Islamic debt instruments while retaining the cumulative issuance target through mid-September

National Refinery boosts diesel, petrol output ahead of $1.2 billion upgrade
Markets

National Refinery boosts diesel, petrol output ahead of $1.2 billion upgrade

HSD production has risen about 42% and petrol output about 88% since FY22 as the company awaits approval of the refinery policy

Finance minister pushes faster corporate debt market reforms to reduce reliance on bank financing
Markets

Finance minister pushes faster corporate debt market reforms to reduce reliance on bank financing

Government seeks to deepen the corporate debt market through faster bond issuance, digital integration and wider access to financing

Cotton prices jump PKR 500 per maund as heatwave, import disruptions tighten supplies
Markets

Cotton prices jump PKR 500 per maund as heatwave, import disruptions tighten supplies

Prices reach PKR 19,000 per maund in Punjab and PKR 18,800 in Sindh as extreme weather and Gulf conflict pressure Pakistan's cotton market

Pakistan mutual fund assets rise 16% as investors pour PKR 670 billion into funds
Markets

Pakistan mutual fund assets rise 16% as investors pour PKR 670 billion into funds

Equity funds lead growth with nearly 58% annual increase as improving market sentiment boosts long-term investments

SBP endorses HBL-UnionPay-PayPak card to boost digital payments
Markets

SBP endorses HBL-UnionPay-PayPak card to boost digital payments

State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday welcomed the launch of a co-badged debit card by HBL, UnionPay International and PayPak, calling it a significant step toward building a modern, resilient and inclusive digital payments ecosystem aligned with the government’s vision of a cashless Pakistan.

Speaking at the launch ceremony, Ahmad said the co-badged card combines Pakistan’s domestic payment infrastructure with the international acceptance of a global payment network, enabling customers to make seamless transactions both within Pakistan and abroad.

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Pakistan targets nearly $700 million in meat exports by 2028 with sector overhaul
Markets

Pakistan targets nearly $700 million in meat exports by 2028 with sector overhaul

Government launches national transformation strategy and high-level council to modernize livestock, improve disease control and expand access to global markets

Supernet Technologies approves PKR 915 million rights issue to fund expansion after merger
Markets

Supernet Technologies approves PKR 915 million rights issue to fund expansion after merger

Supernet Technologies Limited (STL) has approved a rights issue of approximately PKR 914.8 million to strengthen its capital base, support a growing pipeline of technology projects and position the company for its next phase of growth.

The company's board of directors approved the issuance of 91.48 million ordinary shares at PKR 10 each, equivalent to approximately 85 rights shares for every 100 ordinary shares held by eligible shareholders.

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JazzWorld Acquires TPL Insurance to Expand Digital Insurance Access Across Pakistan
Markets

JazzWorld Acquires TPL Insurance to Expand Digital Insurance Access Across Pakistan

Completion integrates insurance into a digital ecosystem serving over 100 million customers