easypaisa digital bank reports PBT of Rs. 3.64 billion for H1 2025
The Board of Directors of easypaisa digital bank approved the financial statements for the half year ended June 30, 2025. The Bank reported a profit before tax of PKR 3.64 billion,…
BAFL is the second largest player in remittances
Topline Securities organized the Pakistan Day Conference 2025. The conference started with a session on Bank Alfalah (BAFL), where the senior management of the bank briefed participants on the recent…
JS Bank posts PBT of PKR 3.488 Billion for 1H 2025
JS Bank Limited, one of the fastest-growing banks in Pakistan, announced its financial results for the half-year ended June 30, 2025. The Bank maintained stable overall income growth, with total…
Mobilink Bank, has successfully upgraded its core banking system
Pakistan's leading digital microfinance bank, Mobilink Bank, has successfully upgraded its core banking system by transitioning from Temenos’ R17 to the R23 release of Temenos’ cloud-native core banking platform. The upgrade…
PAYO has partnered with Stripe to enhance its Online Checkout services
Payoneer (NASDAQ: PAYO) has partnered with Stripe to enhance its Online Checkout services for cross-border merchants. This collaboration will first launch in key Asia Pacific (APAC) markets, including Pakistan, Vietnam,…
SBP reserves increased by US$ 13 million
The total liquid foreign reserves held by the country stood at US$ 19,570.8 million as of 15-Aug-2025. The break-up of the foreign reserves position is as follows: Foreign reserves held…
MEBL reported a profit of PKR 46.2 billion (EPS: PKR 25.7)
AKD Research has analyzed Meezan Bank Limited’s (MEBL) performance for 1HCY25 during an analyst briefing. Key highlights include: 1. MEBL reported a profit of PKR 46.2 billion (EPS: PKR 25.7),…
Governor SBP highlights capital market development as vital for sustainable economic growth
Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, underscored the importance of well-developed, deep and diversified capital markets to complement the banking sector and support long-term, sustainable economic growth.…
SBP reserves increased by US$11 million
The total liquid foreign reserves held by the country stood at US$19,496.7 million as of 08-Aug-2025. The break-up of the foreign reserves position is as follows: Foreign reserves held by…
Pakistan’s first fully digital insurance journey has been launched
JazzCash, Pakistan’s leading digital wallet, and EFU Life, one of the country’s premier life and health insurers, have partnered to launch a first-of-its-kind, end-to-end digital insurance journey set to reshape…
SBP keeps unchanged interest rate at 11 percent
The State Bank of Pakistan (SBP) on Wednesday released its Monetary Policy Report (MPR), outlining the major economic developments and macroeconomic outlook that were the main considerations in the recent…
MEBL’s profit on Islamic financing was recorded at PkR101.9bn in 2QCY25
AKD Research has published its commentary on MEBL’s 2QCY25 result, which is reportedly beating expectations on lower profit on deposits and curtailed expenses. Meezan Bank Ltd (MEBL) announced its 2QCY25…
The FIFA World Cup 2026™ begins with Visa
It's official: the journey to the FIFA World Cup 2026™ begins with Visa, the Official Payment Technology Partner of FIFA. Visa cardholders globally can apply for exclusive early access to…
Pak-Qatar Group partners with NDS Technologies
Pak-Qatar Group has signed a strategic agreement with NDS Technologies (Pvt.) Ltd. to implement H3C’s Hyper-Converged Infrastructure (HCI) solution as part of its IT ecosystem. This partnership, formalized at the…
Pakistan’s first satellite-powered agri-lending solution by a local bank
In a landmark development for Pakistan’s agri-lending sector, HBL Microfinance Bank (HBL MfB) and the Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) have signed a Memorandum of Understanding (MoU)…
Pakistani workers’ remittances in July 2025 saw a growth of 7.4%
According to data released by the State Bank of Pakistan, Pakistani workers’ remittances in July 2025 experienced a growth of 7.4%. According to data released by the State Bank of…
Bank Alfalah onboards 29 future leaders
Bank Alfalah, one of Pakistan’s leading commercial banks, has welcomed 29 outstanding individuals into the 11th batch of its prestigious Alfa Lead Management Trainee Program 2025. Launched in 2015, the…
SBP reserves decreased by US$ 72 million
The total liquid foreign reserves held by the country stood at US$19,495.6 million as of 01-Aug-2025. The breakdown of the foreign reserves position is as follows: Foreign reserves held by…
MCB Bank delivers Rs. 58.06 Billion PBT in H1 2025
The Board of Directors of MCB Bank Limited (MCB), in its meeting held under the Chairmanship of Mian Mohammad Mansha, reviewed the Bank’s performance and approved the condensed interim financial…
Bank Alfalah reported PAT of PKR 15.27 bn for the 1H2025
Islamabad, July 31 2025: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on July 31, 2025, approved the Bank’s financial results for the half year…
HBL’s H1’25 profit before tax rises to Rs 75.3 billion, up 30% YoY
HBL today declared a record consolidated profit before tax of Rs 75.3 billion for the half year ended June 30, 2025, 30% higher than in the same period last year.…
Maintaining interest rate at 11% disappointing, business community’s concerns ignored: KATI
President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi, has expressed deep disappointment over the State Bank of Pakistan’s (SBP) decision to maintain the policy interest rate…
PCDMA chief criticizes SBP for maintaining 11% interest rate
Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has expressed strong disappointment over the State Bank of Pakistan’s (SBP) decision to maintain the policy interest rate…
High interest rate unjustified despite lower inflation, says SAI President
The President of SITE Association of Industry, Ahmed Azeem Alvi, has expressed deep concern over the State Bank of Pakistan’s decision to maintain the policy rate at 11 %. In…
Rising unemployment is increasing poverty: Mian Zahid Hussain
The Chairman of the National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of the All Karachi Industrial Alliance, the Chairman of the FPCCI…