MCB Bank’s Profit Falls 15.5% in 9MFY25 Amid Lower Interest Income and Rising Costs
MCB Bank reported a 15.5% year-on-year decline in net profit for 9MFY25, driven by lower interest income and rising costs. While non-markup income and associate profits improved, increased expenses and credit loss provisions weighed on overall profitability.
Pakistan to Privatise 82% Stake in First Women Bank as UAE Firm Secures Majority Ownership
Pakistan is set to privatise its 82.64% stake in First Women Bank Limited through a G2G deal with a UAE-based firm, marking a significant step in the country’s privatisation programme aimed at revitalising state-owned institutions and attracting foreign investment.
PSX Shatters Records as KSE-100 Index Crosses 143,000 Points on Strong Investor Confidence
The Pakistan Stock Exchange hits a historic milestone as the KSE-100 Index surpasses 143,000 points amid strong investor confidence, sector-wide gains, and favorable global market cues.