ISLAMABAD: Empowering Small and Medium Enterprises (SMEs) is vital to Pakistan’s socio-economic growth, and microfinance has a pivotal role to play in enabling that empowerment. By expanding access to finance and supporting small entrepreneurs, we can build a stronger ecosystem that drives sustainable economic progress. These views were shared by Haaris Mahmood Chaudhary, President & […]
HBL today declared a record profit before tax of Rs 112.2 billion for the first nine months of 2025, 31% higher than in the same period last year. Despite higher tax rates burdening the banking sector, profit after tax increased 19% to Rs 51.4 billion. EPS for 9M’25 improved to Rs 34.97 from Rs 30.03 […]
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on October 22, 2025, approved the Bank’s financial results for the nine-month period ended September 30, 2025. Bank Alfalah posted profit after tax (PAT) of PKR 21.44 billion for the nine-month period ended September 30, 2025, resulting in earnings per share of […]
KARACHI: Senior representatives from the State Bank of Pakistan (SBP) and commercial banks have underscored the need for deeper collaboration between regulators, banks, and technology partners to accelerate Islamic and digital banking transformation in Pakistan. Speaking at “NextGen Islamic Banking in Pakistan – 2025,” an exclusive forum hosted by TMC Pvt. Ltd. and Azentio Software […]
KARACHI: The Board of Directors of Soneri Bank Limited, in their 212th meeting held in Karachi on 22 October 2025, approved the Bank’s condensed interim financial statements for the nine months ended 30 September 2025. The results demonstrate stable and persistent performance despite declining interest rates. The Bank posted profit before tax (PBT) of Rs […]
Lahore – October 23, 2025: The Board of Directors of MCB Bank Limited (MCB), in its meeting held under the Chairmanship of Mian Mohammad Mansha, reviewed the Bank’s performance and approved the condensed interim financial statements for the nine months ended September 30, 2025. The Board declared a third interim cash dividend of Rs. 9.00 […]
KARACHI: National Bank of Pakistan (NBP) and the National Clearing Company of Pakistan Limited (NCCPL) have signed a memorandum of understanding (MoU) to expand collaboration between the banking sector and capital market. Through this MoU, NBP aims to drive collaborative innovation across the banking and capital market landscape, reinforcing its commitment to inclusive growth, sustainable […]
JS Bank, one of the fastest growing banks in Pakistan, has signed a Margin Trading System (MTS) agreement with the National Clearing Company of Pakistan Limited (NCCPL) to further strengthen its participation in the country’s capital market. This partnership aims to enhance market liquidity, broaden the investor base, and improve overall efficiency through innovative solutions. […]
Governor State Bank of Pakistan (SBP), Jameel Ahmad, has announced a substantial rise in women’s financial inclusion in Pakistan, with the number of active bank accounts held by women increasing from 20 million to 37 million since the launch of the Banking on Equality policy in 2021. Speaking at the World Bank Headquarters in Washington […]
ISLAMABAD: Telenor Pakistan has introduced a WhatsApp-based SIM purchase replacement and bundle subscription service, redefining how customers experience mobile connectivity. This innovative service reflects Telenor Pakistan’s focus on customer convenience, offering a simple, secure, and contactless way to get a SIM — without visiting a retail outlet. Customers can now buy new SIMs, replace lost […]