The Saudi National Bank (SNB), the majority shareholder of Samba Bank Limited, has received an offer from Najd Gateway Holding Company to acquire SNB’s entire shareholding in Samba Bank Pakistan, representing approximately 84.51% of the bank’s issued shares. Samba disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “The Saudi […]
Karachi, 4th December 2025: Meezan Bank, Pakistan’s leading Islamic bank and one of the largest banks in the country, has been awarded the top distinction at the 40th Corporate Excellence Awards hosted by the Management Association of Pakistan (MAP). With this recognition, the Bank has maintained its standing as the ‘Best Company in the Financial Category’ for the fourth consecutive […]
Wateen Telecom has announced a strategic partnership with The Bank of Punjab (BOP) to jointly establish an Artificial Intelligence (AI) Factory, a transformative initiative aimed at accelerating digital transformation and AI-driven innovation across Pakistan’s banking industry. The agreement was formalized during a signing ceremony attended by senior leadership from both organizations, including Mr. Adil Rashid, […]
Standard Chartered Bank Pakistan and the International Finance Corporation (IFC), a member of the World Bank Group, have announced a new USD 400 million risk-participation facility aimed at expanding short-term trade and working capital financing for major Pakistani corporations and exporters. The initiative is expected to strengthen Pakistan’s foreign exchange inflows and support sustainable economic […]
TouchPoint has taken a major step in its international expansion with the successful deployment of CADEPO – its advanced Cash & Cheque Deposit Solution powered by QMatch – at Exim Bank, Djibouti (SA). The implementation was supported by SPS Cash Handling Solutions, a valued partner of TouchPoint, while all hardware and software powering the solution […]
Allied Bank Limited, one of Pakistan’s leading financial institutions, recently concluded a series of awareness activities to highlight the benefits of its Warehouse Facility, a groundbreaking solution to help agricultural enterprises overcome challenges in accessing conventional financing. Allied Warehouse Facility enables millers, traders,farmersor agricultural enterprises to support working capital needs by offering their stock as security […]
United Bank Limited (UBL) has extended a Rs. 25 billion bilateral financing facility to Telenor Pakistan, marking the telecom operator’s first locally secured borrowing since it began operations in the country. The financing agreement was formalized at Telenor Pakistan’s headquarters in Islamabad, where the documents were signed by the company’s Chief Financial Officer, Andreas Högberg, […]
KARACHI: The Bank of Punjab (BOP) reported sustained gains in profitability, margins, and balance sheet strength at its Analyst briefing held on Friday for institutional investors & research analysts, underscoring the continued progress of its multi-year turnaround. The session was led by President & CEO Zafar Masud, accompanied by Chief Financial Officer Nadeem Amir and […]
Karachi: Faysal Bank Limited (FBL) has won the award for Pakistan’s Best Bank (mid-sized) at the 10th Pakistan Banking Awards, reaffirming its leadership in Islamic banking and its commitment to innovation, excellence, and customer-centric growth. As one of Pakistan’s leading Islamic Bank, with an expanding network of nearly 900 branches nationwide, Faysal Bank’s recognition as […]
Karachi, 12th November: Meezan Bank, Pakistan’s leading Islamic bank, has been declared the winner of the ‘Best Bank of the Year – Large Size Banks’ award by the CFA Society Pakistan, a member society of the CFA Institute, USA, at its 22nd Annual Excellence Awards held recently in Karachi. This marks the sixth consecutive year that […]