SpaceX IPO Could Make Elon Musk the World’s First Trillionaire
SpaceX's potential IPO might propel Elon Musk to become the world's first trillionaire, as investors eye the company's high valuation.
Category : Banking Sector
Faysal Bank Wins Global Islamic Finance Innovation Awards 2026
Faysal Bank Limited wins multiple accolades at Global Islamic Finance Innovation Awards 2026, highlighting Pakistan's growing presence in Islamic finance.
FIA Foils Illegal Travel Bid, Arrests Two Agents at Multan
FIA immigration at Multan Airport offloaded two women traveling on forged visas to Eswatini, arrested two agents for facilitating illegal immigration.
TPL and Abhi's Dramatic Banking Turnaround in Pakistan
Discover how TPL and Abhi transformed a struggling bank into a profitable institution, restoring confidence and achieving remarkable growth.
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SECP Introduces Certificate of Statutory Compliance
SECP has notified the introduction of a Certificate of Statutory Compliance (CSC) to verify a company's incorporation, active status, and compliance with filing requirements under the Companies Act, 2017.
Tribunal Upholds CCP Order on Reckitt Benckiser Marketing
The Competition Appellate Tribunal upheld the CCP's finding that Reckitt Benckiser misled consumers about Strepsils, imposing a Rs30 million penalty and corrective measures.
Police recover stolen items of overseas Pakistani in Muzaffargarh
Muzaffargarh police successfully recovered stolen valuables of an overseas Pakistani who returned from Saudi Arabia after three years. The theft occurred when a rickshaw driver fled with his luggage.
Railway Staff Win Allowance Grade Upgrade
Pakistan Railways employees secure a major victory with approval of grade upgrades and special allowances, ending a long-standing demand for better compensation.
FIA Arrests Hawala Operator, Recovers Rs 285 Million
The Federal Investigation Agency (FIA) has arrested a hawala operator and recovered Rs 285 million in a major crackdown against illegal currency exchange.
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KE CEO Assures Site Industrialists on Power Supply
K-Electric CEO assures industrialists at Site area of resolving power supply issues, with plans for infrastructure upgrades and enhanced reliability.
Market Committee Employee Held for Bribery
A market committee employee in Punjab was arrested for taking a bribe of Rs 20,000. The Anti-Corruption Establishment conducted the raid based on a complaint.
Court Orders KE to Pay Rs13.5m Compensation in Electrocution
Sindh High Court orders K-Electric to pay Rs13.5 million compensation to family of electrocution victim, citing negligence.
Pakistan's First Panda Bond to Boost Growth, China Ties
Pakistan launched its inaugural Panda Bond worth 1.75 billion yuan, becoming the first South Asian nation to tap China's onshore bond market, aiming to support inclusive growth and deepen financial cooperation.
Saudi Minister Discusses Industrial Partnership with Pakistan
Saudi Arabia's industry minister held a virtual meeting with Pakistani ministers to strengthen industrial cooperation and expand investment partnerships in key sectors like fertilizers.
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Pakistan Central Bank Expects Record Remittances Above $41B
Pakistan's central bank expects remittances to cross $41 billion in FY26, despite export slowdown, with economic growth projected up to 4.75%.
Syria Appoints Safwat Raslan as Central Bank Governor
Syria appoints Safwat Raslan as central bank governor, replacing Abdelkader Husriyeh who becomes ambassador to Canada. Raslan, a former banker who fled to Germany, returns to lead monetary policy amid reconstruction efforts.
Jollibee in Saudi Arabia: A Filipino Fast-Food Favorite
Jollibee, the Filipino fast-food chain, has been serving juicy chicken and sweet spaghetti in Saudi Arabia since 2008. Despite competition, it remains popular with branches across the kingdom.
SBP gets $1.3bn from IMF under EFF and RSF programs
State Bank of Pakistan receives about $1.3 billion from IMF after completion of third review under Extended Fund Facility and second tranche under Resilience and Sustainability Facility.
Iran War Cost Americans $37.3B in Fuel Price Hikes
A study reveals the Iran war cost US citizens $37.3 billion in increased fuel prices, highlighting economic impacts of military conflict.
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LHC Clarifies Special Courts Jurisdiction for Overseas Pakistanis
Lahore High Court ruling interprets Punjab Special Courts Act broadly, ensuring overseas Pakistanis can access courts for all property disputes, not just ownership cases.
Pakistan Power Consumers Likely to Get Rs1.75 Per Unit Relief
Pakistan's electricity consumers may get a relief of Rs1.75 per unit as Discos seek NEPRA's nod to refund Rs64 billion from quarterly tariff adjustment.
3 Drug Suppliers Arrested, 25 Kg Drugs Recovered
Police in Karachi arrested three drug suppliers and recovered 25 kg of drugs during a raid, dealing a blow to the local narcotics network.
Finance Minister Urges Banks to Boost Cybersecurity
Finance Minister Aurangzeb chairs meeting with banks, emphasizes coordinated efforts to strengthen cyber defenses amid rising AI-driven threats to Pakistan's financial sector.
Hotel One Opens New Property in Gujranwala
Hotel One has launched its new property in Gujranwala, featuring 24 rooms and modern amenities, reinforcing its commitment to affordable hospitality across Pakistan.
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Saudi Economy Grows 2.8% in Q1, Non-Oil Sector Leads
Saudi Arabia's real GDP expanded 2.8% in Q1 2026, led by non-oil activities. IMF forecasts 3.1% growth for 2026 as diversification progresses.
Attaullah Tarar Supports IBA Graduate Azhar Memon
Federal Minister Attaullah Tarar met MBA graduate Azhar Memon, who went viral over financial struggles, and assured him of employment assistance.
Six Injured in Swiss Air Evacuation at Delhi Airport
Six passengers were injured and hospitalized after a Swiss Air flight aborted takeoff due to an engine fire, leading to an emergency evacuation at Delhi's Indira Gandhi International Airport.
Saudi Awwal Bank Posts SR2.1bn Q1 Net Profit
Saudi Awwal Bank (SAB) announces SR2.1 billion net profit for Q1 2026, down 2% YoY, with stable operating income of SR3.6 billion. Retail and corporate banking show growth.
Saudi Banks Post Record Q1 Profits of $6.4 Billion
Saudi Arabia's listed banks posted a record $6.4 billion in Q1 2026 profits, up 7.6% year-on-year, driven by Vision 2030 projects and strong lending growth.
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Pakistan Central Bank Hikes Key Rate to 11.5%
Pakistan's central bank raised the key policy rate by 100 basis points to 11.5%, the first hike in nearly three years, amid rising oil prices and inflation.
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