MCB Bank Limited Declares Impressive First Quarter Results In a recent board meeting chaired by Mian Mohammad Mansha, MCB Bank Limited (MCB) reviewed its performance for the first quarter ending March 31, 2024, and approved condensed interim financial statements. The board declared a first interim cash dividend of Rs. 9.0 per share, reflecting a robust […]
Bank Alfalah Limited Reports Strong Financial Performance for Quarter Ended March 31, 2024 In a recent meeting held on April 24, 2024, the Board of Directors of Bank Alfalah Limited (BAFL) approved the bank’s financial results for the quarter ended March 31, 2024, showcasing robust growth and strategic resilience in challenging market conditions. The bank […]
Allied Bank Limited Reports 1QCY24 Earnings: Profit Up 51% YoY, Down 5% QoQ Allied Bank Limited (PSX: ABL) unveiled its financial results for the first quarter of the calendar year 2024 (1QCY24) today, showcasing a robust performance with a Profit After Tax (PAT) of Rs. 11.6 billion. This figure represents a noteworthy increase of 51 […]
U Microfinance Bank and Golootlo have entered into a significant partnership agreement aimed at providing exclusive discounts to U Microfinance Bank’s UnionPay debit cardholders. The agreement, signed on April 22, 2024, marks a pivotal step in enhancing customer benefits through leveraging Golootlo’s extensive network of over 30,000 merchants nationwide. The signing ceremony, held in Islamabad, […]
In an announcement today, Habib Bank Limited (HBL) disclosed its impressive financial performance for the first quarter ended March 31, 2024. The bank’s consolidated profit before tax marked a notable surge, reaching Rs. 30.1 billion, representing a substantial 40 percent increase compared to the corresponding period last year. Moreover, profit after tax witnessed a commendable […]
Euronet Pakistan, a division of Euronet Worldwide (NASDAQ: EEFT), has secured a pivotal partnership with United Bank Limited (UBL) for credit card processing and POS driving services. Under this collaboration, UBL’s credit cards and POS terminals will migrate to Euronet’s PCI-compliant infrastructure, offering consolidated card management, tokenization, and acquiring services. The agreement, signed by senior […]
Meezan Bank Limited (PSX: MEBL) has disclosed a robust financial performance for the quarter ending March 31st, 2024 (1Q2024), with a profit after tax (PAT) reaching Rs. 25 billion, marking a substantial 65 percent increase year-on-year (YoY). According to Arif Habib Limited, the bank’s earnings were propelled by a YoY uptick in income. However, a […]
In a significant stride towards bolstering agricultural financing, Zaraee has announced a strategic collaboration with Bank Alfalah. The partnership aims to revolutionize access to loan facilities for farmers and agribusinesses through Zaraee‘s online platform, www.zaraee.pk. The Memorandum of Understanding (MOU) signing between Zaraee and Bank Alfalah signifies the formalization of their alliance, which is geared […]
In a remarkable feat, JS Bank, one of Pakistan’s rapidly expanding financial institutions, has announced its surpassing of Rs500 billion in deposits, marking a significant milestone for the bank. This achievement comes on the heels of a strong performance in 2023, where the bank reported a substantial Profit Before Tax of Rs8.5 billion, showcasing a […]
In a remarkable feat, JS Bank, one of Pakistan’s rapidly expanding financial institutions, has announced its surpassing of Rs500 billion in deposits, marking a significant milestone for the bank. This achievement comes on the heels of a strong performance in 2023, where the bank reported a substantial Profit Before Tax of Rs8.5 billion, showcasing a […]