KARACHI: BankIslami, one of Pakistan’s fastest-growing Islamic banks, reported a profit before tax (PBT) of PKR 4.31 billion for the first half of 2026. The Bank’s deposit base crossed PKR 700 billion for the first time, reflecting 11.1 percent year-on-year growth and continued customer trust in its banking services. In the first half of 2026, […]
The International Finance Corporation (IFC) and Bank Alfalah on Thursday signed a $100 million financing agreement under the Diversified Payment Rights (DPR) Programme, marking the first such transaction in Pakistan. The agreement was signed at the Ministry of Finance by Momina Aijazuddin, IFC’s Regional Industry Director, Financial Institutions Group for Middle East & Central Asia, […]
KARACHI, Pakistan: Meezan Bank Limited has launched its new Cash & Cheque Deposit and Encashment Machine (CCDM) powered by TouchPoint’s QMatch Digital Platform, bringing cash deposits, cheque deposits, cheque encashment, and 24/7 Virtual Teller Assistance together through a single self-service banking solution. The new CCDM was launched at Meezan Bank’s Ayesha Masjid Branch in DHA, […]
The State Bank of Pakistan (SBP) has granted The Bank of Punjab (BOP) in-principle approval to establish an overseas wholesale banking unit in the Kingdom of Bahrain, marking a significant step in the bank’s international expansion strategy. The approval follows BOP’s earlier disclosure in July 2024 regarding its plans to establish a presence in Bahrain. […]
[Lahore: August 06, 2026] MCB Bank Limited is pleased to announce its financial results for the half year ended June 30, 2026, reflecting resilient performance supported by strong fundamentals, disciplined execution, and balance sheet strength amid a challenging macroeconomic environment. The Board of Directors of MCB Bank, under the Chairmanship of Mian Mohammad Mansha, reviewed […]
HBL declared a consolidated profit before tax of Rs 73.1 billion, and a profit after tax of Rs 34.5 billion for the half year ended June 30, 2026. EPS for H1’26 increased to Rs 23.51. Along with the results, the Bank declared an interim cash dividend for the second quarter ended June 30, 2026, at […]
TouchPoint (Pvt) Ltd has announced that it now supports more than 1,300 Cash Deposit Machines (CDMs) for leading banks across Pakistan, marking a significant milestone in the country’s self-service banking ecosystem. The achievement is powered by Qmatch, TouchPoint’s digital self-service banking platform, which enables secure cash deposit transactions, real-time processing, and centralized management of self-service […]
DIB Pakistan and Systems Limited announced the signing of a Core Banking System (CBS) implementation agreement. Under this agreement, DIB Pakistan will migrate its core banking system from Oracle Flexcube to the Temenos’ Transact cloud- native platform, with Systems Limited leading the implementation as a certified Temenos partner and trusted banking transformation specialist. The CBS […]
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 […]