Urgent dedicated primary legislation, swift adoption of AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards tailored to local financial context, and the establishment of a stronger Shariah governance framework are critical…
Lucky Investments Limited (Lucky Investments) has been awarded an initial Asset Manager Rating of “AM2” with a Positive Outlook by The Pakistan Credit Rating Agency Limited (PACRA). This significant milestone…
Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a profit before tax of PKR 17.0bn compared to PKR 24.7bn in Q1’24. The Bank posted revenue of…
In an effort to make homeownership more accessible to Pakistanis, BankIslami is offering a lowest financing solution at 1-Year KIBOR + 1%. This offer provides customers with an affordable and…
HBL today declared a record profit before tax of Rs 36.6 billion for the quarter ended March 31, 2025, 22% higher than in the same period last year. The profit…
Faysal Bank Limited (FBL) demonstrated resilient financial performance, reporting a Profit Before Tax (PBT) of PKR 11.1 billion on a standalone basis and a net profit of PKR 5.1 billion.…
The State Bank of Pakistan (SBP) has issued its annual flagship publication, Financial Stability Review (FSR), for the year 2024. The Review is prepared and published in terms of requirements…
The total liquid foreign reserves held by the country stood at US$ 15,436.0 million as of 18-Apr-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
Meezan Bank, Pakistan’s first and largest Islamic bank, welcomed a high-level delegation from Malaysia to its Head Office in Karachi in a landmark visit aimed at studying Meezan Bank’s successful…
The Board of Directors of MCB Bank Limited (MCB), met under the Chairmanship of Mr. Mian Mohammad Mansha, to review the performance of the Bank and approved the condensed interim…
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, reinforced its commitment to social responsibility and nation-building through a meaningful visit to Habib University — a premier liberal arts…
BankIslami, one of the country’s fastest-growing Islamic financial institutions, announced its financial results for the first quarter ended March 31, 2025. The Bank reported a Profit Before Tax (PBT) of…
JS Bank, one of Pakistan’s fastest-growing financial institutions, has exclusively partnered with Instant Cash, a company within the FINTX portfolio and a global money transfer brand, to launch JS GharPay,…
MEBL announced earnings (PAT) today for 1QCY25 at PKR 22bn (EPS: PKR 12.3), depicting a decline of 11% YoY | 11% QoQ (4QCY23 EPS: PKR 13.9). The bank's earnings contracted…
The total liquid foreign reserves held by the country stood at US$ 15,662.0 million as of 11-Apr-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
In line with its core mission to empower farmers and transform Pakistan’s agriculture landscape, HBL Zarai Services Limited (HZSL) has launched its wheat procurement initiative under its flagship retail brand…
The Governor of the State Bank of Pakistan (SBP), Mr. Jameel Ahmad, attended the gong ceremony at the Pakistan Stock Exchange (PSX) on Monday and highlighted the noticeable progress made…
Key takeaways from the SBP Governor’s speech at PSX today are as follows; The current level of financial inclusion stands at 64%.The target is to increase financial inclusion to 75%…
In March 2025, workers’ remittances inflow, at US$4.1 billion, crossed the US$4 billion mark for the first time. Regarding growth, remittances increased by 37.3 percent and 29.8 percent on a…
The total liquid foreign reserves held by the country stood at US$ 15,752.7 million as of 04-Apr-2025. The breakup of the foreign reserves position is as follows: Foreign reserves held…
Lucky Investments Limited has made history by executing the largest mutual fund launch in Pakistan. The newly established Asset Management Company raised an unprecedented PKR 50 billion during the Initial…
Bank Alfalah, one of Pakistan’s leading commercial banks, has announced a strategic collaboration with Swift to introduce Payment Pre-validation, a cutting-edge solution designed to enhance cross-border payments' speed, accuracy, and…
We initiate our Meezan Bank Ltd. (MEBL) coverage with a Dec’25 Target Price (TP) of PKR 335, signifying a potential capital gain of 30.45%. The bank also offers a healthy…
Haball (“the Company”), Pakistan’s leading supply chain financing and payments fintech, raises a US$52 million pre-Series A funding round comprising equity investment and a strategic financing allocation. The equity component…
In a powerful tribute to a legacy of vision and service, Ms. Zahida Habib has established the H.M. Habib Endowment Fund at the Descon Technical Institute (DTI) in memory of…
