In an announcement today, Habib Bank Limited (HBL) disclosed its impressive financial performance for the first quarter ended March 31, 2024. The bank’s consolidated profit before tax marked a notable surge, reaching Rs. 30.1 billion, representing a substantial 40 percent increase compared to the corresponding period last year. Moreover, profit after tax witnessed a commendable […]
In a significant development, The Bank of Punjab (PSX: BOP) has achieved official registration for its exchange company by the Securities and Exchange Commission of Pakistan (SECP). The bank disclosed this information to the main bourse on Monday, stating that the SECP has issued the Certificate of Incorporation to “BOP Exchange (Private) Limited,” which stands […]
In a strategic move aimed at bolstering service delivery, Waada has announced a significant collaboration with JazzCash, Pakistan’s leading fintech platform. This partnership marks a pivotal moment for both entities as they strive to enhance their offerings in the rapidly evolving financial technology landscape. Waada, renowned for its commitment to providing innovative solutions to its […]
Euronet Pakistan, a division of Euronet Worldwide (NASDAQ: EEFT), has secured a pivotal partnership with United Bank Limited (UBL) for credit card processing and POS driving services. Under this collaboration, UBL’s credit cards and POS terminals will migrate to Euronet’s PCI-compliant infrastructure, offering consolidated card management, tokenization, and acquiring services. The agreement, signed by senior […]
KTrade Securities, a prominent entity in Pakistan’s capital markets, has joined forces with Ansher Capital LLC, the largest investment bank in Uzbekistan, in a strategic partnership aimed at fostering cross-border investments. This collaboration targets markets in Saudi Arabia, Pakistan, and Uzbekistan, leveraging the expertise of both firms to provide comprehensive financial advisory and corporate finance […]
Meezan Bank Limited (PSX: MEBL) has disclosed a robust financial performance for the quarter ending March 31st, 2024 (1Q2024), with a profit after tax (PAT) reaching Rs. 25 billion, marking a substantial 65 percent increase year-on-year (YoY). According to Arif Habib Limited, the bank’s earnings were propelled by a YoY uptick in income. However, a […]
Mobilink Microfinance Bank, Pakistan’s leading digital microfinance institution, has announced a remarkable 97% increase in revenue during the first quarter of 2024 compared to the same period last year, setting the stage for a powerful start to the year. The bank’s Profit before Tax (PBT) also experienced significant growth, soaring by 110%. This robust financial […]
Telenor Microfinance Bank (TMB), the operator of Pakistan’s leading digital financial services platform easypaisa, has announced its financial results for the year ending December 31, 2023, showcasing a significant turnaround with a profit before tax amounting to PKR 1.2 billion. The impressive performance comes on the heels of securing the In-Principle Approval for a Digital […]
In a significant stride towards digitalization in the insurance sector, the Securities and Exchange Commission of Pakistan (SECP) has officially registered M/s Salaam Family Takaful Limited as the country’s pioneer digital family takaful operator. This milestone follows the implementation of a new registration regime, introduced via an amendment to the Insurance Rules, 2017, as notified […]
In a significant stride towards bolstering agricultural financing, Zaraee has announced a strategic collaboration with Bank Alfalah. The partnership aims to revolutionize access to loan facilities for farmers and agribusinesses through Zaraee‘s online platform, www.zaraee.pk. The Memorandum of Understanding (MOU) signing between Zaraee and Bank Alfalah signifies the formalization of their alliance, which is geared […]