Systems Limited (SYS), Pakistan’s largest listed technology company, reported a profit after tax of Rs. 3.03 billion for the first quarter of calendar year 2026, translating into earnings per share of Rs. 2.05, compared with a profit of Rs. 2.5 billion and earnings per share of Rs. 1.71 in the same period last year. According […]
Some stories are about growth. Others are about survival. But once in a generation, a story emerges about resurrection. When TPL and Abhi came together to enter the banking space, we were not searching for an easy acquisition. We were stepping into one of the most difficult institutional recovery challenges in Pakistan’s financial sector. FINCA […]
KARACHI: ABHI Microfinance Bank Limited closed 2025 with a profit after tax of PKR 1.019 billion (highest ever in the bank’s history), compared to a loss of PKR 1.754 billion in 2024, marking a sharp recovery in the Bank’s financial performance leading to a PKR 2.773 billion profitability swing in just one year after many […]
Karachi: BankIslami has launched its fully homegrown Finance Origination and Credit Underwriting System (FOCUS), a new platform aimed at digitalising and accelerating the customer financing journey through AI-driven automation. The platform reengineers the bank’s credit underwriting process from initiation to disbursement, replacing manual procedures with a standardised and automated framework implemented across all branches. According […]
In a key corporate development, Engro Holdings Limited, one of Pakistan’s largest business conglomerates, has appointed Hussain Dawood as Chairman of the Board and Abdul Samad Dawood as Chief Executive Officer. The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. “This is to inform you that following […]
KARACHI: Karandaaz Pakistan and digital payments enablement company Tapsys have entered into a strategic partnership aimed at accelerating digital payment adoption among up to 10,000 micro and small merchants across Pakistan under the Raast Merchant Onboarding & Facilitating Entities (RMOFE) programme. Under the agreement, the two organisations will collaborate on merchant onboarding, activation, and deployment […]
Partnerships spanning AI, cloud solutions, healthcare, SME enablement and digital payments aim to accelerate Pakistan’s digital transformation Hangzhou, China, 24 May 2026 – The Government of Pakistan and Alibaba have signed a series of Memoranda of Understanding (MoUs) covering artificial intelligence (AI), cloud solutions, digital skills, healthcare technology, e-commerce, SME development, and digital financial services, […]
Empowering Exporters with The Agentic Business Team for SMEs Lahore/Sialkot, May 22, 2026 – Alibaba.com, a leading global B2B e-commerce platform, today announced the launch of Accio Work in Pakistan, positioned as the Agentic Business Team for SMEs. This launch marks a significant shift in digital trade, providing small and medium-sized exporters with an autonomous, […]
HBL has announced that it acted as Financial Advisor in connection with the successful issuance of the inaugural Panda Bond of the Government of Pakistan, marking the country’s debut in China’s domestic bond market. The inaugural Panda Bond, structured as a Sustainable Development Bond, is aimed at financing National Priority Projects with significant economic, social, […]
BankIslami, one of Pakistan’s fastest growing Islamic financial institutions, has signed a Memorandum of Understanding with the Export-Import Bank of Pakistan (EXIM Bank), marking Pakistan’s first Shariah-compliant trade and export finance partnership of its kind. The collaboration aims to strengthen the country’s trade finance framework and expand access to Riba-free financial solutions across Pakistan. The […]