Dubai Islamic Bank (DIB) Pakistan and DHA City signed a Memorandum of Understanding (MOU) to become the Banking Partner for property purchases through Remittance and Opening of Roshan Digital Accounts…
Jubilee Life Insurance, the country's largest private sector insurance company hosted a fundraising dinner for the Enterprise Challenge Pakistan (ECP), a national entrepreneurship competition for 14 – 18-year-old students, with…
Highlights: Highest ever profit after tax of PKR 42.6bn; up 115 per cent YoY All-time high income of PKR 107.5 bn; up 72 per cent YoY Total assets crossed PKR…
HBL announced earnings (PAT) today for 4QCY23 at PKR 14.8bn (EPS: PKR 10.12), depicting an increase of 39% YoY | -11% QoQ (4QCY22 EPS: PKR 7.27). This jump in overall…
• Ericsson’s fintech solution, the Ericsson Wallet Platform, will support positioning Telenor Microfinance Bank as a Digital Bank (subject to regulatory approvals) by offering a wide range of new and…
The total liquid foreign reserves held by the country stood at US$ 13,097.8 million as of 16-Feb-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Mashreq Bank Pakistan Limited is pursuing a restricted license from The State Bank of Pakistan to commence its digital retail banking operations. This marks an important step in its journey…
In Jan'24, the Current Account shifted from a surplus of USD 404mn in the previous month (Dec'23) to a deficit of USD 269mn. This marked a 61% increase in the…
The Board of Directors of Meezan Bank has approved the Bank’s financial statements and its consolidated financial statements for the year ended December 31, 2023. The meeting was chaired by…
Bank Alfalah, a leading commercial bank in Pakistan, and Zindagi Trust, a pioneering non-profit organisation committed to transforming the landscape of education in Pakistan, are pleased to announce the initiation…
The total liquid foreign reserves held by the country stood at US$ 13,149.1 million as of 9-Feb-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
MEBL announced earnings (PAT) today for 4QCY23 at PKR 26.9bn (EPS: PKR 15.00), depicting an increase of 65% YoY | 4% QoQ (4QCY22 EPS: PKR 8.16). This jump in overall…
State Bank of Pakistan has suspended, with immediate effect, the authorization of the following Exchange Companies till further orders on account of serious violation of State Bank's regulations and instructions:…
Mastercard and the Bank of Punjab (BOP) have expanded their partnership to cover the commercial segment, ranging from large corporate entities and Small and Medium Enterprises (SME) to freelancer and…
Zindigi, powered by JS Bank, announced a strategic alliance with Popcorn Studio, the foremost co-working space provider with 12 locations across Pakistan. Renowned for fostering thriving communities of freelancers, entrepreneurs,…
The total liquid foreign reserves held by the country stood at US$ 13,097.6 million as of 2-Feb-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on February 06, 2024, reviewed performance of the Bank and approved…
Faysal Bank Limited and Total Parco signed an agreement to provide cashless transactions across Total Parco's extensive retail network. Through this alliance, Faysal Bank's state-of-the-art point-of-sale card acceptance solution will…
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on February 01, 2024, approved the Bank's financial results for the year ended December 31, 2023. Bank…
BAFL has posted 4QCY23 consolidated NPAT of PKR9.0bn (EPS: PKR5.74), up 120%YoY and flat QoQ. This takes CY23 NPAT to PKR36.5bn (EPS: PKR23.15), up 98%YoY. While the result is lower…
Mashreq, a leading UAE bank, has announced its financial results for the fiscal year 2023, demonstrating a strong commitment to client-centricity and operational excellence. The bank's net profit has surged…
As CY23 concludes, the banking sector has wrapped up the year on a positive note, benefitting from following key factors: Firstly, the impact of asset repricing has led to improved…
The National Bank of Pakistan and the National Aerospace Science and Technology Park (NASTP) have agreed, marking a substantial and noteworthy stride in their collaborative endeavours. The event took place…
AlBaraka Forum for Islamic Economy in collaboration with the Islamic Chamber of Commerce and Development (ICCD) hosted the 2nd AlBaraka Regional Conference, in partnership with AlBaraka Bank Pakistan, to shed…
Organizations Working for People with Disabilities), Pakistan. This strategic alliance marks a significant step in Jubilee Life's ongoing commitment to diversity, equity, and inclusivity (DEI) within its workforce. As an…
