LAHORE: MCB Islamic Bank Limited has appointed Hammad Khalid as its new President and Chief Executive Officer. The Board of Directors of MCB Islamic Bank has approved Khalid’s appointment in line with its strategic vision and governance framework. His appointment reflects the Bank’s commitment to strengthening leadership and driving sustainable growth in an evolving financial […]
KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a profit before tax of Rs 58.5 billion compared to Rs 100.6 billion last year. Revenue was lower year on year primarily due to sharp reduction in interest rates. The impact of margin compression on revenue was partially offset by a decrease […]
Islamabad, February 26 – Pakistan is well positioned to capture growth in the global IT market, particularly in the GCC and North American Regions. Usman Asif, Global CEO, Devsinc says that the worldwide IT market is projected to exceed USD 6 trillion in 2026, and AI alone expected to add USD 4.4 trillion to global […]
Telenor Pakistan has launched an industry-first QR-enabled SmartShop initiative, reshaping how customers access telecom services across modern trade and unconventional retail channels. Smart-Shops solution transform partner shops into fully digital service points, allowing customers to buy SIMs and activate bundles through a simple QR scan. This solution gives modern trade & unconventional channel partners an […]
SANSO – A German-based global manufacturing, R&D, and technology organization, has formally signed a strategic Memorandum of Understanding (MoU) with the “Commission on Science and Technology for Sustainable Development in the South (COMSATS)”. The collaboration establishes a multilateral framework for advancing “Secure Fintech infrastructure by SansoPay, Encrypted communication ecosystems by LetsTalkh, Premium secure smart devices […]
Pakistan has taken a major step toward regulating digital finance after the Standing Committee on the Cabinet Secretariat of the Senate on Wednesday unanimously approved the Virtual Assets Bill 2025 to bring virtual assets within the country’s formal legal and regulatory framework. The move seeks to strengthen investor protection, enhance transparency, and ensure effective oversight […]
KARACHI: United Bank Limited (UBL) has announced its calendar year 2025 (CY25) financial results, posting its highest-ever annual profit of Rs. 130 billion, translating into earnings per share (EPS) of Rs. 51.9, reflecting a robust 73 percent year-on-year (YoY) growth. On a quarterly basis, the bank reported a profit of Rs. 29.9 billion (EPS: Rs. […]
National Bank of Pakistan reported a record profit of Rs. 85 billion for the calendar year 2025, marking a 227 percent increase and the highest ever profit in its history. The bank also announced its highest ever dividend of Rs. 35 per share, up sharply from Rs. 8 in the previous year. The strong performance […]
The Bank of Punjab (BOP) has approved a capital injection of Rs. 1 billion into its subsidiary, BOP Exchange Private Limited. The decision was taken by the bank’s Board of Directors in a meeting held on February 17, 2026, according to an official disclosure submitted to the Pakistan Stock Exchange. The additional investment is intended […]
KARACHI: The Pakistan Virtual Assets Regulatory Authority (PVARA) on Friday announced approval and launch of a regulatory sandbox for virtual assets. The announcement, shared on the authority’s social media platforms said PVARA “has formally approved and launched its regulatory sandbox for virtual assets.” It adds that the “sandbox creates a live, supervised environment for testing […]