The State Bank of Pakistan (SBP) on Thursday directed banks to settle all Premium Prize Bond (PPB) sale transactions with the SBP Banking Services Corporation (BSC) on the same day, warning that any delay would make them liable to pay charges for the use of funds during the period of delay. The SBP has amended Standard Operating Procedures (SOPs) for issuance of Premium Prize Bonds (PPBs) throu
MCB Bank Limited announced its financial results for the half year ended June 30, 2026, reflecting resilient performance supported by strong fundamentals, disciplined execution, and balance sheet strength amid a challenging macroeconomic environment. The Board of Directors of MCB Bank, under the Chairmanship of Mian Mohammad Mansha, reviewed and approved the Bank’s financial statements for the
Daewoo Pakistan Express Bus Services Limited, one of the country’s leading inter-city transport service providers, has successfully raised Rs4 billion through the issuance of its third short-term Sukuk, with the Shariah-compliant offering drawing subscriptions worth 2.24 times the amount on offer. “We are proud to announce Pak Oman’s continued role in supporting Daewoo Pakistan Express Bus Serv
Wafi Energy Pakistan Limited has expanded its fuel storage infrastructure with the inauguration of a 7.4 million-litre motor gasoline storage tank at its Tarru Jabba terminal in Nowshera, Khyber Pakhtunkhwa, the company said on Wednesday. According to a statement, the new storage facility is aimed at strengthening the company’s fuel storage capacity and improving the reliability of fuel supplie
Gold prices firmed on Friday and were en route to their biggest weekly gain since January, helped by weaker oil prices, while investors awaited key US nonfarm payrolls data for clues on the interest rate outlook. Spot gold was up 0.4% at $4,254.11 per ounce, as of 0156 GMT after hitting a seven-week high in the previous session. Prices were up over 5% for the week. US gold futures gained