Banking

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DAILY PRIZE BOND SETTLEMENTS

Banking1 min read

SBP Orders Daily Settlement for Prize Bond Sales

AI summaryThe State Bank of Pakistan has directed commercial banks across the country to clear and settle all prize bond transactions on a daily basis. The regulatory measure is designed to remove administrative delays and enhance cash-flow tracking within the banking network.

By Tony

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MCB PROFITS HIT RS28.1B

Banking1 min read

MCB Bank Half-Year Profit Reaches Rs28.1 Billion

AI summaryMCB Bank Ltd posted a consolidated net profit of Rs28.1 billion for the half-year ending June 30, supported by steady growth in net interest earnings. The financial institution's board approved an interim dividend of Rs9 per share, pushing cumulative payouts for the cycle to Rs18 per share.

By Tony

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