PSX snaps rally, sheds 976 points

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) ended on a softer note on Thursday, shedding around 975 points to settle slightly above 185,500, as investors booked profits following a strong five-day rally. “During the session, investors opted for profit realisation after the recent robust gains,” said Ali Najib, Deputy Head of Trading […]

Foreign reserves rise $141m to $21.19b

Pakistan’s total liquid foreign currency reserves stood at $21.19 billion as of January 2, 2026, reflecting a modest improvement in the country’s external liquidity position, according to official data. The State Bank of Pakistan (SBP) held $16.06 billion in foreign reserves, while commercial banks collectively maintained net foreign reserves of $5.14 billion, bringing the total […]

Naqvi unveils US, Australia-based owners of new HBL PSL franchises

Interior Minister and Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi on Thursday unveiled the owners of the two newly auctioned HBL Pakistan Super League (PSL) franchises, announcing that the successful bidders are based in the United States and Australia. Addressing a press conference following the bidding ceremony, alongside the US Chargé d’Affaires and the new […]

Pakistani banking stocks top Asia-Pacific rankings

Seven Pakistani banking stocks ranked among the top performers in the Asia-Pacific region in 2025, supported by a combination of low base valuations, improving profitability, a relatively high interest-rate environment, balance-sheet clean-up, and renewed investor confidence in Pakistan’s macroeconomic outlook during the year. Pakistani banking stocks were led by the Bank of Punjab (BOP), the […]

Geopolitical cauldron

If anyone was thinking that global matters were improving in terms of peace or prosperity, it’s time to take the shocker — humanity is creeping down moral decrepitude and extreme political instability, by the minute! The geopolitical cauldron is bubbling with wars, and international laws are been broken every day! The kidnapping of democratically elected, popular […]

Pakistan, Muslim countries ‘strongly condemn’ Israeli FM’s visit to Somaliland as ‘illegal’

The foreign ministers of Pakistan and more than 20 other Muslim-majority countries on Thursday strongly condemned the recent visit by Israel’s foreign minister to the ‘Somaliland’ region of the Federal Republic of Somalia, calling it a clear violation of the country’s sovereignty and territorial integrity, the Foreign Office said. On Dec 26 last year, Israel […]