BankIslami Pakistan Limited ('the Bank' or 'BankIslami') announced its financial results for the quarter ended September 30, 2022. For nine months, BankIslami closed operating profits before provision at Rs. 7.79 Bn,…
Profit before tax of PKR 36.4 billion, up 98 per cent year on year Overall revenue growth of 70 per cent Healthy increase in total assets of 11 per cent…
State Bank of Pakistan has suspended, with immediate effect, the authorization of an Exchange Company –B, namely M/s Mega Currency Exchange Company –B (Pvt) Limited, till further orders due to…
Paymob, the leading omni-channel payments facilitator in MENAP, and JazzCash, Pakistan's leading Fintech and part of VEON Group, announce their partnership to expand digital payments acceptance in Pakistan. JazzCash mobile…
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on October 26, 2022, reviewed the performance of the Bank and…
MCB announced earnings (PAT) today for 9MCY22 at PKR 20.6bn (EPS: PKR 17.4), depicting a decrease of 10% YoY | rise 304% QoQ (3QCY22 EPS: PKR 7.8). The jump in…
The United States government, through the U.S. International Development Finance Corporation (DFC) and the U.S. Agency for International Development (USAID), launched a new partnership with Pakistan's leading financial institution Khushhali…
The Board of Directors of Meezan Bank, in its 100th Board meeting held on October 19th, 2022 approved the financial statements of the Bank for the nine months period ended September…
The total liquid foreign reserves held by the country stood at US$ 13,250.9 million as of 14-Oct-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
State Life Insurance Corporation (SLIC), Pakistan's largest life and health insurer, has signed a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB). This partnership will enable both organizations to offer…
MEBL posted 3QCY22 consolidated NPAT of PKR11.6bn (EPS: PKR6.46), up a sharp 65% YoY, and 47% QoQ. This takes 9MCY22 NPAT to PKR28.6bn (EPS PKR: 15.99), up 45%YoY. The 3Q…
Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a strategic partnership with renowned global banking solution provider, TPS for the induction of its ground-breaking and all-encompassing digital…
Meezan Bank, Pakistan's Leading Islamic Bank and Coca-Cola Beverages Pakistan Limited (CCI Pakistan) have joined hands to launch a digital supply chain financing platform in partnership with Haball, an Islamic…
As part of their aim to provide innovative products and utilize the digital paradigm to redefine takaful, TPL Insurance Limited – Window Takaful Operations (WTO) is pleased to announce its…
As part of providing tailored solutions and unique value-added features for our customers, QistBazaar.pk a fintech start-up which has recently developed an e-commerce marketplace for electronics that customers can avail…
· AKD's Banking Universe's profitability is estimated to post robust growth in 3QCY22, where cumulative growth in net profit will likely clock in at 22%QoQ/97%YoY on the back of i) better…
BAFL announced earnings (PAT) today for 9MCY22 at PKR 14.3bn (EPS: PKR 8.03), depicting an increase of 33% YoY | 48% QoQ (3QCY22 EPS: PKR 3.10). This jump in overall…
Pakistan's largest life and health insurer, State Life Insurance Corporation (SLIC), partnered with Pink Pakistan Trust as a Platinum Sponsor for this year's Pinktober Breast Cancer Awareness Ride held on…
Visa Inc. (NYSE:V), the world leader in digital payments, today shared an updated look at how fraud has evolved since the height of the pandemic, with criminals simultaneously targeting online…
The total liquid foreign reserves held by the Pakistan stood at US$ 13,246.8 million as of 07-Oct-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL)'s Chief Finance and Digital Officer (CFDO), Sardar Mohammad Abubakr shared his expertise on Fintech Surge: ESG & Fintech – Society, Inclusion…
Workers' remittances recorded an inflow of US$ 2.4 billion during September 2022, according to SBP. In terms of growth, during September 2022, remittances decreased by 10.5 percent on m/m and…
Pakistan's largest digital operator and the largest internet and broadband service provider, has partnered with OPay, a fast growing mobile payment Fintech company, to offer e-pin facility on point-of-sale (POS)…
Standard Chartered Bank (SCBPL) signed a memorandum of understanding with EFU Life Assurance Limited and IGI Life Insurance Limited whereby these partner companies will deploy dedicated sales staff at Standard…
At today's meeting, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 15 percent. The MPC noted the continued deceleration in economic activity as well as the…
