Highlights: Profit before tax of PKR 16.1 billion, up 37 per cent year on year Total revenue of PKR 20.4 billion, growth of 43 per cent Healthy increase in net…
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 27, 2023, approved the Bank's financial results for the quarter ended March 31, 2023. The…
Bank Alfalah Limited (BAFL) announced its 1QCY23 results today reporting above expected earnings of PKR 10.7Bn (EPS: PKR6.8), ↑114/161% YoY/QoQ respectively. The bank did not announce an interim dividend. Key…
Prominent UAE national, investor, and a longstanding friend of Pakistan, H.E. Nasser Abdulla Hussain Lootah (the "Investor"), has acquired a controlling stake in Summit Bank, a move that was recently…
The total liquid foreign reserves held by the country stood at US$ 9,964.9 million as of 14-Apr-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Pakistan premier and pioneer Islamic financial conglomerate, Pak -Qatar Group has announced its financial results for the year ended December 31, 2022, for its companies Pak-Qatar Family Takaful Limited (PQFTL)…
The Board of Directors of Meezan Bank Limited, in its meeting held at Karachi on April 18, 2023, approved the Bank's financial statements for the quarter that ended March 31,…
MEBL announced earnings (PAT) today for 1QCY23 at PKR 15.4bn (EPS: PKR 8.63), portraying a jump of 68% YoY | -5% QoQ (1QCY22 EPS: PKR 5.13). The overall earnings jump…
Standard Chartered Bank Pakistan Limited recently signed an unfunded Risk-Participation Agreement with British International Investment (BII), the UK's development finance institution and impact investor, to provide support to the microfinance…
TPL Life, Pakistan's fastest-growing insurtech, signed a 'memorandum of association' with Hello Doctor, a subsidiary of the Rehability UK group. The partnership aims to establish convenient bridges of communication and…
Bank Alfalah, one of the largest commercial banks in Pakistan, has collaborated with SendSpend, headquartered in London, United Kingdom (UK), to launch a state-of-the-art, international remittance service. The cloud-based service…
Pak-Qatar Family Takaful and Emaan Islamic Banking (a division of Silk Bank) Collaborate to Offer Health Takaful Plan. The agreement was signed by Mr. Azeem Pirani, Chief Executive Officer Pak-Qatar…
Visa announced the launch of its Eco Benefits solution in Pakistan in partnership with the Berlin-based fintech and Visa partner ecolytiq and its Sustainability-as-a-Service® solution. Visa Eco Benefits will allow…
The total liquid foreign reserves held by the country stood at US$ 9,564.5 million as of 07-Apr-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Pakistan's leading microfinance institution, Mobilink Microfinance Bank Ltd. (MMBL) and MateSol, a blockchain-based invoice verification platform with a global footprint, have signed a Memorandum of Understanding (MoU) to offer better…
State Bank of Pakistan released its first and second quarterly report of Payment Systems for the Fiscal Year 2022-23 today covering the period July to December 2022. The report presents…
TPL Insurance, the market leader in innovations underpinned by customer-centricity in the insurance segment, is proud to announce another first in the industry. The company has completed a pilot launch…
Workers' remittances recorded an inflow of US$2.5 billion during Mar 23. In terms of growth, during Mar 23, remittances increased by 27.4 percent on m/m and decreased by 10.7 percent on y/y basis.…
Mobilink Microfinance Bank Limited (MMBL) has partnered strategically with Rahim & Sons Enterprises, a leading integrated engineering service provider, and K&S Solar Energy, a reputable alternative energy solutions provider. Through…
Bank Alfalah, one of Pakistan's leading commercial banks, has announced a strategic partnership with Network of Organizations Working For People With Disabilities Pakistan (NOWPDP), a non-profit organization to empower persons…
In the monetary policy meeting held today (4th Apr''23), the State Bank of Pakistan (SBP) increased the benchmark policy rate by another 100bps to 21%, a record high. To recall,…
Pakistan: Mastercard and Illusions Online, a global leader in enterprise solutions for the hospitality industry, have partnered to launch a unique online platform to bring customised travel offers to Mastercard…
President of FPCCI – the country's apex body – Mr. Irfan Iqbal Sheikh, has categorically apprised the government that Pakistan's entire business, industry and trade community has refused to accept…
At today's meeting, the Monetary Policy Committee (MPC) increased the policy rate by 100 basis points to 21 percent. The MPC noted that inflation in March 2023 rose further to…
Meezan Bank, Pakistan's leading Islamic bank, has surpassed USD 1.5 billion in deposit inflows under Roshan Digital Account (RDA). The State Bank of Pakistan launched RDA in collaboration with various…
