Business Archives

Business

Saudi Aramco Q1 Profit 2026 Jumps 25% as Hormuz Crisis Pushes Pipeline to Full Capacity

Aramco Made $32.5 Billion, So Why Is the World’s Oil Supply Hanging by a Thread?

Focus Pakistan2026-05-10

DUBAI: Saudi Aramco reported an impressive 25% jump in profits for the quarter, yet the figures represent only part of the story. Behind the seemingly impressive Saudi Aramco Q1 profit 2026 figure of $32.5 billion is an even more ominous situation – a strained global oil logistics system pushed to its breaking point by Iran’s ... Read more

china oil imports decline sharply as Strait of Hormuz closure during Iran conflict cuts crude deliveries to lowest level since July 2022 with sea borne imports at 8.03 million barrels per day

China Oil Imports Decline to Lowest Level by 20% Since July 2022

Focus Pakistan2026-05-10

BEIJING: The crude oil imports by China have declined drastically in April 2026 as a result of the closing down of the Strait of Hormuz due to the conflict between Iran and other nations, which cut off the supply lines from the Middle East, accounting for almost 50% of China’s demand for crude oil. The ... Read more

Pakistan Panda Bond Launch Next Week — Islamabad Raises $250M From China

Pakistan Panda Bond Could Unlock $1 Billion From Chinese Investors

Focus Pakistan2026-05-10

ISLAMABAD: Pakistan is days away from a landmark financial milestone. Finance Minister Muhammad Aurangzeb announced on Saturday that the country will enter Chinese capital markets for the first time through a yuan-denominated Pakistan Panda bond, a move that signals both ambition and urgency as the nation fights to stabilise its economy. “God willing, next week ... Read more

Easypaisa Bank Q1 2026 profit PKR 3.66 billion 4.4x growth 22 million monthly active users Pakistan digital banking

Easypaisa Bank Q1 2026 Profit Surges 4.4x to PKR 3.66 Billion

Focus Pakistan2026-05-09

Easypaisa Bank’s Q1 2026 Profit figures do not look like gradual improvements. They appear to be indicative of a paradigm shift. Easypaisa Bank’s profit figures for Q1 2026 have proven what the market was beginning to think this is an organization operating on a level and speed that conventional Pakistani banks find hard to replicate. ... Read more

Air Link Communication debt disclosure showing over Rs29 billion in short-term borrowings and Sukuk financing

AIRLINK Drowning in Rs. 29B Debt — Six Months, Zero Progress

Focus Pakistan2026-05-08

Air Link Communication debt remains alarmingly high as the company continues depending on billions in short-term borrowings and Sukuk financing. KARACHI: The Pakistan Stock Exchange (PSX) has received a Shariah Compliance Disclosure from Air Link Communication Limited (ALC) regarding its interim financial statements for the six-month period ending December 31, 2025. The disclosure, indicates that ... Read more

PPL Faiz X-1 Deep well starts gas production in Sindh after years of delay

PPL Finally Activates Gas Well After 12 Years of Delays

Focus Pakistan2026-05-08

KARACHI: After a 12-year delay, Pakistan Petroleum Limited (PPL) finally commissions the Faiz X-1 Deep well. Read how a decade of stagnation cost Pakistan’s energy sector. Pakistan Petroleum Limited (PPL) has finally ended a staggering twelve-year period of stagnation On Friday, the petroleum giant made an announcement regarding the commissioning of the Faiz X-1 Deep ... Read more

KSE-100 drops 1615 points or 0.93 percent on Friday as US Iran tensions trigger selling across Pakistan Stock Exchange in automobile cement banking oil and gas sectors

KSE-100 Sheds 1,615 Points as US-Iran War Fears Hit Pakistan Market

Focus Pakistan2026-05-08

ISLAMABAD: New tensions between the US and Iran have brought fresh selling into the Pakistan Stock Exchange, where the KSE-100 index fell by 1,615.58 points or 0.93%. This decline was seen by 9:40 am when the KSE-100 reached 171,278.69, erasing most of its gains seen during earlier sessions that week. The KSE-100 drops on Friday ... Read more

HBL Temenos goes live on core banking platform covering 200 branches 40 million accounts and 20 million daily transactions in Pakistan banking modernisation

HBL Just Admitted Its Old Banking System Could Not Keep Up

Focus Pakistan2026-05-08

GRAND-LANCY, (Switzerland) and COPENHAGEN, (Denmark): The Habib Bank Limited has implemented Temenos Core Banking in its first phase covering a total of 200 branches in Pakistan, and according to the bank, the program is considered one of the biggest banking modernization efforts in the region. The HBL Temenos Core Banking project involves the Conventional and ... Read more

Millat Tractors EV motorcycle feasibility study confirmed at preliminary stage as MTL group company evaluates electric bike production in Pakistan through PSX clarification filing May 2026

Millat Tractors EV Motorcycle Move Is Not What the Market Thinks, Here Is What MTL Actually Said

Focus Pakistan2026-05-08

LAHORE: Millat Tractors Limited took measures to dispel all rumors regarding this issue by issuing a clarification on the Pakistan Stock Exchange, which clarified that a group company was considering the viability of launching an electric motorcycle line in Pakistan but emphasized that its Millat Tractors EV motorcycle feasibility study was still in a preliminary ... Read more

Yango Rides for Business corporate mobility transport service launched in Pakistan with employee transportation solutions and cost savings for companies

Corporate Mobility Redefined:Yango Pakistan Launches Yango Rides for Business

Focus Pakistan2026-05-06

KARACHI: Yango Pakistan, part of the global technology company Yango Group, has launched Yango Rides for Business, a corporate ride service introducing tailored mobility solutions for businesses of all sizes. It is now fully operational in Karachi and Lahore, with Islamabad scheduled to go live soon. Also Read: inDrive Retains #1 Spot as Pakistan’s Top ... Read more