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Author: Faisal Shahnawaz

Pakistan Stocks - APP

KSE-100 index falls 1.4% as Strait of Hormuz fears trigger market sell-off

April 23, 2026April 23, 2026Faisal Shahnawaz

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.

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capital gain tax

NCCPL sets April 30 deadline for March capital gains tax payment

April 23, 2026April 23, 2026Faisal Shahnawaz

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.

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Meezan Bank Limited

Meezan Bank profit slightly declines in Q1 2026 as costs rise

April 23, 2026April 23, 2026Faisal Shahnawaz

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 gas

OGDCL boosts gas output as Jand-1 Well production resumes in Punjab

April 23, 2026April 23, 2026Faisal Shahnawaz

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 logo

Tesla reports 16% revenue growth in Q1 2026 as profits and deliveries rise

April 23, 2026April 23, 2026Faisal Shahnawaz

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 BTC

Bitcoin rallies near $79,000 after Trump extends Iran ceasefire

April 23, 2026April 23, 2026Faisal Shahnawaz

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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Pakistan Super League

Hyderabad Kingsmen chase 214 to beat Multan Sultans in PSL run-fest

April 22, 2026April 22, 2026Faisal Shahnawaz

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 Annual Report

SECP approves IPOs of Sitara Petroleum and LSE SPAC-I, boosting PSX activity

April 22, 2026April 22, 2026Faisal Shahnawaz

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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electric mini van

PM Shehbaz orders faster EV adoption to cut Pakistan’s fuel import bill

April 22, 2026April 22, 2026Faisal Shahnawaz

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

Pakistan rupee gains against US dollar on strong foreign inflows

April 22, 2026April 22, 2026Faisal Shahnawaz

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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