Pakistan listed banks profitability increased to record Rs163bn up 95% YoY in 3Q2023. This was primarily driven by significant jump in Net Interest Income (NII) amid high interest rates, and…

At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. The Committee noted that headline inflation rose in September 2023 as expected.…

Addressing a ceremony on "Promoting the use of RMB in Cross-Border Settlement" today, organized by ICBC Bank in the Jinnah Conventional Center Islamabad, Governor SBP Mr. Jameel Ahmad highlighted the…

Faysal Bank Limited (FBL), a leading Islamic bank in Pakistan, has recorded an operating profit of PKR 28 billion, an increase of almost 100% compared to last year. Net profit…

Highlights: Profit before tax of PKR 63.0 billion, up 73 per cent year on year Highest ever revenue of PKR 76.9 billion, growth of 70 per cent year on year…

In honor of World Breast Cancer Day, easypaisa, EFU Life Assurance Ltd., and Roche joined forces to unveil an innovative "Cancer Cover Plan." This pioneering initiative reflects the partners' unwavering…

The total liquid foreign reserves held by the country stood at US$ 12,655.6 million as of 20-Oct-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on October 26, 2023, approved the Bank's financial results for the period ending September 30, 2023. Bank…

BAHL has reported stellar 3QCY23 NPAT of PKR11.4bn (EPS: PKR10.24), more than double YoY and 50% QoQ. The result is much better than our estimated 3Q EPS of PKR7.90/sh, with…

The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on October 25, 2023, reviewed performance of the Bank and approved…

NBP announced earnings (PAT) today for 3QCY23 at PKR 12.3bn (EPS: PKR 5.78), depicting an increase of 76% YoY while down 22% QoQ (3QCY22 EPS: PKR 3.29). While the rise…

HBL reported its 3QCY23 earnings at PKR 16.6bn (EPS: PKR 11.34), showing an impressive 44% YoY and 28% QoQ increase. The YoY earnings' increase was driven by the expansion of…

MCB has posted consolidated 3QCY23 NPAT of PKR19.6bn (EPS: PKR16.57), up 112% YoY and 34% QoQ. This takes 9MCY23 NPAT to PKR48.2bn (EPS: PKR40.70), up 134% YoY. The result is…

Mobilink Bank has signed a strategic partnership with BMA Capital Management Limited, one of Pakistan's oldest and top financial groups, welcoming the company as a 'Brand Ambassador Organization' to help…

PTCL Group, the largest ICT services provider in Pakistan refutes all claims and rumors regarding the financial health of U Microfinance Bank (Ubank) its wholly-owned subsidiary. Ubank is Pakistan's fastest-growing…

In order to facilitate the IT exporters to boost the exports of IT and IT enabled services, SBP has increased the permissible retention limit of IT exporters from 35% to…

The MPC is set to commence its next meeting on October 30, 2023, and we expect the SBP to hold the policy rate at 22% in this meeting. To recall,…

MEBL announced earnings (PAT) today for 3QCY23 at PKR 25.8bn (EPS: PKR 14.42), depicting an increase of 123% YoY | 49% QoQ (3QCY22 EPS: PKR 6.46). This jump in overall…

The total liquid foreign reserves held by the country stood at US$ 12,912.9 million as of 13-Oct-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

U Microfinance Bank is pleased to announce the appointment of Mr. Mohamed Essa Al Taheri as the Acting President & CEO of U Bank. We welcome him onboard! Mr. Al…

Today marks a monumental day for freelancers across Pakistan. SadaPay, the fintech that launched a business account (SadaBiz) tailored for freelancers earlier this year, announces that SadaBiz users will now…

JS Bank, one of the fastest-growing banks in Pakistan, has announced a strategic partnership with Closet, a fashion rental marketplace. The partnership aims to provide reliable and robust financial services…

Mr. Hasanali Abdullah, Vice Chairman - EFU General Insurance Ltd., has received the Lifetime Achievement Award from the Insurance Association of Pakistan (IAP). This prestigious accolade is a testament to…

Daraz, Pakistan's leading e-commerce platform, has entered into a strategic long-term partnership with Meezan Bank, a pioneer in Islamic banking and a powerhouse in the banking industry. This collaboration is…

The flow of remittances from the Pakistani community in Dubai could increase manifolds through banking channels with the support of financial institutions, the dedicated government scheme, and community developers. Innovative…