The agency changes the outlook on long-term deposit ratings of all banks from positive to stable. ISLAMABAD: Moody’s Ratings (Moody’s) has upgraded to Caa1 from Caa2 the local and foreign-currency long-term deposit ratings of five Pakistani banks: Allied Bank Limited (ABL), Habib Bank Ltd. (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and […]
Karachi – The State Bank of Pakistan (SBP) has announced that it will launch its upgraded payment and settlement system, PRISM+, today, marking a major milestone in the country’s financial infrastructure. PRISM+ represents a significant leap forward in modernizing how money and government securities are moved and managed across Pakistan’s financial system. Built on the […]
Despite recent improvements in Pakistan’s macroeconomic indicators, the country continues to face deep-rooted structural challenges, with a persistently low domestic savings rate topping the list, cautioned State Bank of Pakistan (SBP) Governor Jameel Ahmad. Speaking at a seminar in Karachi on Monday, the central bank chief emphasized the urgent need to address this issue to […]
Askari Bank Limited has announced its decision to exercise the Call Option on its Rated, Subordinated, and Unsecured Term Finance Certificates (TFCs) worth Rs. 6 billion. The bank disclosed this material information to the Pakistan Stock Exchange (PSX). The Call Option will be exercised in full on September 17, 2025, as per Clause 3.12 of […]
KARACHI – Meezan Bank Limited (MEBL) has reported earnings of Rs. 24.5 billion (EPS: Rs. 13.65) for the second quarter of calendar year 2025 (2QCY25), reflecting a 9% year-on-year (YoY) decline. This took the bank’s half-year (1HCY25) profitability to Rs. 46.6 billion, down 10% YoY. Alongside the results, the bank announced a cash dividend of […]
Says government reforms praised by S&P and Fitch, with hopes Moody’s will follow suit. Finance Minister Muhammad Aurangzeb signalled potential easing of Pakistan’s policy rate later this year, noting slowing inflation and stable economic indicators, while addressing the 78th Independence Day of Pakistan and the Marka-e-Haque celebrations at the Rawalpindi Chamber of Commerce & Industry […]
BankIslami Pakistan Limited announced on Friday the appointments of an acting Chief Financial Officer (CFO) and an acting Company Secretary. The bank shared the development in a notice to the Pakistan Stock Exchange (PSX) today. “Hasan Shahid, currently serving as the Company Secretary of Banklslami Pakistan Limited has been assigned the charge of acting CFO […]
Lahore – August 7, 2025: The Board of Directors of MCB Bank Limited (MCB), in its meeting held under the Chairmanship of Mian Mohammad Mansha, reviewed the Bank’s performance and approved the condensed interim financial statements for the half year ended June 30, 2025. The Board declared a second interim cash dividend of Rs. 9.00 […]
National Bank of Pakistan (NBP) has become the fifth listed bank on the Pakistan Stock Exchange to surpass a market capitalization of USD 1 billion. The bank has delivered an exceptional 338 percent return so far in calendar year 2024, making it one of the top-performing stocks this year. With a Capital Adequacy Ratio (CAR) […]
HBL and the National Clearing Company of Pakistan Limited (NCCPL) have signed a Memorandum of Understanding (MoU) to enhance the role of commercial banks in Pakistan’s capital markets. This important agreement positions HBL as the first bank to form a partnership with NCCPL. Under this MoU, HBL aims to pursue opportunities in capital markets such […]