SoFi Stock Drops 13% After Earnings Miss and Platform Revenue Decline
CEO Noto said demand from lending partners remains strong, noting that SoFi is not currently seeing deterioration in private credit performance
April 29, 2026
Business
Global Economy Warned of 2008-Style Risks as Private Credit, AI and Energy Pressures Grow
Despite concerns, regulators emphasise that the core banking system is significantly stronger than it was in 2008, with higher capital reserves and stricter oversight
April 29, 2026
Fuel Shock in Pakistan: Petrol, Diesel Prices Jump by Rs26.77 per Litre
Diesel remains a key revenue-generating fuel for the government, with monthly consumption estimated at 700,000 to 800,000 tonnes, compared to only about 10,000 tonnes of kerosene
April 25, 2026
Pakistan Sets Up High-Level Committee to Build Strategic Petroleum Reserves
Energy experts note that countries with strategic petroleum reserves are better positioned to absorb external shocks, stabilize domestic fuel markets, and ensure continuity of supply during emergencies
April 23, 2026
Govt Orders Probe Into Costly Off-Grid Power Purchases by Discos Amid Electricity Crisis
Power Minister Awais Leghari took notice of the issue after it surfaced during a stock-taking exercise involving distribution companies and the market operator
April 23, 2026
Pakistan, IMF Agree on New Auto Policy With Gradual Tariff Cuts
Adviser to the prime minister on industries Haroon Akhtar Khan said the new auto policy is at an advanced stage and will be submitted to the prime minister and cabinet before being made public
April 22, 2026
Pakistan Plans Additional $250 Million Eurobond as Total Issuance Reaches $1 Billion
The ministry added that Pakistan plans to continue diversifying its borrowing sources, including potential future issuance of Sukuk and other international bonds, as part of its external financing strategy
April 21, 2026
SECP Faces Scrutiny Over Rs1.19bn Salaries, Perks Paid With Retrospective Approval
The episode has reignited debate over compensation practices within autonomous regulators in Pakistan, particularly at a time of fiscal stress and public calls for tighter control over state spending
April 20, 2026