The Government of Pakistan on Wednesday raised Rs114.347 billion through the third auction of its Hybrid Sukuk, marking the second such issuance this month, amid strong investor demand for Shariah-compliant…
Visa announced a significant 80% year-over-year increase in spending on premium consumer cards during Ramadan, peaking around Eid Al-Fitr. Total spending rose by 10% during the Eid period. **Key Insights:**…
S.M. Tanveer, Patron-in-Chief of the United Business Group (UBG) and a leading business figure, has condemned the recent 100-basis-point increase in interest rates, arguing that such a drastic measure is…
President Karachi Chamber of Commerce and Industry (KCCI), Muhammad Rehan Hanif has expressed sheer disappointment and serious concern over State Bank’s decision to increase the key policy rate by 100…
Korangi Association of Trade and Industry (KATI) President Muhammad Ikram Rajput has expressed disappointment over the State Bank of Pakistan’s Monetary Policy Committee decision to raise the policy rate from…
The SITE Association of Industry (SAI) has voiced strong concern over the State Bank of Pakistan’s recent decision to raise the policy rate by 100 basis points to 11.5 percent.…
Saquib Fayyaz Magoon, Senior Vice President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Chairman of the Businessmen Panel-Progressive (BMPP), has condemned the State Bank of…
The Monetary Policy Committee (MPC), in its meeting today, decided to increase the policy rate by 100 bps to 11.50 per cent,t with effect from April 28, 2026. The Committee…
ABHI Microfinance Bank has partnered with Dastak Logistics to launch Merchant Lending Services for small and medium-sized businesses in Pakistan. The signing ceremony featured Muhammad Umer Rauf from ABHI and…
DIB Pakistan and Pocket Money have entered a strategic partnership to enable seamless US Dollar-to-Rupee cashouts across Pakistan, bringing a new level of speed, compliance, and convenience to both cross-border…
NBP has successfully onboarded Sheikh Zayed Hospital, Lahore, for dynamic QR-based patient bill collections, marking another strong step in our ongoing digital payments drive. The arrangement was spearheaded by Mr…
Faysal Bank Limited (FBL) delivered a sound and resilient financial performance in the first quarter of 2026, reporting Profit Before Tax (PBT) of PKR 10.8 billion and net profit of…
The world is negotiating peace amid uncertainty, therefore, at a time like this, we believe policy must continue to lean toward discipline over impulse. We expect the SBP to keep…
President and CEO of BankIslami, Rizwan Ata, highlighted the importance of a strong relationship between the banking and industrial sectors for Pakistan’s economic growth, emphasising the need for enhanced financial…
MCB Bank Limited is pleased to announce its financial results for the quarter ended March 31, 2026, reflecting resilient performance supported by strong fundamentals, disciplined execution, and balance sheet strength…
Meezan Bank has announced that its monthly card spend has surpassed Rs22.5 billion, indicating a notable shift in consumer payment habits and highlighting the growth of Pakistan’s digital payments landscape. This…
Meezan Bank Ltd. (MEBL) announced its 1QCY26 financial results earlier today, wherein the bank posted a profit of PkR23.4bn (EPS: PkR13.0) for the quarter, up 6%YoY/7%QoQ. The result is slightly…
ASA Microfinance Bank (Pakistan) Ltd. has partnered with Turaco Agency Ltd. to provide embedded insurance for microfinance customers. This initiative aims to enhance financial protection for underserved communities by integrating…
Pakistan Credit Rating Agency (PACRA) has reaffirmed its highest insurer financial strength rating for The United Insurance Company of Pakistan Limited, signalling continued confidence in the 66-year-old non-life insurer. In…
Visa Inc. (NYSE: V) has launched Intelligent Commerce Connect, a solution that facilitates AI-powered commerce for businesses, enabling agent builders, merchants, and enablers to participate seamlessly. As consumers increasingly use…
InfraZamin Pakistan, in partnership with Infralectric, DIB Pakistan Limited, Bank Alfalah Limited, and Meezan Bank Limited, announced the launch of Pakistan’s first-ever PKR 3 billion, ‘AAA’ Rated, Green Sukuk for…
According to AHCML Research, Pakistan’s current account (CA) recorded its third consecutive monthly surplus in Mar’26, clocking in at USD 1,070mn, reflecting a sharp 363% MoM increase from USD 231mn in…
Pakistan’s first-ever Sovereign Hybrid Sukuk marks a transformative step in the evolution of the country’s Islamic financial landscape, addressing long-standing structural challenges faced by Islamic banks, particularly the limited availability…
Mega Motor Company (MMC), the official partner of the world’s no.1 NEV brand, BYD, in Pakistan, has entered into a strategic partnership with TPL Insurance, one of Pakistan’s leading general…
AHCML Research has released its report on the UBL Result Review for the first quarter of calendar year 2026 (1QCY26), noting that while capital gains have boosted profits, taxes have…
