JS Bank and BankIslami have announced a strategic partnership to enhance home remittance services nationwide by combining both institutions' strengths and retail networks. Through this alliance, JS Bank will leverage…
At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 250 basis points to 15 percent, effective from November 5, 2024. The Committee noted…
Pakistan Vanaspati Manufacturers Association (PVMA) Chairman, Sheikh Umer Rehan, has strongly urged the government and the State Bank to reduce the interest rate by 500 basis points (5%) in the…
Mr. Atif Ikram Sheikh, President of FPCCI, has been informed that Pakistan's business, industry, and trade community are disappointed with the monetary policy as it continues to be based on…
The total liquid foreign reserves held by the country stood at US$ 16,049.0 million as of 25-Oct-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
The Islamic Fintech sector is rapidly evolving, reshaping financial landscapes by blending technology with Shariah-compliant financial services. As digital platforms and innovative tools gain traction globally, Islamic Fintech stands out…
The President of the Hub Chamber of Commerce and Industry, Mr. Yakoob H. Karim, The former Presidents, Mr. Maqsood Ismail and Mr. Ismail Suttar, said that the State Bank must…
Meezan Bank, Pakistan’s leading Islamic bank, has been honored with the prestigious ‘Best Company in the Financial Category’ award at the 39th Corporate Excellence Awards, hosted by the Management Association…
Mashreq is proud to report its strong financial performance for the first nine months of 2024, showcasing its commitment to its strategic priorities. These include placing clients at the forefront…
Standard Chartered Bank Pakistan Limited (SCBPL) delivered a strong performance, leading to a 20% increase in profit before tax to PKR 75.5 billion. Overall revenue grew 16% year on year,…
Bank Alfalah, a leading commercial bank in Pakistan and the incumbent Best Bank for Digital Banking, announced the launch of its new mobile banking application, Alfa. New Alfa is purposely…
Captain Abdul Rashid Abro, central leader of the Pakistan Business Forum and former Vice President of FPCCI, has urged the State Bank of Pakistan Governor to lower interest rates to…
JS Bank announced its financial results for the nine months ending September 30, 2024. For the nine-month period, the Bank posted a standalone Profit Before Tax of Rs. 6.21 billion,…
Governor SBP, Mr. Jameel Ahmad, met delegates from international rating agencies and key global investors during the events hosted by leading financial institutions, including Standard Chartered, JP Morgan, Bank of…
Faysal Bank Limited (FBL), the leading Islamic bank in Pakistan, continued its growth stride and announced sound financial results for the nine months ending September 30, 2024. The Bank reported…
BankIslami continues its growth trajectory, delivering substantial returns to its shareholders with a remarkable 33.6% increase in profit before tax for the nine-month ended September 2024. The Bank's profit before…
APTMA calls upon the Monetary Policy Committee (MPC) to reduce interest rates by at least 400 basis points during its meeting on November 4th, 2024. In the current economic climate,…
Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKAATI), stated that to promote trade activities in the country and successfully compete with China and Bangladesh…
Korangi Association of Trade and Industry (KATI) President Junaid Naqi has demanded from the State Bank and the government that the Central Bank immediately announce a reduction in interest rates…
The total liquid foreign reserves held by the country stood at US$ 16,017.1 million as of 18-Oct-2024. The break-up of the foreign reserves position is as follows: Foreign reserves held…
The Global Shari’ah Majlis, a highly anticipated event in the Islamic finance industry, was held on Wednesday, 23 October 2024. Hosted as a hybrid event, this prestigious gathering brought together…
MCB Bank Limited (MCB) has announced its financial results for the nine-month period ended September 30, 2024, reflecting a strong performance across all key areas. The Board of Directors of…
United Bank (UBL) announced its 3Q2024 result today. The bank recorded its highest-ever quarterly earnings of Rs18.3bn (EPS of Rs14.96), up 24% year over year and quarter over quarter. The…
The Board of Directors of Meezan Bank approved the bank's financial statements for the nine-month period ending September 30, 2024. Mr. Riyadh S. A. A. Edrees, Chairman of the Board,…
Pak-Qatar Group (PQG), Pakistan's premier and pioneer Islamic financial services group, has signed a Memorandum of Understanding (MoU) with the Institute of Financial Markets of Pakistan (IFMP). This collaboration aims…
