NBP shares drop ahead of Feb 13 hearing

February 6, 2026 (MLN): Shares of National Bank of Pakistan (PSX: NBP) fell sharply following the announcement that the next hearing of the bank’s long-running pension case has been scheduled for February 13, 2026.

At the time of writing, the scrip was trading at Rs262.89, down 23.53 points, or 8.21% compared to the previous close. During early trading, the stock hit an intraday low of Rs257.77 around 9:43 am.

The case relates to pension payments mandated for retired employees.

On March 20, 2024, the Supreme Court ruled in favour of approximately 11,500 retirees, directing NBP to disburse around Rs60 billion in pension payments. A subsequent review petition filed by the bank was dismissed, upholding the original verdict.

Following the conclusion of the long-standing litigation in June 2024, NBP recognised a one-off charge of Rs49 billion and annual recurring charges of Rs8.5 billion from 2024 onwards, effectively removing a major overhang on the bank’s valuations.

NBP management has consistently maintained that the pension liability, based on updated and fresh actuarial numbers, remains manageable and does not pose a threat to the bank’s financial stability, while enabling continued progress on balance sheet restructuring.

Investors are now closely watching the February 13 hearing for any incremental developments that could influence the bank’s near-term stock performance.

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