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…
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on April 24, 2024, reviewed the performance of the Bank and…
Pak-Qatar Family Takaful (PQFTL), part of Pak-Qatar Group, Pakistan's premier and pioneer Islamic financial services group, becomes Pakistan's first ever Takaful operator to introduce a Voluntary Pension Scheme (VPS). By…
Khushhali Microfinance Bank Limited conducted a plantation drive in various sectors of Sindh. KMBL branches in Larkana, Mehar, Mehrabpur, Ratodero, Shahdad, and Wagankambar participated in the event. The participants planted…
SBP's next Monetary Policy Committee (MPC) meeting will be held on Apr 29, 2024. Topline Research polled key market participants on expectations over policy rates and key macro estimates to…
The total liquid foreign reserves held by the country stood at US$ 13,373.7 million as of 12-Apr-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Pakistan's leading digital microfinance institution, Mobilink Bank, has reported a staggering 97% increase in revenue during Q1 2024 compared to last year, marking a powerful start to the year. The…
Meezan Bank (MEBL) announced 1Q2024 unconsolidated earnings of Rs25.4bn (EPS of Rs14.18), which is up 65% YoY. The result came in line with industry expectations. Alongside the result, the bank…
Telenor Microfinance Bank (TMB), the operator of Pakistan's leading digital financial services platform easypaisa, announced its financial results for the year ended December 31, 2023, marking a remarkable turnaround with…
Mashreq Pakistan, a part of Mashreq, the leading financial institution in the MENA region, has further solidified its commitment to Pakistan by announcing three key leadership appointments. Shamsulhaq Niaz has…
Dubai Islamic Bank, ARY Services & MAK Global have collaborated and signed a tri-partite MOU to launch RAAST P2M (Payment to Merchants) services in Pakistan. The signing Ceremony was held…
Raqami Islamic Digital Bank Limited is proud to announce that two of its esteemed leaders have been honored with the prestigious awards of Sitara-e-Imtiaz and Sitara-e-Pakistan, by the Government of…
The State Bank of Pakistan has today issued a framework to onboard the Benazir Income Support Program (BISP) Beneficiaries for receiving the social welfare payment into their accounts to be…
easypaisa, Pakistan's leading digital financial services platform, has launched the QR SoundBox, a portable device for payment alerts and notifications, to revolutionize digital financial services in Pakistan. The QR SoundBox…
Pak-Qatar Asset Management Company Limited (PQAMC) is a leading pure Islamic asset management company in Pakistan and part of Pak-Qatar Group, Pakistan's pioneer and premier Islamic financial services group. PQAMC…