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 […]
United Bank Limited (UBL) as one of the Mandated Lead Advisors & Arrangers, has successfully led Pakistan’s largest private sector syndicated Islamic financing to date, totaling PKR 133 billion. The financing was extended to Deodar (Private) Limited and Engro Connect (Private) Limited, with UBL also acting as Facility Agent, Security Agent and Accounts Bank. The […]
The State Bank of Pakistan (SBP) has reduced the Cash Reserve Requirement (CRR) for banks by 100 basis points, lowering it to 5 percent on a weekly average basis and 3 percent on a daily basis, according to the SBP governor’s press briefing earlier yesterday. The move is expected to inject additional liquidity into the […]
United Bank Limited (UBL) has executed Pakistan’s largest-ever Interest Rate Swap (IRS) transaction with Pakistan Mobile Communications Limited (Jazz), with a notional value of Rs. 75 billion, marking a major milestone in the development of the country’s financial derivatives market. Under the transaction, Jazz has converted its floating-rate borrowing exposure into a fixed-rate obligation, allowing the telecom […]