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 pertains to pension payments mandated for retired employees.

On March 20, 2024, the Supreme Court ruled in favour of 11,500 retirees, ordering NBP to disburse Rs60 billion in pensions within a month. The bank had challenged this decision through a review petition, which, after six years of litigation, was dismissed by the Supreme Court, upholding the original ruling.

Despite the potential financial impact, NBP management has previously indicated that the pension liability would not jeopardize the bank’s financial health.

Adjusting for the Rs60 billion, the bank’s Capital Adequacy Ratio (CAR) is expected to remain around 19%, comfortably above the regulatory minimum of 14%. As of 2023, NBP’s CAR stood at 25.5%.

Investors are now closely watching the upcoming hearing on February 13 for incremental decisions that could influence the bank’s short-term stock performance.

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