JS Bank Limited continued to strengthen itself through sustainable growth and innovative financial solutions, solidifying its position as one of the fastest-growing banks in the country. As a result, JS…
Pakistan's leading digital microfinance bank, Mobilink Bank, has been named one of the 'Top 10 Inclusive Companies of the Year' at the prestigious Global Diversity, Equity, and Inclusion Benchmarks (GDEIB) Awards…
NBP announced earnings (PAT) today for 4QCY24 at PKR 22.4bn (EPS: PKR 10.6), depicting an uptick of 63% YoY | 7.6x QoQ (4QCY23 EPS: PKR 6.5). This brought full-year CY24…
During the ensuing month of Ramadan-ul-Mubarak 1446 A.H., the following office hours will be observed in the State Bank of Pakistan, which all banks, development finance institutions and microfinance banks…
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has signed a strategic Memorandum of Understanding (MOU) with OlaDoc, a leading digital healthcare platform. This collaboration is designed to…
In a historic milestone, ABHI and TPL Corp Limited came together to celebrate the grand launch of ABHI Microfinance Bank at Mohatta Palace. This strategic collaboration, approved by the State…
Indus Motor Company Limited ("the Company") has announced its financial results for the half-year FY 24-25 ended December 31, 2024, showcasing strong growth amidst signs of economic recovery in Pakistan.…
Payoneer (NASDAQ: PAYO), a global fintech leader empowering small and medium-sized businesses (SMBs) to expand globally, has reported record-breaking financial results for Q4 and full-year 2024. The company achieved 20%…
BankIslami has posted a record-breaking 24.4% rise in pre-tax profit to Rs. 25.5 billion for the year ending December 31, 2024, reinforcing its stature in Pakistan’s Islamic banking sector. Despite…
The total liquid foreign reserves held by the country stood at US$ 15,925.7 million as of 21-Feb-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
PTCL Group, Pakistan's largest ICT services provider, is pleased to announce the appointment of seasoned banker, Tooran Asif as the new President & Chief Executive Officer (CEO) of U Microfinance…
Governor of the State Bank of Pakistan, Mr. Jameel Ahmad reiterated the need to significantly increase financial deepening in the country, adding that no country can achieve sustainable economic growth…
Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, the country's premier and pioneer Islamic financial services group, has written history by…
SHC enforces section 99D on commercial banks Sindh High Court (SHC) has dismissed petitions filed by commercial banks challenging the legality of the windfall tax, meaning Section 99D and SRO1588(I)/2023…
The State Bank of Pakistan (SBP) successfully organized the 16th SAARCFINANCE Seminar, titled “Challenges and Opportunities in the Capacity Building of Central Banks and the Financial Industry: Lessons for SAARC Countries.” held…
The SBP has granted M/s Wemsol Private Limited a license to commence commercial operations as an Electronic Money Institution (EMI). Under the license, the EMI shall offer consumers and merchants…
Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, in partnership with Special Olympics Pakistan (SOP), hosts the ‘1st Faysal Bank SOP Unified Marathon 2025’ for the first time…
The State of the Bank of Pakistan (SBP) has issued Raast Participation Criteria outlining minimum requirements for entities desirous of becoming Raast participants. These entities must have the necessary functional…
The Governor of the State Bank of Pakistan (SBP) awarded Mashreq Bank Pakistan Limited (MBPL) the first restricted license for pilot operations in a special meeting with the Board and…
The total liquid foreign reserves held by the country stood at US$ 15,947.9 million as of 14-Feb-2025. The break-up of the foreign reserves position is as follows: Foreign reserves held…
Mobilink Bank, Pakistan’s leading digital microfinance institution, has partnered strategically with leading fintech innovator NymCard and technology consultancy Dellson Associates to accelerate digital financial services and cross-border enablement. The collaboration…
Faysal Bank Limited (FBL) continued its success story in 2024, demonstrating strong financial resilience and operational excellence. During its second year as a full-fledged Islamic Bank, FBL announced remarkable financial…
Today, HBL declared a record profit before tax of Rs 120.3 billion for the year ending December 31, 2024, which is 6% higher than in 2023. The profit after tax…
In a significant step towards fostering international collaboration in Islamic finance, Meezan Bank, Pakistan’s leading Islamic bank, and the Participation Banks Association of Türkiye, or Türkiye Katilim Bankalari Birliği (TKBB),…
Banking, as we know, has changed forever. Gone are the days of long queues, endless paperwork, and rigid banking hours. In a world where everything is just a tap away,…