KARACHI: ABHI Microfinance Bank Limited has signed a Memorandum of Understanding (MoU) with Jaffer Business Systems Private Limited (JBS) to jointly explore technology-driven solutions and AI-enabled capabilities that can support the Bank’s continued evolution into a more digitally focused financial institution. The understanding creates a practical framework for both organizations to work closely, assess emerging […]
Karachi, Pakistan – United Bank Limited (UBL) has successfully executed a PKR 20 billion Interest Rate Swap (IRS) transaction with a subsidiary of Engro, one of Pakistan’s leading conglomerates. This landmark deal further strengthens UBL’s position at the forefront of Pakistan’s developing derivatives and risk management market, following its historic PKR 75 billion IRS transaction earlier […]
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on February 13, 2026, approved the Bank’s financial results for the year ended December 31, 2025. Bank Alfalah reported profit after tax (PAT) of PKR 28.34 billion for the year ended December 31, 2025, translating into earning per share of PKR 17.97 […]
Karachi – Bank Al Habib Limited (PSX: BAHL) has announced its consolidated financial results for the year ended December 31, 2025, reporting a profit-after-tax (PAT) of Rs. 32.46 billion, reflecting a 23 percent decline year-on-year (YoY). The drop in earnings was primarily attributed to a lower policy rate environment and higher operating expenses. Alongside the […]
The State Bank of Pakistan (SBP) has issued a license to Raqami Digital Bank to operate digital banking across the country. The bank will operate as the Islamic Digital Retail Bank. Consequent upon the granting of Digital Retail Bank (DRB) License to Raqami Islamic Digital Bank Limited, the State Bank of Pakistan (SBP), in exercise […]
Karachi, February 9th, 2025: The Board of Directors of Meezan Bank, in its meeting held on February 9th, 2025 approved the financial statements of the Bank and its consolidated financial statements for the year ended December 31, 2025. The meeting was chaired by Mr. Riyadh S.A.A. Edrees – Chairman of the Board. Meezan Bank reported a […]
KARACHI: The Board of Directors of Soneri Bank Limited, in their 214th meeting held in Karachi on 29 January 2026, approved the Bank’s annual financial statements for the year ended 31December 2025. The results demonstrate stable and persistent performance in all areas despite declining interest rates. The Bank posted profit before tax (PBT) of Rs. […]
[Lahore: February 04, 2026] MCB Bank Limited is pleased to announce another year of resilient financial performance for the year ended December 31, 2025, reflecting the Bank’s strategic agility, balance sheet strength, and disciplined execution amid a dynamic macroeconomic and operating environment. The Board of Directors of MCB Bank, under the Chairmanship of Mian Mohammad […]
United Bank Limited (UBL) has introduced an AI-powered – Voice Command feature inside the UBL Digital App, enabling customers to complete everyday banking actions simply by speaking. The feature brings a new, hands-free way to bank in Pakistan. “Speak More, Tap Less”: What Voice Command Does With a tap on the microphone icon, users can […]
Soneri Bank Limited announced on Thursday the appointment of Ahsan Mushahid Siddiqui as President & Chief Executive Officer (CEO), effective 1 April 2026. The bank shared the development in a notice to the Pakistan Stock Exchange today. Ahsan will succeed Muhtashim Ahmad Ashai, whose employment contract will mature on March 31. “This appointment is subject […]