United Bank Limited (UBL), acting as Mandated Lead Advisor and Arranger, has successfully arranged Pakistan’s largest short-term, rated, unsecured, privately placed Sukuk, raising Rs 25 billion for Engro Fertilizers Limited. The landmark transaction represents another significant milestone in Pakistan’s Islamic capital markets and reinforces UBL’s position as a leading arranger of innovative Sh
Reinforcing its commitment towards sustainable social development and community empowerment, Soneri Bank has partnered with The Citizens Foundation (TCF) to adopt its Chinoy Campus for one year, further strengthening its role in advancing quality education initiatives across Pakistan. As part of the partnership, a MoU signing and plaque installation ceremony was conducted on 21st May 2026 to co
In a historical development, a Pakistan-based pharmaceutical company has secured the prestigious PIC/S recognition for having matched global quality standards for producing medicines in injection form and eye drops in line with the international benchmarks, claiming to become the first company in the country to receive the international accreditation for its sterile manufacturing facility. The
The US dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil. Oil jumped in early trade after Israel ordered troops to move further i
Gold inched lower on Monday, pressured by a stronger dollar and rising oil prices, as investors awaited U.S. President Donald Trump’s decision on a proposed deal to extend the ceasefire with Iran. Fundamentals Spot gold was down 0.2% at $4,527.36 per ounce, as of 0156 GMT, after rising to a two-week high in the previous session. US gold futures fell 0.8% to $4,558.10. US President Donal