In a meeting held on August 29, 2025, the Board of Directors of The Bank of Punjab (BOP) reviewed and approved the un-audited financial statements, duly reviewed by the external auditors, for the first half of the year ended on June 30, 2025. The Board lauded the exceptional performance of the Bank, which not only […]
The State Bank of Pakistan (SBP) has introduced the Performance Evaluation System for Investment Abroad (PESIA), an online reporting framework designed to enhance efficiency and transparency in the monitoring of equity investments abroad (EIA). According to a circular issued on Friday, PESIA will serve as a centralized mechanism for Authorized Dealers (ADs) to report all […]
ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, announced its financial results for the half year ended June 30, 2025, at a Board of Directors meeting held in Islamabad. PTCL Group recorded a 16% year-on-year (YoY) revenue growth, maintaining its position as Pakistan’s premier integrated telecom services provider. Group […]
KARACHI: Faysal Bank Limited (FBL), one of the leading Islamic banks in Pakistan, has sustained its business momentum during the first half of 2025, reporting solid growth in deposits and profitability while further strengthening its market position. The Bank’s total deposits rose to PKR 1.2 trillion, marking a 19% increase over December 2024. Current account […]
27 August 2025, Karachi – HBL has joined hands with Mastercard in launching its Business Debit Card designed exclusively for SMEs – sole proprietors and entrepreneurs. Two card variants have been launched, Classic and World Business Debit Card. This initiative marks a major stride in the Bank’s commitment to enable Pakistan’s businesses with innovative financial solutions and […]
KARACHI: Bank AL Habib Limited (PSX: BAHL) announced its financial results for the half year ended June 30, 2025, reporting a profit after tax (PAT) of Rs19.79 billion, reflecting an 8.66% decline compared to Rs21.66 billion in the same period last year. Earnings per share (EPS) stood at Rs17.8, down from Rs19.49 in H1 2024, […]
KARACHI: Soneri Bank Limited announced its financial results for the half year ended June 30, 2025, following approval by the Board of Directors at its 211th meeting held in Karachi. The Bank posted a profit before tax (PBT) of Rs 6,685 million and profit after tax (PAT) of Rs 2,497 million, compared to Rs 6,519 […]
ISLAMABAD: The State Bank of Pakistan (SBP) is set to implement a Merchant Discount Rate (MDR) subsidy scheme aimed at boosting cashless transactions through Raast QR code-based payments at retail outlets. The initiative, backed by the federal government, has been allocated an annual subsidy of Rs3.5 billion to accelerate the shift from cash to digital […]
The State Bank of Pakistan, Banking Service Corporation (SBP BSC), and UN Women Pakistan have signed a Memorandum of Understanding (MoU) to enhance financial inclusion, literacy, and access to finance, focusing on women’s empowerment and gender equality. The signing ceremony, held in Karachi, was attended by Mr. Maraj Mahmood, Managing Director of SBP BSC, and […]
Bank of Khyber (PSX: BOK) announced a strong financial performance for the first half of 2025, with profit after tax jumping 117.09% to Rs3.37 billion, compared to Rs1.55 billion in the same period last year. Earnings per share rose to Rs2.91 from Rs1.34, reflecting a 117.16% increase. The bank’s total income rose 43.04% year-on-year to […]