KARACHI: BankIslami, one of Pakistan’s fastest-growing Islamic banks, reported a profit before tax (PBT) of PKR 4.31 billion for the first half of 2026. The Bank’s deposit base crossed PKR 700 billion for the first time, reflecting 11.1 percent year-on-year growth and continued customer trust in its banking services. In the first half of 2026, […]
Islamabad, Pakistan — August 21, 2026: The Pakistan Virtual Assets Regulatory Authority (PVARA) has notified its Licensing Regulations and opened the licensing portal for virtual asset service providers (VASPs), completing the regulatory framework for licensing and supervision of the virtual asset sector in Pakistan. Issued under the Virtual Assets Act, 2026, the regulations establish 10 […]
The International Finance Corporation (IFC) and Bank Alfalah on Thursday signed a $100 million financing agreement under the Diversified Payment Rights (DPR) Programme, marking the first such transaction in Pakistan. The agreement was signed at the Ministry of Finance by Momina Aijazuddin, IFC’s Regional Industry Director, Financial Institutions Group for Middle East & Central Asia, […]
Google has officially opened its Pakistan office in Islamabad to expand the technology company’s local presence after more than a decade of investment and engagement in the country. Prime Minister Shehbaz Sharif inaugurated the office on Tuesday during a meeting with Google Vice President for Global Affairs Wilson L. White. US Chargé d’Affaires Natalie Baker also attended […]
New global fintech platform to begin operations from Pakistan, with plans to expand across emerging fintech markets worldwide LAHORE, PAKISTAN — August 13 2026: A group of fintech and industry professionals has signed an agreement to launch Nexus Fintech Forum, a global fintech industry platform that will begin its operations in Pakistan before expanding gradually […]
Karachi, Pakistan — Abdul Rahman Dhedhi, CEO of ARD Capital Management, is preparing to introduce ARD Trade Pro, positioned by the company as Pakistan’s First Most Advanced Trading Platform for the Pakistan Stock Exchange (PSX). Designed specifically for the new generation of Pakistani traders and investors, ARD Trade Pro aims to bring a more advanced, […]
KARACHI, Pakistan: Meezan Bank Limited has launched its new Cash & Cheque Deposit and Encashment Machine (CCDM) powered by TouchPoint’s QMatch Digital Platform, bringing cash deposits, cheque deposits, cheque encashment, and 24/7 Virtual Teller Assistance together through a single self-service banking solution. The new CCDM was launched at Meezan Bank’s Ayesha Masjid Branch in DHA, […]
The State Bank of Pakistan (SBP) has granted The Bank of Punjab (BOP) in-principle approval to establish an overseas wholesale banking unit in the Kingdom of Bahrain, marking a significant step in the bank’s international expansion strategy. The approval follows BOP’s earlier disclosure in July 2024 regarding its plans to establish a presence in Bahrain. […]
[Lahore: August 06, 2026] MCB Bank Limited is pleased to announce its financial results for the half year ended June 30, 2026, reflecting resilient performance supported by strong fundamentals, disciplined execution, and balance sheet strength amid a challenging macroeconomic environment. The Board of Directors of MCB Bank, under the Chairmanship of Mian Mohammad Mansha, reviewed […]
HBL declared a consolidated profit before tax of Rs 73.1 billion, and a profit after tax of Rs 34.5 billion for the half year ended June 30, 2026. EPS for H1’26 increased to Rs 23.51. Along with the results, the Bank declared an interim cash dividend for the second quarter ended June 30, 2026, at […]