Karachi, October 28, 2024 – JS Bank has announced strong financial results for the nine months ending September 30, 2024, with impressive growth across key performance metrics. The bank posted a standalone profit before tax of PKR 6.21 billion, a notable 33% increase from the same period last year. Profit after tax reached PKR 3.10 […]
Karachi, Pakistan – October 2024 – Faysal Bank Limited (FBL), a prominent player in Pakistan’s Islamic banking sector, has posted a strong financial performance for the nine months ending on September 30, 2024. The Bank reported a Profit After Tax (PAT) of PKR 19.8 billion, marking an impressive 64% increase from the same period last […]
Karachi – October 25, 2024: BankIslami Pakistan Limited continues its impressive growth trajectory, posting a 33.6% increase in profit before tax for the nine months ending September 2024. The bank’s profit before tax reached Rs. 19.9 billion, while its post-tax profit surged by 20.5%, reaching Rs. 10.2 billion. This strong performance comes despite challenging economic […]
Board declares Rs. 9.00 per share dividend; Total dividend reaches Rs. 27.00 per share for the nine months. MCB Bank Limited (MCB) has announced its financial results for the nine-month period ending September 30, 2024, demonstrating strong performance across all key financial indicators. The Bank’s Board of Directors, chaired by Mian Mohammad Mansha, approved the […]
KARACHI – United Bank Limited (UBL) has announced its financial results for the third quarter of 2024, posting a record profit of Rs. 18.3 billion, translating to earnings per share (EPS) of Rs. 14.96. This marks a significant 24 percent year-on-year (YoY) and quarter-on-quarter (QoQ) growth. According to Topline Securities, this is the highest-ever quarterly […]
In a significant move toward establishing a fully interest-free financial system in Pakistan, the Senate has passed the 26th Constitutional Amendment Bill, 2024, setting January 1, 2028, as the deadline for the elimination of Riba (interest-based banking). This landmark decision follows years of debate over the role of Islamic banking in the country’s economic framework. […]
Meezan Bank Limited (PSX: MEBL) reported strong financial results for the nine months ending September 30, 2024 (9MCY24), with earnings reaching Rs. 78.3 billion, marking an impressive 34% year-on-year (YoY) growth. The rise in profitability was driven by a significant increase in total income, as highlighted by Arif Habib Limited. For the third quarter of […]
ISLAMABAD: The State Bank of Pakistan (SBP) has forecasted real GDP growth of 2.5-3.5% for the fiscal year 2025, slightly below the government’s target of 3.6%, according to its Annual Report for 2023-2024, released on Thursday. In the report, titled The State of Pakistan’s Economy, the SBP highlighted that Pakistan’s macroeconomic conditions showed significant improvement […]
KARACHI, October 17, 2024 – Bank Alfalah Limited’s Board of Directors, in a meeting held today, approved the financial results for the nine-month period ending September 30, 2024, reflecting a strong performance across key metrics. The bank posted a profit after tax (PAT) of PKR 33.643 billion, marking a significant improvement of 23.5% compared to […]
KARACHI: The State Bank of Pakistan (SBP) will celebrate Women Entrepreneurship Day (WED) on November 19, 2024, with an event aimed at recognizing and promoting the vital role of women entrepreneurs in the country’s economy. The event will be inaugurated by SBP Governor Jameel Ahmad at the SBP headquarters and will gather top officials from […]