KARACHI, April 27– The Karachi Chamber of Commerce and Industry (KCCI) on Monday sharply criticized the State Bank of Pakistan (SBP) for raising the benchmark policy rate by 100 basis points to 11.5%, warning that the move could hurt business activity and economic growth.
(more…)Author: Faisal Shahnawaz
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PCB opens PSL playoff matches to spectators after PM approval
KARACHI, April 27 – The Pakistan Cricket Board (PCB) on Monday announced that spectators will be allowed to attend all three playoff matches of the ongoing Pakistan Super League (PSL) season 11, following approval from Prime Minister Shehbaz Sharif.
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Bank of Punjab posts 165% profit jump in Q1 2026 on strong income growth
KARACHI, April 27 – The Bank of Punjab (BOP) reported a sharp 165% increase in after-tax profit for the first quarter of calendar year 2026, driven by strong growth in core income streams and higher non-markup earnings, according to financial results submitted to the Pakistan Stock Exchange (PSX) on Monday.
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KSE-100 Index falls 1,175 points as selling pressure hits PSX
KARACHI, April 27 – The Pakistan Stock Exchange (PSX) witnessed a sharp sell-off on Monday, with the benchmark KSE-100 index dropping 1,174.69 points, or 0.69%, to close at 169,497.35, as investors booked profits amid macroeconomic uncertainty and caution ahead of monetary policy developments.
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Middle East tensions cloud Pakistan auto outlook, says Indus Motor
KARACHI, April 27 — Indus Motor Company on Monday warned that escalating geopolitical tensions in the Middle East are weighing on Pakistan’s auto industry outlook, despite signs of recovery in the broader economy and vehicle demand.
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Shanto to captain Bangladesh as Pakistan Test series squad named
DHAKA, April 27 — Bangladesh national cricket team have named Najmul Hossain Shanto as captain of their 15-member squad for the first Test against Pakistan national cricket team, scheduled to begin on May 8 at the Sher-e-Bangla National Cricket Stadium in Dhaka.
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Indus Motor boosts localization push with Rs5.1bn investment
KARACHI, April 27 — Indus Motor Company said on Monday it has increased its investment in a vehicle localization project to Rs5.1 billion ($18.3 million), aiming to reduce reliance on imports and strengthen Pakistan’s domestic auto industry.
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Bitcoin slips on April 27 but posts strong monthly gains
The price of Bitcoin edged lower against the U.S. dollar on Monday, April 27, 2026, reflecting mild profit-taking after recent gains, while still maintaining a strong upward trend over the past month.
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Hyderabad Kingsmen crush Rawalpindiz to secure PSL playoff berth
KARACHI — The Hyderabad Kingsmen surged into the Pakistan Super League (PSL) playoffs on Sunday, delivering a clinical 108-run demolition of the Rawalpindiz at the National Bank Stadium to secure their post-season future in dramatic fashion.
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Pakistan name women’s ODI squad for Zimbabwe series ahead of World Cup
KARACHI, April 26, 2026 – Pakistan have named a 15-member squad for their upcoming One-Day International (ODI) series against Zimbabwe, set to begin in early May, as preparations intensify for the ICC Women’s T20 World Cup in June.
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