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…

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…

EFU General Insurance Ltd. brings a mobile app to deliver a premium customer experience with enhanced accessibility for purchasing and managing motor and travel insurance policies at any hour of…

SBP's next Monetary Policy Committee (MPC) meeting will be held on Jan 29, 2024. In order to gauge the view on monetary policy outlook, Topline Research conducted a poll of…

The total liquid foreign reserves held by the country stood at US$ 13,341.4 million as of 19-Jan-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…

Faysal Bank Limited, a leading Islamic financial institution known for its commitment to technological innovation with Sharia compliance, announced a strategic collaboration with OPay, a global fintech giant with a…

NayaPay, a rapidly growing financial platform, has partnered with Alipay+, a cross-border digital payments and marketing platform operated by Ant International. The collaboration between NayaPay and Alipay+ is set to make…

Mastercard and UBL have renewed its strategic business partnership focused on the issuance of debit cards in Pakistan. The multi-year collaboration will see the partners tap into opportunities to boost…

The total liquid foreign reserves held by the country stood at US$ 13,145.1 million as of 12-Jan-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…

Raqami Islamic Digital Bank has entered into an exclusive agreement with Codebase Technologies to procure its DigiBanc Suite as the core technology stack of the bank. Digibanc Suite is an…

Five winners were announced for She's Next, Visa's global platform dedicated to women entrepreneurs, at an awards ceremony in Karachi Hira Javaid, CEO of Foster Learning, wins People's Favorite Award Winners…

 •        In Dec'23, the Current account demonstrated a surplus of USD 397mn, a notable shift from the USD 365mn deficit recorded in Dec'22. •        On MoM basis, overall imports experienced a 6.1%…