Bitcoin surged close to the $75,000 level on Wednesday, extending recent gains as investors reacted to renewed optimism over potential peace talks between the United States and Iran, which improved broader risk sentiment across global markets.
(more…)Author: Faisal Shahnawaz
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UBL says GCC exposure contained despite Middle East tensions
KARACHI, April 16, 2026 — United Bank Limited (UBL) said on Wednesday that its exposure to the Gulf Cooperation Council (GCC) region remains limited and well-secured, even as geopolitical tensions in the Middle East continue to create uncertainty in global financial markets.
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Babar Azam leads Peshawar Zalmi to dominant win over Quetta Gladiators
KARACHI, April 15, 2026 — A clinical all-round performance, highlighted by a disciplined bowling effort and an unbeaten half-century from captain Babar Azam, powered Peshawar Zalmi to a convincing eight-wicket victory over Quetta Gladiators in the 23rd match of Pakistan Super League (PSL) 11 at Karachi’s National Bank Stadium on Wednesday.
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Pakistan stocks surge as KSE-100 rallies on US-Iran peace optimism
KARACHI, April 15, 2026 — Pakistan’s benchmark KSE-100 index extended its bullish momentum on Wednesday, closing at a record high as investor sentiment strengthened amid optimism over potential peace talks between the United States and Iran.
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Bank deposits in Pakistan hit record Rs37.51 trillion: SBP
KARACHI, April 15, 2026 – Bank deposits in Pakistan surged to an all-time high of Rs37.51 trillion by the end of March 2026, according to data released by the State Bank of Pakistan (SBP) on Wednesday, reflecting continued growth in the country’s banking sector despite monetary easing.
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UBL posts 38% profit growth in Q1 2026, declares Rs8 dividend
KARACHI, April 15, 2026 — United Bank Limited (UBL) on Wednesday reported a strong 38% year-on-year increase in after-tax profit for the first quarter ended March 31, 2026, supported by robust income growth and gains on securities, according to a filing with the Pakistan Stock Exchange (PSX).
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Alibaba unit KOKO Tech gets BNPL license in Pakistan, SECP says
ISLAMABAD, April 14, 2026 — Pakistan’s corporate regulator has granted a license to KOKO Tech Pakistan (Private) Limited, a unit backed by Alibaba Group, to operate a Buy Now Pay Later (BNPL) business in the country, the regulator said on Tuesday.
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Pakistan weighs incentives to boost EV parts manufacturing
ISLAMABAD, April 14, 2026 — Pakistan is considering introducing special incentives to promote local manufacturing of electric vehicle (EV) components as part of its upcoming auto policy, officials said on Tuesday.
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Sanju Samson named ICC Men’s Player of the Month for March 2026
India batter Sanju Samson has been named the ICC Men’s Player of the Month for March 2026 following a match-winning run in the ICC Men’s T20 World Cup 2026, the International Cricket Council said on Tuesday.
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KSE-100 index stages emphatic rebound, gains over 5,000 points
KARACHI, April 14, 2026 — Pakistan equities staged a sharp rebound on Tuesday, with the benchmark KSE-100 index gaining more than 5,000 points as investor sentiment improved on easing global tensions and falling crude oil prices.
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