Blinq and Bank Alfalah Forge Strategic Partnership to Revolutionize Business Financial Solutions In a groundbreaking move set to redefine the landscape of financial solutions for businesses, Blinq, the foremost B2B fintech innovator, has announced a strategic partnership with Bank Alfalah, a stalwart in the banking and finance sector. This partnership marks a significant leap forward […]
In a significant development, EduFi Financial Services Private Limited has obtained its Non-Banking Financial Company (NBFC) license from the Securities and Exchange Commission of Pakistan (SECP), marking a pivotal moment for the company and the education finance sector in Pakistan. This milestone achievement propels EduFi into an exciting phase as it formally launches its operations […]
JS Bank is delighted to announce its partnership with Inspiring Women to provide training in financial management, budgeting, and saving for girls and women. This collaboration is a pivotal aspect of JS Bank’s Her Entrepreneurial Community initiative, aimed at empowering female entrepreneurs with the necessary guidance and support for personal and business growth. Through this […]
MCB Bank Limited Declares Impressive First Quarter Results In a recent board meeting chaired by Mian Mohammad Mansha, MCB Bank Limited (MCB) reviewed its performance for the first quarter ending March 31, 2024, and approved condensed interim financial statements. The board declared a first interim cash dividend of Rs. 9.0 per share, reflecting a robust […]
Bank Alfalah Limited Reports Strong Financial Performance for Quarter Ended March 31, 2024 In a recent meeting held on April 24, 2024, the Board of Directors of Bank Alfalah Limited (BAFL) approved the bank’s financial results for the quarter ended March 31, 2024, showcasing robust growth and strategic resilience in challenging market conditions. The bank […]
Allied Bank Limited Reports 1QCY24 Earnings: Profit Up 51% YoY, Down 5% QoQ Allied Bank Limited (PSX: ABL) unveiled its financial results for the first quarter of the calendar year 2024 (1QCY24) today, showcasing a robust performance with a Profit After Tax (PAT) of Rs. 11.6 billion. This figure represents a noteworthy increase of 51 […]
U Microfinance Bank and Golootlo have entered into a significant partnership agreement aimed at providing exclusive discounts to U Microfinance Bank’s UnionPay debit cardholders. The agreement, signed on April 22, 2024, marks a pivotal step in enhancing customer benefits through leveraging Golootlo’s extensive network of over 30,000 merchants nationwide. The signing ceremony, held in Islamabad, […]
In a vibrant ceremony hosted at the Pakistan Stock Exchange (PSX), the listing of the Mahaana Islamic Index Exchange Traded Fund (MIIETF) was celebrated with notable dignitaries in attendance. Among the distinguished guests were Mr. Akif Saeed, Chairman of the Securities and Exchange Commission of Pakistan (SECP), and His Excellency Mr. Henrik Persson, the Ambassador […]
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 […]