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 […]
In a major strategic move, Systems Limited, one of Pakistan’s largest software firms, has acquired British American Tobacco SAA Services (Private) Limited from British American Tobacco International Holdings (UK) Limited. The listed software firm shared the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. “We hereby wish to inform you that […]
Karachi, 29 July 2025: Meezan Bank, Pakistan’s first and largest Islamic bank, becomes the first bank in the country to roll out Visa’s latest digital innovation: – the Visa Global eSIM for its Visa Infinite Debit Cardholders. Visa, the world leader in digital payments, has introduced the Visa Global eSIM – an innovative digital connectivity solution […]
State Bank of Pakistan (SBP) has issued the consolidated framework for customer onboarding and advised banks and regulated entities (REs) to provide Digital Payment Acceptance solutions to their customers engaged in instore and/or online business/trade activities. Key changes: Simplified and standardized account opening process across all banks. Reduced documentary requirements. banks must open accounts within […]
Engro Fertilizers, a major fertilizer company in Pakistan and Bank Alfalah Limited, Pakistan’s leading commercial bank, announced a strategic partnership aimed at empowering farmers across the country through enhanced lending facilities. This collaboration will extend financing of up to PKR 1 million to farmers registered through Engro Markaz outlets and UgAI -the first integrated agricultural […]