Author: Sana Iqbal

Soneri Bank Limited has announced the appointment of Ahsan Mushahid Siddiqui as its new President and Chief Executive Officer, effective from April 1, 2026, subject to regulatory approval. The decision was approved by the bank’s Board of Directors during its 214th meeting held on January 29, 2026. The appointment was later disclosed in a notice to the Pakistan Stock Exchange. Mr. Siddiqui will take over from Muhtashim Ahmad Ashai, whose contract is scheduled to expire on March 31, 2026. The board acknowledged the services of the outgoing president and CEO and extended best wishes for his future plans. The bank…

The State Bank of Pakistan has decided to keep the policy interest rate unchanged at 10.5 percent. The decision was taken during the Monetary Policy Committee meeting held on January 26, 2025, the central bank announced on Monday. The move comes after the SBP cut the interest rate by 50 basis points in its previous meeting in December 2025. Further details are expected to be shared later.

KARACHI: Gold and silver prices climbed to new record levels on Saturday in both global and local markets, as investors moved toward safe assets amid economic uncertainty. In the international bullion market, gold jumped by 65 dollars per ounce. The increase pushed prices to an all time high of 4,988 dollars per ounce. The global rise had an immediate impact in Pakistan. The price of 24 karat gold increased by Rs6,500 per tola, taking it to a record Rs521,162. Gold priced at 10 grams also moved up sharply, rising by Rs5,573 to Rs446,812. Silver followed the same trend. The per…