Karachi— Citi outlined a clear pathway to stronger and more durable returns at its 2026 Investor Day, highlighting the increasing strategic importance of its global network in driving future growth. Led by Jane Fraser, Chair and Chief Executive Officer, alongside the leaders of Citi’s five businesses and its Chief Financial Officer, Investor Day set out near‑ […]
GRAND-LANCY, Switzerland and COPENHAGEN, Denmark – May 12, 2026 – Temenos (SIX: TEMN), a global leader in banking technology, today announced that Habib Bank Limited (HBL), a leading financial institution in Pakistan, has successfully gone live with Temenos Core Banking in one of the region’s most ambitious modernization programs. The initial go-live supports Conventional and […]
Islamaba May 8, 2026 – easypaisa digital bank delivered a record-breaking quarter, further strengthening its leadership as Pakistan’s first digital retail bank. For the quarter ended March 31, 2026, the Bank reported a profit after tax (PAT) of PKR 1.49 billion and earnings per share (EPS) of Rs. 2.47, while profit before tax (PBT) reached […]
KARACHI: Allied Bank’s strategic emphasis on sound risk management, balanced portfolio diversification, and prudent capital allocation is strengthening its resilience. Coupled with a strong focus on digitalization and operational efficiency, this approach is enhancing customer value and sustainable growth. The Bank recorded markup up/interest income of Rs. 83,699 million for the quarter ended March 31, […]
KARACHI: JS Bank Limited on last Wednesday announced its financial results for the quarter ended March 31, 2026, reporting a profit before tax of Rs 2.175 billion and profit after tax of Rs 1.045 billion, translating into earnings per share (EPS) of Rs 0.51. JS Bank’s balance sheet showed moderate growth, with total assets reported […]
Pakistan’s digital payments ecosystem witnessed significant growth in 2025, with transactions processed through the State Bank of Pakistan’s instant payment system, RAAST, reaching nearly Rs. 50 trillion, according to the central bank’s latest Financial Stability Review. The report revealed that RAAST’s user base expanded to 48 million individuals, reflecting widespread adoption of instant digital payments […]
Lahore: Pakistan is taking decisive steps to regulate its rapidly growing digital asset ecosystem, as policymakers and industry experts convened at the Leadership Summit on Blockchain and Digital Assets hosted by the LUMS Centre for Digital Assets Research (CeDAR). The summit highlighted the urgent need for regulatory intervention, with officials revealing that nearly 40 million […]
Islamabad: Speaking at a panel discussion titled “How Digital Banks Can Thrive in the New Era?” at Money20/20 Asia in Bangkok, alongside digital banking executives and industry leaders, Farhan Hassan, Chief Digital Officer at easypaisa digital bank, said Pakistan’s digital banking transformation has been driven by a series of regulatory, technological, and market-led interventions rather […]
Nova Finance has announced the launch of Salary On Time, a payroll financing solution designed to help businesses manage short-term cash flow challenges while ensuring timely salary disbursements for employees. The launch comes amid growing recognition of working capital constraints faced by businesses across industries. Delayed receivables, fluctuating demand cycles, and operational costs often create […]
Lahore, May 04, 2026 – Jubilee Life Insurance, the country’s largest private sector insurance company, Kashf Foundation and United Nations Development Programme (UNDP) jointly launch the “Khushal Mustaqbil Takaful (KMT),” an innovative micro-savings and protection product designed to strengthen the financial resilience of women from underserved communities. The strategic collaboration was formalized at the Kashf […]