News Desk KARACHI: The Government of Pakistan on Wednesday raised Rs114.347 billion through the third auction of its Hybrid Sukuk, marking the second such issuance in the current month, amid strong investor demand for Shariah-compliant instruments. Meezan Bank Limited acted as the Lead Joint Financial Advisor (JFA) for the transaction, playing a key role in structuring and executing the issuance. …

Interest in raw, uncut diamonds is growing as global crises drive more people to seek something authentic and unique, according to the jewelry brand Roughdiamonds.dk, which has tripled its revenue from customers in the United Kingdom and the United States over the past four years. In a jewelry market defined by perfection and synthetic diamonds, the Danish brand Roughdiamonds.dk is …

Spending patterns shifted during Ramadan and peaked around Eid Al-Fitr, with total spending up 10% during the Eid period By Rafiq Vayani KARACHI: Visa, a global leader in digital payments, today released its latest consumer spending insights for the Ramadan and Eid Al-Fitr period in Pakistan, based on the Visa Consulting & Analytics Retail Spend Monitor. During this period, spending …

News Desk DUBAI: RAKBANK today reaffirmed its long-standing commitment to the UAE’s SME sector, announcing a series of measures aimed at strengthening business resilience, maintaining credit flow and enabling growth during a period of heightened global uncertainty. For over five decades, supporting small and medium enterprises has been at the core of RAKBANK’s strategy. Having served more than 250,000 SMEs …

By Rafiq Vayani KARACHI: Mr. Zahid Hameed, Senior Vice President, Korangi Association of Trade and Industry (KATI) and Mr. Muhammad Ikram Rajput, President, KATI held an important meeting with Syed Nehal Hashmi, Governor Sindh to discuss matters related to the business community and industrial development. During the meeting, various issues concerning the Korangi Industrial Area were discussed in detail, with …

By Rafiq Vayani DUBAI/KARACHI: A new chapter begins as Saving Home Empire 4 proudly announces its upcoming project in the heart of the city, developed in collaboration with Saving Home Builders & Ali Empire Builders. Mr. Iqbal Advani, CEO of Saving Home, highlighted the vision behind the project, emphasizing a commitment to trust, innovation, and excellence in every development. With …

News Desk PARIS: Paris has been named Official Host Destination for the World Sustainable Travel & Hospitality Awards 2026, with the Gala Ceremony to take place in the French capital on 9 December 2026 as the culmination of the two-day World Sustainable Hospitality Alliance Summit. The announcement marks a significant strengthening of the strategic partnership between the Awards and the Alliance, bringing together …

By Rafiq Vayani KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a Profit before tax of PKR 11.7 bn in Q1 2026 compared to PKR 17.0 bn last period. Revenue was lower year on year primarily due to sharp reduction in interest rates. The impact of margin compression on revenue was partially offset by a …

Becoming the First Airline in Saudi Arabia to Adopt the Evidence-Based Training (EBT) Program for Pilots RIYADH, SAUDI ARABIA: flynas, the leading low-cost airline in the world and the best LCC in the Middle East, has officially signed an agreement with Airbus to implement both the Evidence-Based Training (EBT) framework and the Airbus MATe Suite, a cutting-edge digital training platform, …

By Rafiq Vayani DUBAI: Mashreq, a leading financial institution in the MENA region, and Cashew, a UAE-based fintech platform, are strengthening their collaboration to co-create an embedded lending framework that brings together regulated banking expertise and digital platform innovation. Leveraging Cashew’s technology infrastructure alongside Mashreq’s regulated lending, credit decisioning, and risk governance capabilities, the framework embeds financing directly at the …