Allied Bank has achieved a major milestone in customer centric innovation by becoming the first bank in Pakistan to deploy an AI powered humanoid robot, “Pepper.” This initiative reflects Allied Bank’s commitment to enhancing in-branch experiences through smarter, more engaging, and digitally enabled customer interactions. Pepper will support customers by addressing common queries, guiding them […]
National Bank of Pakistan (NBP) has embarked on the journey towards integration of technology systems via new Enterprise Service Bus (ESB) platform. The signing ceremony was held at NBP Head office, graced by Mr. Shaikh Ausaf Ahmed, Chief Technology Officer (A) from NBP and Mr. Amin ul Hafeez, CEO Arcana Info Pvt Ltd. This upgrade […]
Bank Makramah Limited (BML) has announced its financial results for the year ended December 31, 2025, delivering a landmark financial recovery with Pre Tax Profit of PKR 19 Billion and a total turnaround of PKR 26.35 Billion compared to the previous year. Profit after tax also stood positive at Rs. 8.79 Billion against loss of […]
ISLAMABAD: ACE Money Transfer, one of the leading global remittance service providers, has entered into a strategic partnership with Askari Bank to expand and strengthen legal and digital remittance channels into Pakistan. The collaboration was formalised through a signing ceremony held here on Thursday, attended by senior leadership from both financial institutions. This partnership further […]
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 […]
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 […]
Faysal Bank Limited (FBL) demonstrated resilient financial performance, on a standalone basis, reporting Profit Before Tax (PBT) of PKR 47 billion and net profit of PKR 21.7 billion translating into Earnings Per Share PKR 14.30. The Bank also declared a final cash dividend of Rs 2 per share, i.e. 20%. This results in a cumulative cash dividend payout of Rs 6.5 […]
As part of its Vision 2028 agenda, the SBP today announced the launch of “Cyber Shield – the Cyber Resilience Strategy for Regulated Entities”, a major initiative aimed at strengthening the safety and robustness of the country’s banking and financial system. The strategy is designed to better protect banks and financial institutions from cyber threats, […]