Karachi, October 16, 2024 – Soneri Bank Limited’s Board of Directors, in their 207th meeting held in Karachi, approved the Bank’s condensed interim financial statements for the nine-month period ending September 30, 2024. The results underscore consistent and sustained growth across all areas of the Bank’s operations. Soneri Bank reported a profit before tax (PBT) […]
HBL has announced a consolidated profit before tax of Rs 85.9 billion for the first nine months of 2024, marking a 3% increase compared to the same period last year. The bank’s strong performance, driven by its domestic businesses and steady international growth, led to a profit after tax of Rs 43.3 billion. Earnings per […]
KARACHI, October 15, 2024 — Standard Chartered Pakistan has entered into a strategic partnership with Gatronova Group, one of Pakistan’s leading conglomerates, by signing a Memorandum of Understanding (MoU). Through this collaboration, Standard Chartered will assume responsibility for Gatronova’s cash management and supplier financing requirements, offering tailored digital solutions to enhance operational efficiency and financial […]
ISLAMABAD, PAKISTAN (14 October 2024) — The Asian Development Bank (ADB) has announced the appointment of Xiaoqin (Emma) Fan as its new Country Director for Pakistan. Ms. Fan officially assumed her role today, joining the ADB’s Pakistan Resident Mission to oversee its operations in the country. In her new position, Ms. Fan will be responsible […]
KARACHI – BankIslami Pakistan Limited has achieved a significant milestone by opening its 500th branch in Nankana Sahib, further strengthening its presence across the country. This achievement reflects the bank’s commitment to expanding its branch network while adhering to the principles of Islamic finance. In a statement, BankIslami emphasized that all of its branches nationwide […]
The State Bank of Pakistan (SBP) has introduced a new initiative, the Challenge Fund for SMEs (CFS), designed to support banks and financial technology providers (Fintechs) in developing and enhancing digital financial solutions. The initiative aims to address the financial needs of small and medium-sized enterprises (SMEs) by promoting innovation in banking products and services, […]
In a bid to strengthen security measures, the State Bank of Pakistan (SBP) has issued new directives to all commercial and microfinance banks, urging them to upgrade their security and surveillance operations within and around branch premises and ATMs. The central bank’s move is part of efforts to enhance public safety and assist law enforcement […]
We’re excited to share that Mehvish Muneera has taken the helm as Head of Legal & Designated Company Secretary – Executive Vice President- at HabibMetro. Recipient of Pakistan’s 1st Women in Law Awards 2020-2021 for the category of “In-house Legal Counsel”, she is a seasoned professional with over a decade of diversified legal experience. With […]
In a significant move aimed at enhancing credit access, the State Bank of Pakistan (SBP) has raised the regulatory retail portfolio limit from Rs. 180 million to Rs. 300 million. This change, effective immediately, comes as part of the SBP’s broader efforts to support financial sector stability and growth. The enhancement is part of the […]
The State Bank of Pakistan (SBP) has significantly enhanced the financing limits for Small and Medium Enterprises (SMEs), enabling them to avail loans of up to Rs. 500 million. This initiative is part of the central bank’s ongoing efforts to bolster the SME sector, which plays a vital role in Pakistan’s economic growth. According to […]