Karachi, April 18, 2025 — Bank Alfalah Limited (BAFL) announced its financial results for the quarter ended March 31, 2025, reporting a profit after tax of PKR 7.040 billion. The earnings translate into an Earnings Per Share (EPS) of PKR 4.46. The bank’s Board of Directors, in a meeting held on April 17, 2025, also […]
Source: Business Recorder AI fintech Metric announced a seven figure seed round to grow their offering across the Gulf region and Asia. The company told Business Recorder it is not revealing the exact amount at this stage. Founded in 2022 by Pakistani couple Meenah Tariq and Omar Parvez, along with the company’s CTO Dr Habiba, Metric said in a statement […]
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 […]