Bankware Global, a South Korean core-banking software and fintech company headquartered in Seoul, has secured a 7.98 billion won (PKR 1.57 billion) contract to build a system and supply software for the Pakistan Post Office Department. Bankware Global shared the development in a notice to the Korean Exchange on Tuesday. “The project contract runs between August 7, 2026, and March 6, 2028, an
The Board of Directors of The Bank of Punjab (BOP), at its meeting held on August 7, 2026, approved a proposal for an equity injection of up to Rs 30 billion by the Government of Punjab through the issuance of ordinary shares, otherwise than by way of a rights issue. The transaction remains subject to all applicable statutory, corporate, shareholder and regulatory approvals. The proposed capita
Gold rose for a third straight session on Tuesday to its highest in more than two months, while investors focused on upcoming inflation data for clues on the US interest-rate outlook. Spot gold climbed 1% to $4,432.74 per ounce by 0217 GMT, hitting its highest level since June 5. U.S. gold futures rose 1.7% to $4,492.60. The move “is being driven by a degree of FOMO (fear of missing out)
Oil prices steadied on Tuesday at more than one-week highs amid fading hopes of a deal between the US and Iran to end their war and reopen the Strait of Hormuz, after President Donald Trump demanded compensation for damage the US has incurred. Brent crude futures were flat at $87.81 a barrel by 0013 GMT, while US West Texas Intermediate crude futures held at $82.20 a barrel. Both benchmar
Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 400 points during the opening minutes of trading on Monday. At 9:50am, the benchmark index was hovering at 181,880.56, up by 450.54 points or 0.25%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs a