The annual audited financial statements of Soneri Bank Limited for the year ended 31 December 2025 were approved by the shareholders of the Bank in their 34th AGM held in Lahore and through video-link via Zoom on Thursday. The meeting was chaired by Amin A. Feerasta - Chairman of the Board, with Muhtashim Ahmad Ashai - President and Chief Executive Officer and other members of the Board of Dire
Engro Holdings Limited said on Friday that its subsidiary, Engro Corporation Limited, received a non-binding offer from Lotte Chemical to buy about 56.19% shareholding of Engro Polymer & Chemicals Limited (EPCL). The company disclosed in a notice to the Pakistan Stock Exchange (PSX) today. “At its meeting held on March 12, 2026, the Board of Engro Corp considered the offer and authorised the
Oil prices settled up about 9 percent on Thursday, at their highest in nearly four years, as Iran stepped up attacks on oil and transport facilities across the Middle East, and the country’s supreme leader vowed to keep the vital Strait of Hormuz shut. Brent futures settled at USD100.46 a barrel, up USD8.48, or 9.2 percent, after touching a session high of USD101.60. US West Texas Intermediate
The International Monetary Fund (IMF) team and the Pakistani authorities will continue discussions on the third review of the 37-month Extended Fund Facility (EFF) and the second review of 28-month arrangement under the Resilience and Sustainability Facility (RSF) with a view to conclude them in the coming days. The Fund issued end-of-mission statement, which noted that an IMF team, led by Iva
Oil prices dropped on Friday morning after the US issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea, easing supply concerns. Brent futures dropped 71 cents, or 0.71%, to $99.75 a barrel by 0123 GMT, and US West Texas Intermediate (WTI) crude was down 88 cents, or 0.92%, to $94.85. The license was issued in what Treasury Secretary Scott