KARACHI: The Muslim Commercial Bank assured the locker holders on Tuesday that it would compensate those who suffered losses due to a bank robbery on Saturday.

Robbers succeeded to break lockers of the Safe Deposit Vault being run by the MCB Employees Foundation, but the police were not ready to accept it a bank robbery while the bank maintained a silence over the situation.

“MCB and its foundation deeply regret the unfortunate incident of dacoity at the Safe Deposit Vault in the Soldier Bazaar, Karachi, involving 52 lockers last Saturday night,” said a press release issued by the bank.

The bank accepted and owned the responsibility through the press release.

“This act of vandalism affected us and our valued customers,” said the MCB press release.

“It is matter of deep anguish and concern for us,” it said. “As part of our continuing commitment to serving our valued customers, we are undertaking all possible efforts to compensate the affected locker-holders as provided under the law,” said the MCB.

However, it did not give further explanation what compensation locker-holders would get under the law.

“A special desk has been set up at the Safe Deposit Vault premises at Soldier Bazar Karachi to support and respond to queries,” the bank said.

The press release also provided phone numbers (021-32257540-32240271) for assistance for compensation.

There is a general impression that bank lockers are not safe in Karachi as breaking of lockers takes place frequently in the city.

Opinion

Editorial

Delicate balance
Updated 13 Mar, 2026

Delicate balance

PAKISTAN has to maintain a delicate balance where the geopolitics of the US-Israeli aggression against Iran are...
Soaring costs
13 Mar, 2026

Soaring costs

FOR millions of households already grappling with Ramazan inflation, the sharp increase in petrol and diesel prices...
Perilous lines
13 Mar, 2026

Perilous lines

THE law minister’s veiled warning to the media to “exercise caution” and not cross “red lines” while...
Collective security
Updated 12 Mar, 2026

Collective security

Regional states need to sit down and talk. They must also pledge and work towards collective security.
Spectrum leap
12 Mar, 2026

Spectrum leap

THE sale of 480 MHz of fifth-generation telecom spectrum for $507m is a major milestone in Pakistan’s digital...
Toxic fallout
12 Mar, 2026

Toxic fallout

WARS can leave environmental scars that remain long after the fighting is over. The strikes on Iran’s oil...