ISLAMABAD, April 23, 2026 – The Federal Board of Revenue (FBR) has announced a large-scale auction of confiscated vehicles under the Collectorate of Customs (Enforcement), Peshawar, offering a wide range of cars, SUVs, pickups and commercial vehicles to bidders.
(more…)Author: Faisal Shahnawaz
-
PSX shows resilience despite global turmoil from US-Iran conflict: SECP
KARACHI, April 23, 2026 – Pakistan’s equity market demonstrated notable resilience during the third quarter of FY2025-26 despite global financial turbulence triggered by the US-Iran conflict, according to a quarterly review released by the Securities and Exchange Commission of Pakistan (SECP).
(more…) -
Pakistan forex reserves rise to $20.63 billion: SBP
KARACHI, April 23, 2026 – State Bank of Pakistan (SBP) reported a modest increase in the country’s total foreign exchange (forex) reserves, which climbed to $20.63 billion during the week ended April 17, reflecting continued external sector stability despite global uncertainties.
(more…) -
SBP launches crop loan insurance scheme plus (CLIS+) to strengthen farmer protection
KARACHI, April 23, 2026 – The State Bank of Pakistan has launched the Crop Loan Insurance Scheme Plus (CLIS+), an upgraded version of its earlier crop insurance framework, aimed at enhancing financial protection for farmers and strengthening agricultural resilience in Pakistan.
(more…) -
KSE-100 index falls 1.4% as Strait of Hormuz fears trigger market sell-off
KARACHI, April 23, 2026 – The benchmark KSE-100 Index of the Pakistan Stock Exchange declined sharply on Thursday, falling 1.4% as escalating geopolitical tensions surrounding the Strait of Hormuz weighed heavily on investor sentiment.
(more…) -
NCCPL sets April 30 deadline for March capital gains tax payment
KARACHI, April 23, 2026 – National Clearing Company of Pakistan Limited (NCCPL) has announced April 30, 2026 as the deadline for stock brokers and asset management companies to deposit capital gains tax (CGT) for transactions carried out during March.
(more…) -
Meezan Bank profit slightly declines in Q1 2026 as costs rise
KARACHI, April 23, 2026 – Meezan Bank Limited, Pakistan’s largest Islamic bank, reported a marginal decline in profit for the first quarter of calendar year 2026, as higher operating expenses weighed on earnings despite growth in total income.
(more…) -
OGDCL boosts gas output as Jand-1 Well production resumes in Punjab
KARACHI, April 23, 2026 – Oil and Gas Development Company Limited (OGDCL) has successfully revived gas production from the Jand-1 well in Punjab’s Attock district, significantly increasing output and reinforcing efforts to enhance domestic energy supply.
(more…) -
Tesla reports 16% revenue growth in Q1 2026 as profits and deliveries rise
Tesla reported a 16% rise in first-quarter revenue on Wednesday, driven by higher vehicle deliveries, improved margins and expanding global demand, as the electric vehicle maker continued to invest in artificial intelligence and next-generation products.
(more…) -
Bitcoin rallies near $79,000 after Trump extends Iran ceasefire
Bitcoin climbed sharply to near $79,000 on Wednesday after financial markets reacted to U.S. President Donald Trump’s decision to extend the Iran ceasefire, easing geopolitical tensions and boosting risk appetite across global assets.
(more…)