Abu Dhabi: As part of its strategy to strengthen the infrastructure of the UAE’s capital markets, the Central Bank of the UAE (CBUAE) has announced the appointment of VERMEG, a global provider of mission-critical technology solutions for Market Infrastructures, Collateral Management, and Asset Servicing, as the lead technology partner of a consortium supporting the establishment […]
Systems Limited (SYS) reported a strong performance for 2025, posting a profit after tax (PAT) of Rs. 11,041 million (EPS: Rs. 7.49), up 48 percent from Rs. 7,460 million (EPS: Rs. 5.06) in CY24. The company also declared a final cash dividend of Rs. 2.00 per share, unchanged from the previous year. In the fourth […]
Bank of Khyber marked 2025 as a defining year—one that quietly reshaped its foundation while visibly strengthening its position in the financial landscape. It was not just a year of improved numbers, but a year of clarity, discipline, and forward direction. The bank delivered strong financial performance, reflecting the impact of focused execution. Profit after […]
KARACHI: The shareholders of Sindh Bank have approved the Annual Audited Financial Statements for the year ended December 31, 2025, during the Annual General Meeting held on March 30, 2026. The Bank reported a record-high Profit Before Tax (PBT) of Rs6.37 billion, marking a significant 155% increase compared to the previous year. This strong performance […]
Faysal Bank Limited (FBL) has launched Pakistan’s first-ever Mobile Tap and Withdraw service, enabling its customers to withdraw cash from Faysal Bank ATMs by simply tapping their smartphone, without the need of any physical card. With a clear focus on innovation, Faysal Bank aims to create a digital-inclusive and digital-first experience for its customers and by […]
KARACHI, April 2: Meezan Bank is stepping up its digital payments strategy, expanding its merchant network and accelerating adoption of instant payment solutions as Pakistan’s shift toward a cashless economy gathers pace, senior bank official said. The move comes as digital transactions continue to rise sharply across the country. Data from the State Bank of […]
In an important move to build a financially savvy young generation, the State Bank of Pakistan (SBP) has launched a new framework for teenagers’ accounts enabling them to independently own and operate bank accounts and digital wallets. The framework is designed to empower the country’s youth to save securely, transact confidently, and develop responsible financial […]
Habib Metropolitan Bank Limited has announced key leadership reappointments, according to a notice submitted to the Pakistan Stock Exchange (PSX) on Tuesday. The bank confirmed the reappointment of Khurram Shahzad Khan as President and Chief Executive Officer for a further term of three years, reflecting continued confidence in his leadership. In addition, Mohamedali R. Habib […]
KARACHI: Allied Bank continues to strengthen its competitive position through prudent risk management, strategic capital allocation, and diversification across investment and lending portfolios. Its steadfast commitment to operational excellence and digital transformation has not only elevated the customer experience but also reinforced the foundation for sustainable, long-term growth. Allied Bank’s net markup and interest income […]
TouchPoint has reinforced its position as a key technology partner in the State Bank of Pakistan’s (SBP) Digital Deposit Drive, working closely with leading banks across the country to accelerate the adoption of self-service deposit solutions. As part of this nationwide initiative, TouchPoint has achieved significant scale and impact: 905+ machines deployed nationwide, progressing toward […]