Beyond The Time News

Axis Bank Misses Profit Estimates as Trading Income Falls, Approves $2.1 Billion Fundraise

India’s Axis Bank reported weaker-than-expected quarterly earnings after a sharp drop in trading income, even as it approved a major capital-raising plan worth about $2.12 billion. According to Beyond Time News, the bank’s board cleared a fundraising proposal of up to 200 billion rupees through equity shares or similar instruments, pending regulatory approval. Profit Declines…

PSX Falls 2% as Geopolitical Tensions and Energy Crisis Weigh on Market

The Pakistan Stock Exchange (PSX) remained under pressure during the week, with the benchmark KSE-100 index falling over 3,200 points amid rising geopolitical uncertainty, energy shortages, and concerns over IMF conditions. According to Beyond Time News, the market experienced sharp fluctuations throughout the week before closing at 170,672, marking a decline of around 2%. Weekly…

Pakistan Explores Trade Bloc with Iran and Oman to Boost Gwadar’s Regional Role

Pakistan is considering a new regional trade partnership with Iran and Oman that could significantly enhance connectivity and turn Gwadar Port into a major re-export hub in the region. According to Beyond Time News, the proposed initiative aims to strengthen regional trade ties and improve economic cooperation between the three countries. Officials believe this bloc…