The total liquid foreign reserves held by the country stood at US$ 9,990.4 million as of 05 May 2023. The break-up of the foreign reserves position is as under: Foreign…

Workers' remittances recorded an inflow of US$2.2 billion during April 2023. Regarding growth, during April 2023, workers' remittances decreased by 12.9 percent on m/m basis. Cumulatively, with an inflow of US$ 22.7 billion,…

Al Meezan Investment Management Limited, Pakistan's largest fund manager with Assets under Management of over PKR 295 Billion, including discretionary portfolios, has partnered with easypaisa, Pakistan's leading digital financial services…

Mobilink Bank (MMBL) reported its financial results for Q1 2023, demonstrating strong business resilience in the face of challenging economic conditions. The Bank's unaudited financial statements indicate a remarkable 48%…

Paymob, the leading financial services enabler in the Middle East, North Africa and Pakistan (MENA-P) and Pakistan's largest interbank network, 1LINK, have announced a partnership agreement to power instant online…

Bank Alfalah has signed a Memorandum of Understanding (MOU) with TPL Life and TPL Insurance to provide customized insurance solutions for its Employee Banking Customers. This partnership aims to offer…

FABL announced earnings today for 1QCY23 at PKR 3.3bn (EPS: PKR 2.18), depicting an uptick of 50% YoY, while a decline of 9% QoQ (4QCY22 EPS: PKR 2.38). The rise…

BankIslami Pakistan Limited ('the Bank' or 'BankIslami') announced its financial results for the quarter ended March 31, 2023 registering a notable increase of 262% in profit before tax i.e. Rs.…

Habib Bank Limited (HBL) posted its 1QCY23 earnings earlier today, where the bank announced NPAT of PkR13.3bn (EPS: PkR9.0)-in line with our estimates. The earnings showed growth of 23%QoQ and…

The total liquid foreign reserves held by the country stood at US$ 10,024.3 million as of 20-Apr-2023. 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 held under the Chairmanship of Mian Mohammad Mansha on April 27, 2023, reviewed the performance of the Bank…

Highlights: Profit before tax of PKR 16.1 billion, up 37 per cent year on year Total revenue of PKR 20.4 billion, growth of 43 per cent Healthy increase in net…

The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 27, 2023, approved the Bank's financial results for the quarter ended March 31, 2023. The…

Bank Alfalah Limited (BAFL) announced its 1QCY23 results today reporting above expected earnings of PKR 10.7Bn (EPS: PKR6.8), ↑114/161% YoY/QoQ respectively. The bank did not announce an interim dividend. Key…

Prominent UAE national, investor, and a longstanding friend of Pakistan, H.E. Nasser Abdulla Hussain Lootah (the "Investor"), has acquired a controlling stake in Summit Bank, a move that was recently…

The total liquid foreign reserves held by the country stood at US$ 9,964.9 million as of 14-Apr-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

Pakistan premier and pioneer Islamic financial conglomerate, Pak -Qatar Group has announced its financial results for the year ended December 31, 2022, for its companies Pak-Qatar Family Takaful Limited (PQFTL)…

The Board of Directors of Meezan Bank Limited, in its meeting held at Karachi on April 18, 2023, approved the Bank's financial statements for the quarter that ended March 31,…

MEBL announced earnings (PAT) today for 1QCY23 at PKR 15.4bn (EPS: PKR 8.63), portraying a jump of 68% YoY | -5% QoQ (1QCY22 EPS: PKR 5.13). The overall earnings jump…

Standard Chartered Bank Pakistan Limited recently signed an unfunded Risk-Participation Agreement with British International Investment (BII), the UK's development finance institution and impact investor, to provide support to the microfinance…

TPL Life, Pakistan's fastest-growing insurtech, signed a 'memorandum of association' with Hello Doctor, a subsidiary of the Rehability UK group. The partnership aims to establish convenient bridges of communication and…

Bank Alfalah, one of the largest commercial banks in Pakistan, has collaborated with SendSpend, headquartered in London, United Kingdom (UK), to launch a state-of-the-art, international remittance service. The cloud-based service…

Pak-Qatar Family Takaful and Emaan Islamic Banking (a division of Silk Bank) Collaborate to Offer Health Takaful Plan. The agreement was signed by Mr. Azeem Pirani, Chief Executive Officer Pak-Qatar…

 Visa announced the launch of its Eco Benefits solution in Pakistan in partnership with the Berlin-based fintech and Visa partner ecolytiq and its Sustainability-as-a-Service® solution. Visa Eco Benefits will allow…