ISLAMABAD, April 17: The Special Committee on Gender Mainstreaming has commended the State Bank of Pakistan (SBP) for its significant initiatives to promote women’s empowerment through the “Banking on Equality” policy, which aims to reduce the gender gap in financial inclusion. The committee, however, urged the central bank to introduce practical measures for easing account […]
KARACHI – Faysal Bank Limited (FBL) has officially announced the termination of discussions regarding the potential acquisition of Ithmaar Holding B.S.C.’s financing and investment portfolio. In a notice submitted to the Pakistan Stock Exchange (PSX) on Wednesday, Faysal Bank confirmed that Ithmaar Holding, the sponsor shareholder of FBL, along with GFH Financial Group B.S.C., have […]
Digitt+ is pleased to announce a major milestone in Pakistan’s agricultural and financial sectors. AFT, in collaboration with Naymat Collateral Management Company, is launching the country’s first-ever Electronic Warehouse Receipt (EWR) for sugar, integrated with digital payments. This initiative will empower farmers with access to formal financing, allowing them to secure up to 70% of […]
KARACHI – April 17, 2025 — Soneri Bank Limited announced its financial results for the quarter ended March 31, 2025, following the approval of its condensed interim financial statements by the Board of Directors at its 210th meeting held in Karachi. The Bank reported a Profit Before Tax (PBT) of Rs 3.34 billion and Profit […]
Karachi, April 16, 2025 — United Bank Limited (UBL) has announced its financial results for the first quarter of 2025, posting an all-time high quarterly profit of Rs. 36 billion, translating into an earnings per share (EPS) of Rs. 28.9. This marks a 126% year-on-year (YoY) and 39% quarter-on-quarter (QoQ) surge in profitability, significantly outpacing […]
DigiTrends, a leading player in digital transformation, has obtained its official company registration in KSA and is joining the ranks of pioneering companies in the Kingdom. This milestone was marked in the esteemed presence of Pakistani Ambassador Mr. Ahmad Farooq, First Secretary Mr. Shafiq Ahmed, and key members of the DigiTrends leadership team—CEO Samad Saleem, […]
Karachi, April 14, 2025 — The Pakistan Stock Exchange (PSX) proudly launched Pakistan Financial Literacy Week 2025 (PFLW 2025) with a symbolic Gong Ceremony at the PSX Trading Hall, marking the beginning of a nationwide campaign to promote financial literacy and inclusion. Organized in collaboration with the State Bank of Pakistan (SBP), Securities and Exchange […]
KARACHI – April 14, 2025: Pakistan received a record-high $4.1 billion in workers’ remittances during March 2025, according to State Bank of Pakistan (SBP) Governor Jameel Ahmad. The figure marks the highest-ever monthly inflow in the country’s history. Speaking at the Pakistan Stock Exchange (PSX) on Monday to kick off Financial Literacy Week, Governor Ahmad […]
Lahore, Pakistan – In a groundbreaking move to strengthen education in emerging digital technologies, the Lahore University of Management Sciences (LUMS) has announced a strategic partnership with Binance, the world’s leading blockchain ecosystem and digital asset infrastructure provider. This collaboration aims to unlock transformative opportunities in blockchain, Web 3.0, and digital assets through focused training, […]
Despite policy rate volatility and economic challenges, Pakistan’s banking sector concluded 2024 with impressive profitability and asset growth. Overall bank profits crossed Rs. 600 billion, while tax contributions exceeded Rs. 650 billion, reflecting the sector’s robust fiscal impact. Throughout the year, higher deposit rates attracted extraordinary inflows of funds, albeit triggering increased tax liabilities due […]