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…)Author: Faisal Shahnawaz
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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.
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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.
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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.
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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.
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Hyderabad Kingsmen chase 214 to beat Multan Sultans in PSL run-fest
KARACHI, April 22, 2026 — Hyderabad Kingsmen pulled off a thrilling four-wicket victory over Multan Sultans in a high-scoring encounter of the Pakistan Super League (PSL) Season 11 at the National Bank Stadium on Wednesday, powered by a blistering century from Usman Khan.
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SECP approves IPOs of Sitara Petroleum and LSE SPAC-I, boosting PSX activity
Islamabad, April 22, 2026 – The Securities and Exchange Commission of Pakistan (SECP) has approved two new Initial Public Offerings (IPOs), signaling continued momentum in Pakistan’s capital markets despite global and regional uncertainties.
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PM Shehbaz orders faster EV adoption to cut Pakistan’s fuel import bill
Islamabad, April 22, 2026 – Prime Minister Shehbaz Sharif on Wednesday directed authorities to accelerate the promotion of electric vehicles (EVs) across Pakistan, emphasizing that a rapid shift toward clean transportation is essential to reduce fuel import costs and enhance long-term energy security.
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Pakistan rupee gains against US dollar on strong foreign inflows
Karachi, April 22, 2026 – The Pakistani rupee posted a modest gain against the US dollar on Wednesday, supported by strong foreign inflows and improved market sentiment, according to data released by the State Bank of Pakistan.
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SNGPL clarifies disputed tax demand, says no financial impact
KARACHI, April 22, 2026 – Sui Northern Gas Pipelines Limited (SNGPL) on Wednesday clarified a disputed tax demand raised by authorities, stating that the matter is historical in nature and has no impact on the company’s current or future financial position.
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