For half year ended June 2022, the Bank achieved 155% increase in its operating profit before provisions and reported Rs. 4.1 billion as compared to Rs. 1.6 billion in the…
State Bank of Pakistan (SBP) has assigned annual agriculture credit disbursement target of Rs1,800 billion to the financial institutions for FY23 to cater to the agriculture credit demand in the…
Adamjee Insurance Pakistan's Leading Insurance Company announced that it had signed an agreement with Sehat Kahani, a leading telemedicine platform aiming to provide health care (OPD) services as value added…
Meezan Bank and Samba Bank in collaboration with the Embassy of Pakistan in Bahrain hosted a reception at the Gulf Hotel, Manama - Bahrain by inviting prominent Non-Resident Pakistanis and…
Pakistan's largest Digital Bank, Mobilink Microfinance Bank's (MMBL) efforts to promote digital and financial inclusion across Pakistan, were recognized at the recent 5th edition of the Leaders in Islamabad Business…
As per the latest data compiled by SBP, in Jul'22 Current Account recorded a deficit of USD1.2bn as compared to USD851mn in the SPLY while on a sequential basis deficit…
MCB held its conference call today whereby they discussed the banks' financials and its future outlook. The call was led by the CFO Mr. Hammad Khalid. Brief Takeaways · MCB…
Mastercard and LMK Resources Pakistan (Private) Limited (LMKR) have formalized a strategic partnership to oversee the implementation of the country's first open-loop transit payment solution in a bid to further accelerate Pakistan's…
HBL will provide Multinet with 7-year long-term funding of PKR 2.1 billion (US$10.1 million) for its 'Digital Infrastructure Facility' backed by a PKR 1.57 billion (US$7.6 million) credit risk guarantee…
SBP has kept the policy rate unchanged as domestic demand has started to moderate and recent trade data points toward improving external account. The pause after 800bps of hike since…
The total liquid foreign reserves held by the country stood at US$ 13,613.3 million as of 12-Aug-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Allied Bank Limited (ABL) announced its 1HCY22 results today where the bank reported consolidated NPAT of PkR6.8bn (EPS: PkR5.96) compared to PkR8.9bn (EPS: PkR7.75) in the same period last year.…
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on August 17, 2022, reviewed the performance of the Bank and…
Workers' remittances recorded an inflow of US$2.5 billion during July 22, continuing their record streak of above $2 billion for the 26 consecutive months. In terms of growth, during…
President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees has informed that the State Bank of Pakistan (SBP) has agreed to release all the containers which arrived at the…
Pak-Qatar General Takaful Limited (Part of Pakistan's Pioneer and the largest Takaful Group) recently signed an agreement with The Institute of Chartered Accountants (a professional accountancy body in Pakistan) in…
The Board of Directors of Meezan Bank approved the financial statements of the Bank for the half year ended June 30, 2022. The meeting was chaired by Mr. Riyadh S.A.…
Executive Director Development Finance Group (DFG) Mr. Samar Hasnain has reiterated that the Mera Pakistan Mera Ghar (MPMG) Scheme is not shut down permanently and the government has decided to…
In continuation of steps taken for ease of doing business, State Bank of Pakistan (SBP) has automated the verification of refinance claims under the Export Finance Scheme (EFS). Automated verification…
An IT Technology workshop was organized by Huawei Pakistan for National Bank of Pakistan (NBP) during which Huawei regional experts presented various SDN solutions for Enterprise networks and how those…
The monetary policy committee of SBP will convene on Monday (August 22, 2022). We expect SBP to keep the policy rate unchanged at 15% in the upcoming monetary policy. To…
Bank Alfalah Limited is pleased to announce that it has been ranked as No. 1 Primary Dealer for government securities by the State Bank of Pakistan ("SBP") for fiscal year…
Meezan Bank Limited (MEBL) announced its 1HCY22 results today where the bank reported consolidated NPAT of PkR17.1bn (EPS: PkR10.5) compared to PkR12.7bn (EPS: PkR7.8) in the same period last year.…
Standard Chartered Bank Pakistan Limited (SCBPL) has recently pioneered special Braille Inclusive Banking Forms, for the convenience of visually impaired citizens. Unlike, traditional braille forms where the content is only…
The State Bank of Pakistan (SBP), in collaboration with Pakistan Telecommunication Authority (PTA) and UK's Foreign, Commonwealth and Development Office (FCDO), unveiled the mass media campaign for Asaan Mobile Account…
