KARACHI: Allied Bank’s strategic emphasis on sound risk management, balanced portfolio diversification, and prudent capital allocation is strengthening its resilience. Coupled with a strong focus on digitalization and operational efficiency, this approach is enhancing customer value and sustainable growth. The Bank recorded markup up/interest income of Rs. 83,699 million for the quarter ended March 31, […]
KARACHI: JS Bank Limited on last Wednesday announced its financial results for the quarter ended March 31, 2026, reporting a profit before tax of Rs 2.175 billion and profit after tax of Rs 1.045 billion, translating into earnings per share (EPS) of Rs 0.51. JS Bank’s balance sheet showed moderate growth, with total assets reported […]
Pakistan’s digital payments ecosystem witnessed significant growth in 2025, with transactions processed through the State Bank of Pakistan’s instant payment system, RAAST, reaching nearly Rs. 50 trillion, according to the central bank’s latest Financial Stability Review. The report revealed that RAAST’s user base expanded to 48 million individuals, reflecting widespread adoption of instant digital payments […]
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 […]