Bank Alfalah, one of Pakistan’s largest banks in Pakistan, has partnered with Ahya Technologies (“Ahya”), to deliver a suite of AI-powered software and strategic advisory services geared to accelerate Bank Alfalah’s green-banking and sustainable finance transition. As the demand for sustainable finance across Pakistan reaches a critical inflection point, the OICCI reports that the country […]
United Bank Limited (UBL) (PSX: UBL) reported a consolidated profit after tax (PAT) of Rs. 85.9 billion for the first half of 2026 (H1 2026), reflecting a 33% year-on-year (YoY) increase, supported by record deposit growth and strong non-interest income. The bank posted earnings per share (EPS) of Rs. 34.30 during the six-month period. For […]
Standard Chartered Bank (Pakistan) Limited has appointed Adil Salahuddin as its new Chief Executive Officer (CEO) and Director, succeeding Rehan Shaikh, according to a notification submitted to the Pakistan Stock Exchange (PSX) on Monday. The appointment was approved by the Bank’s Board of Directors and will become effective upon obtaining the necessary regulatory approvals and […]
Bank Alfalah secures USD 50 million from BII to fund climate mitigation and adaptation projects across Pakistan. BII will also provide technical assistance to help identify and deploy financing toward high-impact climate projects. Pakistan is highly vulnerable to climate change, making private sector capital in resilience and sustainability critical. London, Karachi, July 10, 2026: Bank Alfalah […]
Karachi, Pakistan – 7 July, 2026 — A consortium of banks, managed by The Bank of Punjab, together with InfraZamin Pakistan Limited, today announced the successful financial close of a PKR 4.76 billion 10-year Islamic Syndicated Term Finance Facility for Air Link Communication Limited and Select Technologies Limited. The financing consortium comprises Askari Bank Limited, […]
The State Bank of Pakistan (SBP) has relaxed the process for converting conventional bank branches into Islamic banking branches by shortening the mandatory public notification period and reducing the interval between notices issued to current account holders. According to revised criteria issued by the central bank, the changes have taken immediate effect and are aimed […]
Karachi— Citi outlined a clear pathway to stronger and more durable returns at its 2026 Investor Day, highlighting the increasing strategic importance of its global network in driving future growth. Led by Jane Fraser, Chair and Chief Executive Officer, alongside the leaders of Citi’s five businesses and its Chief Financial Officer, Investor Day set out near‑ […]
GRAND-LANCY, Switzerland and COPENHAGEN, Denmark – May 12, 2026 – Temenos (SIX: TEMN), a global leader in banking technology, today announced that Habib Bank Limited (HBL), a leading financial institution in Pakistan, has successfully gone live with Temenos Core Banking in one of the region’s most ambitious modernization programs. The initial go-live supports Conventional and […]
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 […]