Meezan Bank Limited (PSX: MEBL) reported strong financial results for the nine months ending September 30, 2024 (9MCY24), with earnings reaching Rs. 78.3 billion, marking an impressive 34% year-on-year (YoY) growth. The rise in profitability was driven by a significant increase in total income, as highlighted by Arif Habib Limited. For the third quarter of […]
ISLAMABAD: The State Bank of Pakistan (SBP) has forecasted real GDP growth of 2.5-3.5% for the fiscal year 2025, slightly below the government’s target of 3.6%, according to its Annual Report for 2023-2024, released on Thursday. In the report, titled The State of Pakistan’s Economy, the SBP highlighted that Pakistan’s macroeconomic conditions showed significant improvement […]
KARACHI, October 17, 2024 – Bank Alfalah Limited’s Board of Directors, in a meeting held today, approved the financial results for the nine-month period ending September 30, 2024, reflecting a strong performance across key metrics. The bank posted a profit after tax (PAT) of PKR 33.643 billion, marking a significant improvement of 23.5% compared to […]
KARACHI: The State Bank of Pakistan (SBP) will celebrate Women Entrepreneurship Day (WED) on November 19, 2024, with an event aimed at recognizing and promoting the vital role of women entrepreneurs in the country’s economy. The event will be inaugurated by SBP Governor Jameel Ahmad at the SBP headquarters and will gather top officials from […]
Karachi, October 16, 2024 – Soneri Bank Limited’s Board of Directors, in their 207th meeting held in Karachi, approved the Bank’s condensed interim financial statements for the nine-month period ending September 30, 2024. The results underscore consistent and sustained growth across all areas of the Bank’s operations. Soneri Bank reported a profit before tax (PBT) […]
HBL has announced a consolidated profit before tax of Rs 85.9 billion for the first nine months of 2024, marking a 3% increase compared to the same period last year. The bank’s strong performance, driven by its domestic businesses and steady international growth, led to a profit after tax of Rs 43.3 billion. Earnings per […]
KARACHI, October 15, 2024 — Standard Chartered Pakistan has entered into a strategic partnership with Gatronova Group, one of Pakistan’s leading conglomerates, by signing a Memorandum of Understanding (MoU). Through this collaboration, Standard Chartered will assume responsibility for Gatronova’s cash management and supplier financing requirements, offering tailored digital solutions to enhance operational efficiency and financial […]
ISLAMABAD, PAKISTAN (14 October 2024) — The Asian Development Bank (ADB) has announced the appointment of Xiaoqin (Emma) Fan as its new Country Director for Pakistan. Ms. Fan officially assumed her role today, joining the ADB’s Pakistan Resident Mission to oversee its operations in the country. In her new position, Ms. Fan will be responsible […]
KARACHI – BankIslami Pakistan Limited has achieved a significant milestone by opening its 500th branch in Nankana Sahib, further strengthening its presence across the country. This achievement reflects the bank’s commitment to expanding its branch network while adhering to the principles of Islamic finance. In a statement, BankIslami emphasized that all of its branches nationwide […]
The State Bank of Pakistan (SBP) has introduced a new initiative, the Challenge Fund for SMEs (CFS), designed to support banks and financial technology providers (Fintechs) in developing and enhancing digital financial solutions. The initiative aims to address the financial needs of small and medium-sized enterprises (SMEs) by promoting innovation in banking products and services, […]