OGDCL Receives Rs. 7.72 Billion Fourth Interest Payment Under Government’s Circular Debt Settlement Plan
Oil & Gas Development Company Limited (OGDCL) has received Rs. 7.72 billion as the fourth interest installment from Power Holding (Private) Limited (PHL) under Pakistan’s circular debt settlement plan, marking continued progress in addressing the financial challenges within the country’s energy sector.
PSX Suffers 2,000-Point Drop as Profit-Taking and Weak Bank Earnings Weigh on Sentiment
The Pakistan Stock Exchange (PSX) experienced a turbulent session on Thursday, with the KSE-100 index plunging nearly 2,000 points due to widespread profit-taking ahead of the futures rollover week and lackluster bank earnings that dampened investor confidence.
Habib Metropolitan Bank Records Rs17.76 Billion Profit in 9MFY25 Despite Cost Pressures and Tax Hike
Habib Metropolitan Bank Limited (PSX: HMB) posted a consolidated profit after tax of Rs17.76 billion for 9MFY25, marking a 9.7% decline year-on-year. Despite rising operating expenses and higher taxation, the bank sustained growth in non-mark-up income, driven by strong gains on securities and higher foreign exchange earnings.
Meezan Bank Posts 11% Decline in Q3CY25 Profit Amid Rising Costs and Lower Income
Meezan Bank Limited, Pakistan’s largest Islamic bank, reported an 11% year-on-year decline in profit after tax for the third quarter of CY25, citing higher operating expenses and lower net returns.
PSX to Host International Capital Market Conference & Expo 2025 in Karachi
The Pakistan Stock Exchange (PSX) is set to host the International Capital Market Conference & Expo 2025 in Karachi, bringing together financial regulators, investors, and fintech leaders to discuss market innovation, growth, and regional integration while showcasing the latest developments in Pakistan’s financial ecosystem.
Soneri Bank Profit Falls 31% to Rs3bn in 9MFY25 Despite Higher Total Income
Soneri Bank Limited reports a 31% decline in profit after tax to Rs3.30 billion in 9MFY25 despite a rise in total income. Higher operating costs and taxation impacted profitability, even as gains on securities and non-mark-up income provided some support.
JazzCash and KTrade Securities Partner to Enable Real-Time Stock Trading Through Mobile Wallets
JazzCash and KTrade Securities partner to launch real-time stock trading within the JazzCash app, allowing users to invest directly in PSX-listed stocks and promoting financial inclusion through digital innovation.
PSX Surges 1.49% as Banking Sector Drives Market Recovery Amid Improved Economic Sentiment
The Pakistan Stock Exchange surged 1.49% as the banking sector led a strong recovery, supported by a current account surplus, rising technology exports, and easing geopolitical tensions, signaling improved investor sentiment.
Engro Fertilizers Reports 21% Profit Decline in 9MFY25 Amid Lower Sales and Higher Finance Costs
Engro Fertilizers Limited reported a 21% decline in profit after tax for 9MFY25, driven by lower sales and rising finance costs, despite improved gross margins and controlled operational expenses.
KSE-100 gains 708 points on IMF progress, easing geopolitical tensions, and market optimism
The KSE-100 index gained 708 points during a volatile trading week, supported by progress on IMF agreements, easing geopolitical tensions, and investor optimism. Analysts expect continued momentum as corporate results season unfolds.