Business News
Emirates Group Reports Record AED 24.4 Billion Profit for 2025-26
The Emirates Group has announced record-breaking financial results for the 2025-26 fiscal year, posting its highest-ever profit, revenue, and cash balance despite operational disruptions during the final month of the reporting period. According to the group’s latest annual report, the Emirates Group recorded a profit before tax of AED 24.4 billion (US$ 6.6 billion), reflecting […]
PSO Profit Surges 150% to Rs. 38.1 Billion in 9MFY26
Pakistan State Oil (PSO) has reported a massive jump in profitability for the nine months ending March 31, 2026, showcasing strong financial resilience despite a volatile energy market. The company posted a net profit of Rs. 38.1 billion, marking an impressive 149 percent increase compared to Rs. 15.3 billion in the same period last year. […]
K-Electric Appoints Shaheryar Chishty as Acting Chairman
K-Electric (KE) has announced the appointment of Shaheryar Arshad Chishty as acting chairman in the absence of Mark Skelton, according to a notice submitted to the Pakistan Stock Exchange on Wednesday. The development follows the board’s earlier decision to appoint Shaheryar Chishty as an alternate director to Mark Skelton, a move that became effective immediately […]
PSX Slips Below 185,000 as KSE-100 Suffers Steep 3,700-Point Decline
Pakistan’s stock market faced heavy selling pressure on Friday as the Pakistan Stock Exchange witnessed one of its sharpest single-day declines in recent sessions, pushing the benchmark index below a key psychological level. The KSE-100 Index closed at 184,129 points after plunging 3,702 points, marking a decline of nearly 2 percent. The downturn reflected widespread […]
Bulls Rally Pushes Pakistan Stock Exchange Past 172,000 Milestone
The Pakistan Stock Exchange (PSX) witnessed a strong bullish turnaround on Friday as investor optimism surged, propelling the benchmark KSE-100 Index beyond the historic 172,000-point level. The rally reflected renewed confidence in Pakistan’s economic outlook, supported by positive macroeconomic signals and strong sectoral participation. During intraday trading, the KSE-100 Index climbed sharply by 1,295.19 points […]
Kuwait Keen to Enhance Investment in Pakistan, Focus on Energy and Trade
Kuwait has expressed strong interest in expanding its investment footprint in Pakistan, particularly in the energy, trade, and broader investment sectors, signaling growing confidence in Pakistan’s economic potential. Federal Minister for Petroleum Ali Pervez Malik held a high-level meeting with Kuwait’s Minister of Finance and Chairman of the Kuwait Investment Authority (KIA), Dr. Sabih Al […]
Pakistan, Iran Agree on New Trade and Transport Cooperation
Aleem Khan orders early clearance of Iranian trucks to boost regional trade flow In a significant development for regional connectivity, Pakistan and Iran have agreed to expand cooperation in trade, transport, and logistics, marking a new phase in bilateral economic engagement. The understanding was reached during high-level talks in Islamabad, attended by Pakistan’s Federal Ministers […]