KARACHI: BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, has reported a profit before tax (PBT) of PKR 8.95 billion for the first half of 2025, alongside the announcement of an interim dividend of PKR 1.50 per share (15%). The bank’s non-funded income surged by over 90%, offsetting the impact of declining policy rates and […]
Karachi, Pakistan – [Aug, 2025] — Neem, a leading embedded finance platform, has partnered with LAAM, Pakistan’s largest fashion marketplace, to enable seamless money movement across its ecosystem through Neem’s Wallet System and Payment Button solution. This partnership will enable LAAM to simplify seller payouts, collect digital payments from buyers, and issue instant refunds, all […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced a new category of Venture Capital Fund, titled “Angel Fund”, aimed at channeling investments into early-stage startups. In a notification issued on Monday, the SECP announced amendments to the Private Fund Regulations, 2015, to create the new structure. The Angel Fund is defined as […]
ISLAMABAD – Mobilink Bank, Pakistan’s leading digital microfinance bank, has successfully upgraded its core banking system, moving from Temenos’ R17 to the latest R23 release of the cloud-native core banking platform. The upgrade marks a major milestone in the Bank’s digital transformation journey and reinforces its commitment to technological innovation, operational excellence, and customer-centric banking. […]
The agency changes the outlook on long-term deposit ratings of all banks from positive to stable. ISLAMABAD: Moody’s Ratings (Moody’s) has upgraded to Caa1 from Caa2 the local and foreign-currency long-term deposit ratings of five Pakistani banks: Allied Bank Limited (ABL), Habib Bank Ltd. (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and […]
KARACHI: Systems Limited (PSX: SYS) has reported a profit after tax (PAT) of Rs. 2.65 billion (EPS: Rs. 1.81) for the second quarter of calendar year 2025 (2QCY25), up 59% compared to Rs. 1.67 billion (EPS: Rs. 1.15) in the same period last year. The surge in earnings was largely driven by higher technology services […]
ISLAMABAD – To increase the shareholders awareness and strengthening corporate governance, the Central Depository Company of Pakistan (CDC) and Pakistan Institute of Corporate Governance (PICG) have jointly developed Shareholder Agahi—an innovative digital portal designed to equip shareholders with the knowledge and tools needed to make informed, impactful decisions. This initiative has been undertaken under the […]
Karachi – The State Bank of Pakistan (SBP) has announced that it will launch its upgraded payment and settlement system, PRISM+, today, marking a major milestone in the country’s financial infrastructure. PRISM+ represents a significant leap forward in modernizing how money and government securities are moved and managed across Pakistan’s financial system. Built on the […]
Despite recent improvements in Pakistan’s macroeconomic indicators, the country continues to face deep-rooted structural challenges, with a persistently low domestic savings rate topping the list, cautioned State Bank of Pakistan (SBP) Governor Jameel Ahmad. Speaking at a seminar in Karachi on Monday, the central bank chief emphasized the urgent need to address this issue to […]
ISLAMABAD:JazzCash, Pakistan’s leading digital wallet, and EFU Life, one of the country’s premier life and health insurers, have partnered to launch a first-of-its-kind, end-to-end digital insurance journey set to reshape the way millions of Pakistanis access insurance. This strategic collaboration aims to simplify and digitize the entire insurance value chain from instant policy subscription to […]