Karachi, April 29, 2026 — The benchmark KSE-100 Index witnessed a sharp decline on Wednesday, as the market came under heavy selling pressure due to disappointing corporate earnings and institutional offloading.
(more…)Author: Faisal Shahnawaz
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National Bank of Pakistan Reports 26% YoY Decline in Earnings for Q1 2026
Karachi, April 29, 2026 — National Bank of Pakistan (NBP) reported a 26% year-on-year (YoY) decline in earnings for the first quarter ended March 31, 2026, as lower income weighed on profitability.
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Bitcoin falls year-on-year despite strong monthly gains
April 29, 2026 — The price of Bitcoin showed mixed performance against the US dollar on Wednesday, reflecting a short-term recovery but continued pressure over the longer term.
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SBP sets 15-day deadline for housing loan approvals under Apna Ghar scheme
KARACHI, April 28, 2026 — The State Bank of Pakistan (SBP) has introduced new guidelines to accelerate housing loan approvals, directing banks and financial institutions to process applications within a maximum of 15 working days under the government-backed Apna Ghar housing initiative.
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Babar Azam’s century powers Peshawar Zalmi into PSL 11 final
KARACHI, April 28, 2026 — Peshawar Zalmi stormed into the final of the Pakistan Super League (PSL 11) after defeating Islamabad United by a commanding 70 runs at National Bank Stadium on Tuesday.
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Pakistan’s private sector credit boom skips manufacturing, warns ICMAP
KARACHI, April 28, 2026 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has flagged significant imbalances in the distribution of private sector credit in Pakistan, warning that uneven lending patterns are undermining industrial growth and long-term economic stability.
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Exchange companies line up for crypto licenses in Pakistan amid policy shift
KARACHI, April 28, 2026 — Pakistan is moving closer to formalizing cryptocurrency trading as exchange companies have approached regulators to obtain licenses, signaling a potential shift toward mainstream adoption of digital assets in the country.
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Toyota Pakistan Reduces Prices of Fortuner in Pakistan for Limited Time
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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Banks, PSX to remain closed on May 1 for Labour Day
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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PSX plunges 1,100 points as SBP rate hike rattles investors
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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