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…
Mobilink Bank has once again demonstrated its unwavering commitment to gender equality and financial inclusion, securing a remarkable score of 82.7 on the State Bank of Pakistan's (SBP) Women Friendliness…
The National Bank of Pakistan (NBP) reinforced its commitment to inclusivity and social responsibility by hosting a special Pinktober event at its head office in Karachi, dedicated to raising awareness…
Pakistan’s current account (CA) balance in September 2024 was a second consecutive surplus of US$119mn, up from US$29mn in August 2024. The sequential improvement came mainly from a decline in…
3QCY24 Review: Higher effective tax rate masks strong core revenues MEBL has posted 3QCY24 consolidated NPAT of PKR26.2bn (EPS: PKR14.58), flat YoY and QoQ. The result is…
BankIslami, one of Pakistan's leading Islamic financial institutions, has launched a pivotal initiative by promoting its riba-free banking services, which are accessible to people of diverse backgrounds and faiths. The…
Standard Chartered Pakistan and Gatronova signed a Memorandum of Understanding at the Gatronova Head Office. Standard Chartered was awarded Gatronova’s cash management & supplier financing mandate through this agreement. This…
The Board of Directors of Bank Alfalah Limited, in its meeting held on October 17, 2024, approved the Bank’s financial results for the nine months ended September 30, 2024. Bank Alfalah…
Bank Alfalah and Allied Bank are proud to announce the launch of Mohalla Cricket, a nationwide tournament designed to foster community engagement and raise awareness for legal remittance channels in…
Fatima Fertilizer Company Limited and Zarai Taraqiati Bank Limited (ZTBL) have entered into a groundbreaking partnership to promote financial inclusion and support for smallholder farmers in Pakistan. This collaboration aims…
Today, HBL declared a consolidated profit before tax of Rs 85.9 billion for the first nine months of 2024, which is 3% higher than in the same period last year.…
Pak-Qatar Asset Management Company Limited (PQAMC) is a leading dedicated Islamic Asset Management Company in Pakistan, and part of Pak-Qatar Group, which is Pakistan’s Pioneer and Premier Islamic financial services…
Jubilee Life Insurance, Pakistan’s largest private insurer, recently signed an MOU with the Pakistan Fintech Network (PFN) to sponsor the upcoming Pakistan Insurtech Summits in 2024, 2025, and 2026. The…
JS Bank, one of the fastest-growing banks in Pakistan, has launched a game-changing service that allows customers to walk out with an instant debit card when they open a bank…
The State Bank of Pakistan (SBP) has released its annual report highlighting the significant advancements in the national payment ecosystem during the Fiscal Year 2023-24. The report underscores the remarkable…