Bitcoin suffered a major sell-off on Saturday, extending its downward slide as escalating geopolitical tensions in the Middle East rattled global financial markets and triggered a broad risk-off sentiment among investors.
(more…)Author: Faisal Shahnawaz
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Pakistan get lifeline, must beat Sri Lanka big to reach T20 WC 2026 semi-finals
Kandy, February 27, 2026 – Pakistan have been handed a crucial lifeline in the ICC Men’s T20 World Cup 2026 after England’s dramatic four-wicket win over New Zealand in Colombo. The Green Shirts now face a must-win clash against co-hosts Sri Lanka on February 28 to secure a spot in the semi-finals.
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New Zealand semi-final hopes hang by a thread after dramatic loss to England
Colombo, February 27, 2026 – New Zealand’s semi-final qualification in the ICC Men’s T20 World Cup 2026 remains in serious doubt after a thrilling four-wicket defeat against England on Friday, a result that has thrown the Super 8 group wide open and shifted attention to the crucial Pakistan vs Sri Lanka encounter.
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SBP Releases Karachi Interbank Offered Rates (KIBOR) – February 27, 2026
Karachi, February 27, 2026 – The State Bank of Pakistan (SBP) has published the daily Karachi Interbank Offered Rates (KIBOR) for Friday, February 27, 2026, to guide banking consumers and financial institutions on short- and long-term lending rates. KIBOR rates serve as a benchmark for loans, deposits, and other financial instruments in Pakistan.
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Rupee gains 3 paisa against US dollar amid Pak-Afghan tensions
Karachi, February 27, 2026 – The Pakistani rupee (PKR) strengthened by three paisa against the US dollar (USD) on Friday, despite ongoing tensions between Pakistan and Afghanistan.
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SBP Releases Today’s Interbank Foreign Exchange Rates – February 27, 2026
Karachi, February 27, 2026 – The State Bank of Pakistan (SBP) has published the daily interbank foreign exchange rates for Friday, February 27, 2026, to guide banking consumers and businesses in foreign currency transactions.
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Indus Motor demands big tax cuts to rev up Pakistan’s auto boom
Karachi, February 27, 2026 – Indus Motor Company Limited has called on the government to ease duty and tax burdens while reducing auto financing rates to support growth in Pakistan’s automobile sector. The request comes ahead of the formulation of the Auto Industry Policy 2026–31, which will replace the existing policy set to expire in June 2026.
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SSGC faces cash crunch as Rs47 billion dues loom from KE and PSML
Karachi, February 27, 2026 – Sui Southern Gas Company Limited (SSGC) announced its financial results for the half-year ended December 31, 2025, revealing Rs47 billion in receivables from K-Electric Limited (KE) and Pakistan Steel Mills Corporate Limited (PSML).
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Wafi Energy pays Rs4.60 billion income tax, reports 4.51% net profit rise in CY25
Karachi, February 27, 2026 – Wafi Energy Pakistan Limited announced its financial results for the year ended December 31, 2025, reporting a net profit increase of 4.51% and the payment of Rs4.60 billion in income tax, marking a 20% rise compared to Rs3.85 billion in 2024.
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Grant Thornton declines full audit review of TPL Trakker half-year results
Karachi, February 27, 2026 – Independent auditors Grant Thornton Anjum Rahma have declined to express a full audit opinion on TPL Trakker Limited’s financial results for the half-year ended December 31, 2025, citing disclosures that do not fully meet quality and professional standards.
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