Garaj, Pakistan's fastest-growing local cloud service provider, has partnered with Mobilink Microfinance Bank Ltd. (MMBL), VEON's financial services arm, to transform the Bank's branch networking infrastructure through the integration of…
Mobilink Bank exhibited significant growth in the first three quarters of 2023, as evidenced by the Q3 financial statements. This milestone highlights the Bank's dedication to supporting Micro, Small, and…
The total liquid foreign reserves held by the country stood at US$ 12,576.6 million as of 27-Oct-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Pakistan's women entrepreneurs are invited to apply for grants worth USD 50,000, a tailored training program and access to networking and mentoring opportunities. Applications are open until 2 December 2023.…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that there was scope…
Central Depository Company (CDC) has collaborated with the State Bank of Pakistan (SBP) for allowing investors to purchase mutual funds units using SBP's RAAST Payment Gateway. CDC has developed a…
Fatima Fertilizer, Pakistan's leading fertilizer manufacturing company, and Mastercard, a global technology company in the payments industry, have signed an agreement aimed at modernizing Pakistan's agricultural ecosystem by ensuring financial…
Mastercard has announced a strategic partnership with Euronet – an industry leader in processing secure electronic financial transactions – to bring Card-as-a-Service (CaaS) and Bank-as-a-Fintech (BaaF) solutions to Pakistan. The…
Pakistan listed banks profitability increased to record Rs163bn up 95% YoY in 3Q2023. This was primarily driven by significant jump in Net Interest Income (NII) amid high interest rates, and…
At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. The Committee noted that headline inflation rose in September 2023 as expected.…
Addressing a ceremony on "Promoting the use of RMB in Cross-Border Settlement" today, organized by ICBC Bank in the Jinnah Conventional Center Islamabad, Governor SBP Mr. Jameel Ahmad highlighted the…
Faysal Bank Limited (FBL), a leading Islamic bank in Pakistan, has recorded an operating profit of PKR 28 billion, an increase of almost 100% compared to last year. Net profit…
Highlights: Profit before tax of PKR 63.0 billion, up 73 per cent year on year Highest ever revenue of PKR 76.9 billion, growth of 70 per cent year on year…
In honor of World Breast Cancer Day, easypaisa, EFU Life Assurance Ltd., and Roche joined forces to unveil an innovative "Cancer Cover Plan." This pioneering initiative reflects the partners' unwavering…
The total liquid foreign reserves held by the country stood at US$ 12,655.6 million as of 20-Oct-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on October 26, 2023, approved the Bank's financial results for the period ending September 30, 2023. Bank…
BAHL has reported stellar 3QCY23 NPAT of PKR11.4bn (EPS: PKR10.24), more than double YoY and 50% QoQ. The result is much better than our estimated 3Q EPS of PKR7.90/sh, with…
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on October 25, 2023, reviewed performance of the Bank and approved…
NBP announced earnings (PAT) today for 3QCY23 at PKR 12.3bn (EPS: PKR 5.78), depicting an increase of 76% YoY while down 22% QoQ (3QCY22 EPS: PKR 3.29). While the rise…
HBL reported its 3QCY23 earnings at PKR 16.6bn (EPS: PKR 11.34), showing an impressive 44% YoY and 28% QoQ increase. The YoY earnings' increase was driven by the expansion of…
MCB has posted consolidated 3QCY23 NPAT of PKR19.6bn (EPS: PKR16.57), up 112% YoY and 34% QoQ. This takes 9MCY23 NPAT to PKR48.2bn (EPS: PKR40.70), up 134% YoY. The result is…
Mobilink Bank has signed a strategic partnership with BMA Capital Management Limited, one of Pakistan's oldest and top financial groups, welcoming the company as a 'Brand Ambassador Organization' to help…
PTCL Group, the largest ICT services provider in Pakistan refutes all claims and rumors regarding the financial health of U Microfinance Bank (Ubank) its wholly-owned subsidiary. Ubank is Pakistan's fastest-growing…
In order to facilitate the IT exporters to boost the exports of IT and IT enabled services, SBP has increased the permissible retention limit of IT exporters from 35% to…
The MPC is set to commence its next meeting on October 30, 2023, and we expect the SBP to hold the policy rate at 22% in this meeting. To recall,…