KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a Profit Before Tax of PKR 11.7 billion in Q1 2026 compared to PKR 17.0 billion last period. Revenue was lower year on year primarily due to sharp reduction in interest rates. The impact of margin compression on revenue was partially offset […]
KARACHI: The Board of Directors of Soneri Bank Limited, in their 216th meeting held in Karachi on Monday, approved the Bank’s financial statements of the first quarter ended 31 March 2026. The Bank’s stable performance across all functional areas underscores its operational robustness. This was achieved despite the dual challenges of a declining interest rate […]
Karachi, Pakistan — April 28, 2026 — AGO today announced its official expansion into the Pakistan market, introducing its advanced AI-driven tools and Sales & Marketing services aimed at helping small and medium-sized enterprises (SMEs) connect with international clients, generate high-quality leads, and close deals more effectively. With a growing global footprint spanning four continents […]
Askari Bank Limited (AKBL) reported a profit after tax of Rs. 6.6 billion (EPS: Rs. 4.54) for 1QCY26, down 8 percent year-on-year (YoY) but up 37 percent quarter-on-quarter (QoQ). Alongside the results, the bank announced a dividend of Rs. 2 per share, bringing the payout ratio to 44 percent for the quarter. According to Arif […]
The Pakistan Virtual Assets Regulatory Authority (PVARA) has issued an advisory stating that any virtual asset pilot, partnership, or implementation involving users in Pakistan must obtain prior authorization before launch, according to a press release. The advisory follows recent public announcements by financial institutions regarding memoranda of understanding, pilot projects, and partnerships involving virtual assets, […]
LAHORE: The Bank of Punjab (BOP), one of Pakistan’s leading public sector commercial banks, has announced its financial results for the first quarter of 2026, posting exceptional growth across key performance indicators. The Bank’s Board of Directors approved the unaudited financial statements for the period ended March 31, 2026, highlighting robust financial performance driven by […]
KARACHI: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 23, 2026, approved the Bank’s financial results for the quarter ended March 31, 2026. The Board of the Bank also approved an interim cash dividend of PKR 1.5 per share (30 percent) [Mar 25 (restated): PKR 1.25 per share […]
[Lahore: April 23, 2026] MCB Bank Limited is pleased to announce its financial results for the quarter ended March 31, 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 and […]
Cursor, an AI code-generation startup co-founded by Pakistani-born Sualeh Asif, has secured a $60 billion acquisition deal with Elon Musk’s SpaceX, according to multiple reports on Thursday. Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that have drawn waves of developers by using artificial intelligence to automate coding, a business […]
Meezan Bank (MEBL) announced its 1Q2026 result today, where the bank recorded unconsolidated earnings of Rs. 23.4 billion (earnings per share of Rs. 13.0), up by 6 percent year-on-year (YoY) and 7 percent quarter-on-quarter (QoQ) The high profit was due to stronger-than-expected non-operating income, according to Topline Securities. Net spread slightly declined by 1 percent […]