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 […]
LAHORE: Allied Bank has officially launched its upgraded immersive banking experience in the Metaverse, marking a bold new chapter in the evolution of digital banking in Pakistan and the wider region. Building on its 2022 debut as the first Pakistani bank to enter the Metaverse, Allied Bank’s enhanced platform delivers a visually richer, feature-packed, and […]
Karachi, August 1, 2025 — Bank Makramah Limited (BML) has reported a remarkable financial turnaround, posting a pre-tax profit of Rs 1.44 billion and an after-tax profit of Rs 707 million for the half-year ending June 30, 2025 — marking the bank’s first profit in over ten years. The results were approved during a meeting […]
KARACHI: In a significant move to bolster financial stability and align domestic banking practices with international standards, the State Bank of Pakistan (SBP) has unveiled a comprehensive Regulatory Framework on Recovery Planning for all banks operating in the country. This new framework sets out supervisory expectations and aims to harmonize recovery planning across the banking […]
HBL today declared a record consolidated profit before tax of Rs 75.3 billion for the half year ended June 30, 2025, 30% higher than in the same period last year. The profit after tax increased 19% to Rs 34.4 billion despite a 4% higher tax rate further burdening banks. EPS for H1’25 improved from Rs […]
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on July 31, 2025, approved the Bank’s financial results for the half year ended June 30, 2025. Bank Alfalah reported profit after tax (PAT) of PKR 15.27 billion for the half year ended June 30, 2025, translating to earnings per share of […]