Islamabad: Speaking at a panel discussion titled “How Digital Banks Can Thrive in the New Era?” at Money20/20 Asia in Bangkok, alongside digital banking executives and industry leaders, Farhan Hassan, Chief Digital Officer at easypaisa digital bank, said Pakistan’s digital banking transformation has been driven by a series of regulatory, technological, and market-led interventions rather […]
Nova Finance has announced the launch of Salary On Time, a payroll financing solution designed to help businesses manage short-term cash flow challenges while ensuring timely salary disbursements for employees. The launch comes amid growing recognition of working capital constraints faced by businesses across industries. Delayed receivables, fluctuating demand cycles, and operational costs often create […]
Lahore, May 04, 2026 – Jubilee Life Insurance, the country’s largest private sector insurance company, Kashf Foundation and United Nations Development Programme (UNDP) jointly launch the “Khushal Mustaqbil Takaful (KMT),” an innovative micro-savings and protection product designed to strengthen the financial resilience of women from underserved communities. The strategic collaboration was formalized at the Kashf […]
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 […]