London/Karachi: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has been recognized by the State Bank of Pakistan (SBP) under its Pakistan Remittance Initiative (PRI) as the Fifth Largest Bank in the Pakistan Remittance Market. The honor was presented at the Pakistan Remittance Summit 2025, held recently in London, UK. The recognition underscores […]
Bank Makramah Limited’s stock performance continues to surge amid strategic restructuring and capital transformation. Bank Makramah Limited (BML) has rapidly become one of the most actively traded and closely watched banking stocks at the Pakistan Stock Exchange (PSX), driven by a turnaround strategy that has repositioned the institution into a growth-stage financial contender. BML’s share […]
The Saudi National Bank (SNB), the majority shareholder of Samba Bank Limited, has received an offer from Najd Gateway Holding Company to acquire SNB’s entire shareholding in Samba Bank Pakistan, representing approximately 84.51% of the bank’s issued shares. Samba disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “The Saudi […]
Karachi, 4th December 2025: Meezan Bank, Pakistan’s leading Islamic bank and one of the largest banks in the country, has been awarded the top distinction at the 40th Corporate Excellence Awards hosted by the Management Association of Pakistan (MAP). With this recognition, the Bank has maintained its standing as the ‘Best Company in the Financial Category’ for the fourth consecutive […]
Wateen Telecom has announced a strategic partnership with The Bank of Punjab (BOP) to jointly establish an Artificial Intelligence (AI) Factory, a transformative initiative aimed at accelerating digital transformation and AI-driven innovation across Pakistan’s banking industry. The agreement was formalized during a signing ceremony attended by senior leadership from both organizations, including Mr. Adil Rashid, […]
Standard Chartered Bank Pakistan and the International Finance Corporation (IFC), a member of the World Bank Group, have announced a new USD 400 million risk-participation facility aimed at expanding short-term trade and working capital financing for major Pakistani corporations and exporters. The initiative is expected to strengthen Pakistan’s foreign exchange inflows and support sustainable economic […]
TouchPoint has taken a major step in its international expansion with the successful deployment of CADEPO – its advanced Cash & Cheque Deposit Solution powered by QMatch – at Exim Bank, Djibouti (SA). The implementation was supported by SPS Cash Handling Solutions, a valued partner of TouchPoint, while all hardware and software powering the solution […]
Allied Bank Limited, one of Pakistan’s leading financial institutions, recently concluded a series of awareness activities to highlight the benefits of its Warehouse Facility, a groundbreaking solution to help agricultural enterprises overcome challenges in accessing conventional financing. Allied Warehouse Facility enables millers, traders,farmersor agricultural enterprises to support working capital needs by offering their stock as security […]
United Bank Limited (UBL) has extended a Rs. 25 billion bilateral financing facility to Telenor Pakistan, marking the telecom operator’s first locally secured borrowing since it began operations in the country. The financing agreement was formalized at Telenor Pakistan’s headquarters in Islamabad, where the documents were signed by the company’s Chief Financial Officer, Andreas Högberg, […]
KARACHI: The Bank of Punjab (BOP) reported sustained gains in profitability, margins, and balance sheet strength at its Analyst briefing held on Friday for institutional investors & research analysts, underscoring the continued progress of its multi-year turnaround. The session was led by President & CEO Zafar Masud, accompanied by Chief Financial Officer Nadeem Amir and […]