Markets

SECP seeks export records from seven banks in SE Fruits IPO probe
Markets

SECP seeks export records from seven banks in SE Fruits IPO probe

Regulator also asks 30 banks about foreign exchange transactions in accounts held by the company's sponsors and directors

Jazz records 650 Mbps peak speed in PTA network assessment
Markets

Jazz records 650 Mbps peak speed in PTA network assessment

Telecom operator posts strong voice and data performance across Islamabad and Rawalpindi, supported by ongoing network upgrades

Wall Street loses USD 3.2Tn as AI stocks plunge after Democratic midterm sweep
Markets

Wall Street loses USD 3.2Tn as AI stocks plunge after Democratic midterm sweep

Nasdaq 100 tumbles 6.4% as investors fear tighter regulation and a slowdown in spending on AI infrastructure

SECP registers 5,003 companies in October, with IT sector leading
Markets

SECP registers 5,003 companies in October, with IT sector leading

Nearly all new registrations were completed online, bringing Pakistan's total registered companies to 321,794

Pakistan refineries' quarterly profit surges to PKR 57.06 billion
Markets

Pakistan refineries' quarterly profit surges to PKR 57.06 billion

Combined net sales more than doubled as higher refining margins boosted earnings, although companies warned of supply disruptions and potential inventory losses

Air Link launches AirV electric bike brand with 11 models
Markets

Air Link launches AirV electric bike brand with 11 models

The company is entering Pakistan’s electric vehicle market with six series of bikes, offering model-specific ranges of up to 200 kilometres.

HUBCO targets December start for local BYD assembly, Sealion 6 first in line
Markets

HUBCO targets December start for local BYD assembly, Sealion 6 first in line

Company plans to expand its EV charging network to 100 stations while expecting limited disruption from a transformer failure at its coal power plant

Foreign investors buy USD 81.2 million in Pakistan T-bills through October 23
Markets

Foreign investors buy USD 81.2 million in Pakistan T-bills through October 23

UAE leads net treasury bill purchases as foreign inflows into government debt reach approximately USD 274 million during FY27

Pakistan’s first SPAC transaction brings Ningbo Green Light Energy to PSX
Markets

Pakistan’s first SPAC transaction brings Ningbo Green Light Energy to PSX

The solar energy company has joined the Exchange’s Main Board after completing a business combination with LSE SPAC-I, opening a new route for companies to access Pakistan’s capital market

Pakistan refineries demand withdrawal of petrol pricing rule, warn of investment risks
Markets

Pakistan refineries demand withdrawal of petrol pricing rule, warn of investment risks

Refiners say the new mechanism imposes a PKR 49.02-per-liter burden and threatens planned upgrades under the Brownfield Refinery Policy

Fauji Foundation acquires 19.7% stake in Pearl Continental worth PKR 6.55 billion
Markets

Fauji Foundation acquires 19.7% stake in Pearl Continental worth PKR 6.55 billion

The purchase follows disputed share transactions and restructuring negotiations involving Pakistan Services Limited, the owner of Pearl-Continental Hotels

Pakistan's oil sales fall 1% in October despite diesel-led recovery
Markets

Pakistan's oil sales fall 1% in October despite diesel-led recovery

Petroleum sales rose 10% from September as seasonal diesel demand picked up, while Topline Securities linked a surge in furnace oil sales to LNG shortages

Pakistan's listed refineries face PKR 9.4Bn monthly hit under new petrol pricing rule
Markets

Pakistan's listed refineries face PKR 9.4Bn monthly hit under new petrol pricing rule

Petrol remains at PKR 377.91 per liter as the government shifts higher import costs onto domestic refiners, putting their profit margins under pressure

Pakistan raises RLNG prices by up to 15.3%, LPG by PKR 14.73 per kg
Markets

Pakistan raises RLNG prices by up to 15.3%, LPG by PKR 14.73 per kg

October's RLNG increase follows a 20% cut in September, while an 11.8-kg domestic LPG cylinder now costs PKR 3,470.09

World Bank forecasts 23% rise in global commodity prices in 2026
Markets

World Bank forecasts 23% rise in global commodity prices in 2026

Energy prices are expected to jump 32%, while food commodity prices could climb 18% over two years amid conflict and supply disruptions

AdalFi plans PKR 652 million IPO to fund Islamic and small-business lending
Markets

AdalFi plans PKR 652 million IPO to fund Islamic and small-business lending

Lahore-based digital lender, which says it would be the first fintech on the PSX, has facilitated over PKR 110 billion in loans since 2021

Pakistan's listed banks post PKR 505 billion profit, down 1% in nine months
Markets

Pakistan's listed banks post PKR 505 billion profit, down 1% in nine months

Higher non-interest income and lower taxes help cushion earnings as operating costs rise and banks adjust their balance sheets

KSE-100 falls 2.1% in October as oil prices, regional tensions weigh
Markets

KSE-100 falls 2.1% in October as oil prices, regional tensions weigh

Pakistan's benchmark index sheds 3,560 points for a second straight monthly decline as foreign investors pull out USD 48.8 million

Pakistan raises diesel price to PKR 402.96, keeps petrol unchanged
Markets

Pakistan raises diesel price to PKR 402.96, keeps petrol unchanged

Diesel rises PKR 2.29 per liter for October 31–November 2, taking its increase over the past week to PKR 9.30

ABHI Microfinance Bank seeks PKR 2 billion to PKR 3 billion in IPO
Markets

ABHI Microfinance Bank seeks PKR 2 billion to PKR 3 billion in IPO

Bank plans to offer 132 million shares to expand lending and strengthen its capital base, with public subscription scheduled for November 12-13