Pakistan has cleared all outstanding deposits owed to the United Arab Emirates (UAE), the State Bank of Pakistan (SBP) announced on Friday, as it repaid $1 billion to the Abu Dhabi Fund for Development. “SBP repaid deposit of $1 billion to Abu Dhabi Fund for Development (ADFD), UAE, on 23 April 2026,” said the central bank. “Deposits of $2.45 billion were repaid last week. This completes the
Faysal Bank Limited (FBL) delivered a sound and resilient financial performance in the first quarter of 2026, reporting Profit Before Tax (PBT) of Rs 10.8 billion and net profit of Rs 5.2 billion, translating into Earnings Per Share (EPS) of Rs 3.40. The Bank also declared an interim cash dividend of Rs 1.5 per share (15 percent), reflecting confidence in its performance and outlook. FBL mainta
Pak Suzuki Motor Company Limited (PSMC) on Thursday announced that it has successfully begun exporting body parts of the Suzuki Cultus to Thailand, marking its first such export to the Thai market. In an official communiqué, the company said it had achieved another significant milestone by exporting body parts to Southeast Asian Nations. This development reflects Pak Suzuki’s growing contrib
MCB Bank Limited is pleased to announce its financial results for the quarter ended March 31, 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 stateme
Nestlé Pakistan net sales for the three-month period ended March 31, 2026, amounted to PKR 54 billion, representing a healthy growth of 7.2 percent, said the results announced at a meeting of the Board of Directors. The sales performance was driven by accelerated investment behind the brands, and targeted trade executions, capitalizing on Ramazan and Eid occasions, the meeting was informed whic