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Author: Faisal Shahnawaz

Toyota Fortuner

Toyota Pakistan Reduces Prices of Fortuner in Pakistan for Limited Time

April 28, 2026April 28, 2026Faisal Shahnawaz

In a surprising move that has grabbed attention across Pakistan’s auto sector, Toyota Indus Motor Company (IMC) has dramatically reduced the prices of its flagship Toyota Fortuner petrol variants.

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SBP report on banking sector

Banks, PSX to remain closed on May 1 for Labour Day

April 28, 2026April 28, 2026Faisal Shahnawaz

KARACHI, April 28, 2026 – Pakistan’s central bank said on Tuesday that all commercial banks and financial institutions will remain closed on Friday, May 1, in observance of Labour Day, a public holiday marked across the country.

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Pakistan Stocks - APP

PSX plunges 1,100 points as SBP rate hike rattles investors

April 28, 2026April 28, 2026Faisal Shahnawaz

KARACHI, April 28, 2026 – Pakistan’s benchmark stock index fell sharply on Tuesday as investors reacted to an unexpected interest rate hike by the State Bank of Pakistan, dampening risk appetite and triggering broad-based selling across key sectors.

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PSX Logo

PSX to Close on May 1 for Labour Day — Trading Halted Nationwide

April 28, 2026April 28, 2026Faisal Shahnawaz

Karachi, April 28, 2026 – The Pakistan Stock Exchange on Tuesday announced that it will remain closed on Friday, May 1, 2026, in observance of Labour Day, a public holiday declared by the Government of Pakistan.

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Habib Bank Limited

HBL hit with Rs13.7 million penalties in Q1 2026

April 28, 2026April 28, 2026Faisal Shahnawaz

Karachi, April 28, 2026 – Habib Bank Limited reported that it paid monetary penalties of Rs13.7 million during the first quarter of calendar year 2026, reflecting a notable increase compared to Rs11.29 million in the same period last year, according to its financial statement released on Tuesday.

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Bitcoin BTC

Bitcoin slides below $77,000 — weekly losses mount despite strong monthly surge

April 28, 2026April 28, 2026Faisal Shahnawaz

April 28, 2026 — The price of Bitcoin slipped further on Tuesday, falling below the $77,000 mark as short-term selling pressure continued to weigh on the world’s largest cryptocurrency, even as broader monthly gains remained intact.

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KCCI Photo

KCCI slams SBP rate hike, warns of rising business costs and investment slowdown

April 27, 2026April 27, 2026Faisal Shahnawaz

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.

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PCB

PCB opens PSL playoff matches to spectators after PM approval

April 27, 2026April 27, 2026Faisal Shahnawaz

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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coins and money

Bank of Punjab posts 165% profit jump in Q1 2026 on strong income growth

April 27, 2026April 27, 2026Faisal Shahnawaz

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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PSX KSE-100

KSE-100 Index falls 1,175 points as selling pressure hits PSX

April 27, 2026April 27, 2026Faisal Shahnawaz

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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  • FBR collects over Rs518 billion in salary tax, registers 6% decline in 11MFY26
  • New Zealand slip in WTC standings after Lord’s defeat to England
  • FBR to catch retailers through high-value transactions
  • Spain fine-tune World Cup preparations ahead of Peru friendly
  • Karachi faces blazing sunshine as temperature may reach 42°C
  • England defeat New Zealand by 115 runs in Lord’s thriller
  • KTBA advocates major tax relief for NPOs in budget 2026-27
  • Internet disruptions major obstacle in FBR’s e-bilty operations, says KCCI
  • KCCI calls for abolition of FBR’s bank account freezing powers
  • NAB freezes two foreign currency accounts linked to Bahria Town in money laundering case
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