Pakistan business and market news
Short, original briefs on Pakistan's stock market, companies and economy. Each one is written in our own words from public reports and checked against our own market data. Newest first.
Service Long March Tyres posts 23.09% rise in profitProfit at Service Long March Tyres rose to Rs3.69bn in the three months to September from Rs3.00bn a year earlier.
Fast Cables shareholders approve Rs747.763m of IPO funds for working capitalShareholders approved using surplus proceeds from Fast Cables Ltd.'s initial public offering to meet the company's working capital needs.
Askari Bank posts 13% rise in nine-month profitConsolidated net profit for the nine months to September reached Rs20.49bn, against Rs18.20bn a year earlier, as the shares closed lower on the day.
HBL profit rises to Rs54.11bn over nine monthsThe bank's consolidated net profit grew 5% year on year, while its shares closed at 292.27 rupees, down 3.59% over the past month.
Al-Ghazi Tractors swings to Rs1.658bn profit as revenue climbsAGTL's nine-month result reverses a Rs270 million loss a year earlier, with the company's shares closing at 360.89 rupees on 21 October 2026.
HUBC joint venture unit forced offline by transformer faultChina Power Hub Generation Company Limited has taken Unit 1 out of service after its main transformer failed, with work needed before the unit can generate again.
Searle posts Rs1.20bn profit for first quarter of FY27The pharmaceutical company's consolidated profit climbed 30.77% from a year earlier, while its shares closed at 77.40 rupees on 21 October 2026.
Rafhan Maize profit rises 11% in first nine monthsRMPL's net profit reached Rs5.66bn for the nine months to September, while the shares closed at 8,510.00 rupees, down 5.44% over the past month.
McCormick seeks majority stake in Unilever Pakistan FoodsThe US spice maker plans to take control of the listed food company through a wider global transaction, with UPFL shares closing near the middle of their 52-week band.
Pakistan Oilfields posts 51 percent profit rise in first quarterPOL shares closed lower on the day and have slipped over the past month, even as the company opened FY27 with stronger profitability.
Bank of Punjab leads structuring of Islamic facility for NovacareThe financial close covers a Rs 17 billion syndicated Islamic project finance facility, with BOP shares last closing at 28.53 rupees.
Diesel and petrol prices lowered by energy ministryHigh-Speed Diesel falls by Rs7.69 a litre and Motor Spirit by Rs5.16, with the revised ex-depot rates taking effect on October 20, 2026.
KSE-100 falls 454 points as direction proves elusiveThe benchmark closed at 165,966, and our end-of-day data show it down 2.88% over the past month and 4.65% since the start of the year.
Sui Southern Gas sets out Sindh village network spendingThe utility's plan covers 46 villages and towns in two Sindh districts, with 178.52 kilometres of pipeline and 2,710 prospective consumers.
AKD Securities takes retail broker honour at Euromoney 2026The listed brokerage was recognised in the retail broker category of the Euromoney Markets Awards 2026, with its shares closing lower in the latest session.
Ghani Chemworld keeps local sales going as output stopsThe company says it has enough stock on hand to serve domestic buyers while production is suspended and trade flows are disrupted.
Briefs are written by StocksXray from public headlines and our own market data@if (config('news.country_attribution')); each one names the report it is based on and links to it@endif. Educational only, not financial advice.