News

Pakistan-China deal eyes bigger slice of global footwear trade

Pakistan and China moved to deepen industrial cooperation as Forward Sports and Zhongzi Huaxin Group signed a technical and investment cooperation agreement for the joint production of world-class sports footwear in Pakistan. The agreement is expected to support technology transfer, industrial development, employment generation, and export diversification, positioning Pakistan to capture a larg

Trade, investment, energy and other sectors: Pakistan, Azerbaijan discuss cooperation

Azerbaijan’s outgoing Ambassador to Pakistan, Khazar Farhadov, on Thursday called on Acting Governor Punjab and Speaker of the Punjab Assembly Malik Muhammad Ahmad Khan at the Governor’s House. The meeting focused on bilateral relations between Pakistan and Azerbaijan with detailed discussions on enhancing cooperation in trade, investment, energy, education, tourism, and other areas of mutual i

SBP mandates same-day premium prize bonds’ sale transactions settlement

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 delivers resilient H1’26 performance, declares second interim cash dividend of 90pc

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 Express raises Rs4bn in third Sukuk

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