Pakistan's macroeconomic conditions improved during H1-FY24, according to the State of Pakistan's Economy Report for H1-FY24 released today by the State Bank of Pakistan (SBP). The Report contains the analysis…
Pak-Qatar General Takaful Limited (PQGTL or the Company), a leading provider of Shariah-compliant general Takaful solutions in Pakistan, has announced its financial results for the year ended December 31, 2023.…
United Bank Limited (UBL), a leading bank in Pakistan, has acquired a 14,092 sq. yard commercial plot in Naya Nazimabad, Karachi, to build its regional office. Naya Nazimabad is located…
Meezan Bank, Pakistan's first and largest Islamic Bank, and Roche Pakistan, a global leader in biotechnology, have united in a significant initiative. This collaboration aims to alleviate the financial burden…
Workers' remittances recorded an inflow of US$ 2.8 billion during April 2024. In terms of growth, during April 2024, remittances increased by 27.9 per cent on y/y basis. Cumulatively, with…
The total liquid foreign reserves held by the country stood at US$ 14,458.9 million as of 03-May-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Pak-Qatar Family Takaful Limited (PQFTL or the Company), a leading provider of Shariah-compliant family Takaful solutions in Pakistan, has announced its financial results for the year ended December 31, 2023.…
Mashreq Pakistan, a part of Mashreq which is the leading financial institution in the MENA region and Paysys Labs Pvt Ltd, a leading payment technology provider, today announced a strategic…
Dubai Islamic Bank Pakistan Limited (DIBPL) has signed an Issuing Bank Agreement (IBA) with the International Finance Corporation (IFC) to support international trade in Pakistan. Under the agreement, IFC will guarantee payment…
EFU General Insurance Ltd., the leading non-life insurer in Pakistan, was recently awarded the 16th Corporate Social Responsibility Award 2024 at an event organized by the National Forum of Environment…
Embarking on a transformative journey, Zindigi, powered by JS Bank, in collaboration with the Sindh Mass Transit Authority (SMTA), People Bus Service, and Mastercard, has reshaped Karachi's public transportation landscape.…
Bank of Punjab (BoP) has become a strategic partner of Google Cloud Startup Competition 2024. This competition is organised nationally by Google Cloud Partner Tech Valley and supported by Google…
Telenor Microfinance Bank (TMB) announced exceptional financial performance for the first quarter of 2024 (Q1'24). The Bank reported an impressive profit before tax of PKR 1.03 billion during Q1'24 compared…
The total liquid foreign reserves held by the country stood at US$ 13,316.0 million as of 26-Apr-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
IMF Executive Board completed the second review under the Stand-by Arrangement (SBA) in its meeting on 29Apr2024 and approved disbursement of SDR 828 million for Pakistan. Accordingly, SBP has received…
Highlights: Record profit before tax of PKR 24.7 billion, up 53 per cent year on year Strong revenue of PKR 29.3 billion, growth of 44 per cent Robust growth in…
Pak-Qatar Asset Management Company Limited (PQAMC) is a leading pure Islamic asset management company in Pakistan, and part of Pak-Qatar Group, which is Pakistan’s pioneer and premier Islamic financial services…
Ghazanfar Azzam has decided to step down as the President and CEO of Mobilink Bank after 12 years of service. Under his leadership, Mobilink Bank has experienced remarkable growth and…
Maintaining its growth momentum, BankIslami delivered an impressive return for its shareholders, with a remarkable 99% surge in its profit before tax for the first quarter of 2024. The Bank's…
At its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 22 percent. The Committee noted that the macroeconomic stabilization measures are contributing to…
Mashreq is pleased to disclose its financial results for the first quarter 2024. These results demonstrate the bank's steadfast commitment to strategic priorities centred on client-centricity, operational and financial efficiency,…
NBP announced earnings (PAT) today for 1QCY24 at PKR 9.7bn (EPS: PKR 4.56), which depicted a decrease of 14% and 30%, respectively, on both a YoY and QoQ basis (1QCY23…
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 24, 2024, approved the Bank's financial results for the quarter ended March 31, 2024. The…
Arif Habib Limited hosted HBL's analyst briefing session today, during which the HBL management delved into the 1QCY24 results and offered valuable insights into the bank's forthcoming strategy. Here are…
The total liquid foreign reserves held by the country stood at US$ 13,280.5 million as of 19-Apr-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
