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,…

MEBL announced earnings (PAT) today for 3QCY23 at PKR 25.8bn (EPS: PKR 14.42), depicting an increase of 123% YoY | 49% QoQ (3QCY22 EPS: PKR 6.46). This jump in overall…

The total liquid foreign reserves held by the country stood at US$ 12,912.9 million as of 13-Oct-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

U Microfinance Bank is pleased to announce the appointment of Mr. Mohamed Essa Al Taheri as the Acting President & CEO of U Bank. We welcome him onboard! Mr. Al…

Today marks a monumental day for freelancers across Pakistan. SadaPay, the fintech that launched a business account (SadaBiz) tailored for freelancers earlier this year, announces that SadaBiz users will now…

JS Bank, one of the fastest-growing banks in Pakistan, has announced a strategic partnership with Closet, a fashion rental marketplace. The partnership aims to provide reliable and robust financial services…

Mr. Hasanali Abdullah, Vice Chairman - EFU General Insurance Ltd., has received the Lifetime Achievement Award from the Insurance Association of Pakistan (IAP). This prestigious accolade is a testament to…

Daraz, Pakistan's leading e-commerce platform, has entered into a strategic long-term partnership with Meezan Bank, a pioneer in Islamic banking and a powerhouse in the banking industry. This collaboration is…

The flow of remittances from the Pakistani community in Dubai could increase manifolds through banking channels with the support of financial institutions, the dedicated government scheme, and community developers. Innovative…

Pakistan Credit Rating Agency (PACRA) has assigned an Asset Manager rating of 'AM2' (AM-Two) with a stable outlook to Pak-Qatar Asset Management Company Limited (PQAMC). This denotes a high quality,…

easypaisa, Pakistan's leading digital financial services platform has launched easypaisa Karobar powered by Dukan, a platform designed specifically to address unmet banking needs of two million retail merchants across the…

Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, met key international investors during events organized by global banks, including Barclays, JP Morgan, Standard Bank, and Jefferies on the sidelines…

The total liquid foreign reserves held by the country stood at US$ 13,030.1 million as of 06-Oct-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

Mobilink Bank, in collaboration with Vision-Building Future (VBF) and Shirakat Partnership for Development, was actively engaged in the European Union (EU) initiative, "Power to Youth." This strategic endeavour, funded by…

BankIslami, Pakistan's premier Islamic financial institution, has been awarded the prestigious runner-up position in the Best Islamic Bank category at the 20th Annual Excellence Awards, organized by the CFA Society…

JazzCash, Pakistan's leading fintech provider, has partnered with Meezan Bank, Pakistan's first and largest Islamic bank, to simplify remittance collection. Through this collaboration, customers around the globe can now send…