ISLAMABAD: ACE Money Transfer, one of the leading global remittance service providers, has entered into a strategic partnership with Askari Bank to expand and strengthen legal and digital remittance channels into Pakistan. The collaboration was formalised through a signing ceremony held here on Thursday, attended by senior leadership from both financial institutions. This partnership further […]
LAHORE: MCB Islamic Bank Limited has appointed Hammad Khalid as its new President and Chief Executive Officer. The Board of Directors of MCB Islamic Bank has approved Khalid’s appointment in line with its strategic vision and governance framework. His appointment reflects the Bank’s commitment to strengthening leadership and driving sustainable growth in an evolving financial […]
KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a profit before tax of Rs 58.5 billion compared to Rs 100.6 billion last year. Revenue was lower year on year primarily due to sharp reduction in interest rates. The impact of margin compression on revenue was partially offset by a decrease […]
Islamabad, February 26 – Pakistan is well positioned to capture growth in the global IT market, particularly in the GCC and North American Regions. Usman Asif, Global CEO, Devsinc says that the worldwide IT market is projected to exceed USD 6 trillion in 2026, and AI alone expected to add USD 4.4 trillion to global […]
SANSO – A German-based global manufacturing, R&D, and technology organization, has formally signed a strategic Memorandum of Understanding (MoU) with the “Commission on Science and Technology for Sustainable Development in the South (COMSATS)”. The collaboration establishes a multilateral framework for advancing “Secure Fintech infrastructure by SansoPay, Encrypted communication ecosystems by LetsTalkh, Premium secure smart devices […]
KARACHI: United Bank Limited (UBL) has announced its calendar year 2025 (CY25) financial results, posting its highest-ever annual profit of Rs. 130 billion, translating into earnings per share (EPS) of Rs. 51.9, reflecting a robust 73 percent year-on-year (YoY) growth. On a quarterly basis, the bank reported a profit of Rs. 29.9 billion (EPS: Rs. […]
National Bank of Pakistan reported a record profit of Rs. 85 billion for the calendar year 2025, marking a 227 percent increase and the highest ever profit in its history. The bank also announced its highest ever dividend of Rs. 35 per share, up sharply from Rs. 8 in the previous year. The strong performance […]
The Bank of Punjab (BOP) has approved a capital injection of Rs. 1 billion into its subsidiary, BOP Exchange Private Limited. The decision was taken by the bank’s Board of Directors in a meeting held on February 17, 2026, according to an official disclosure submitted to the Pakistan Stock Exchange. The additional investment is intended […]
Faysal Bank Limited (FBL) demonstrated resilient financial performance, on a standalone basis, reporting Profit Before Tax (PBT) of PKR 47 billion and net profit of PKR 21.7 billion translating into Earnings Per Share PKR 14.30. The Bank also declared a final cash dividend of Rs 2 per share, i.e. 20%. This results in a cumulative cash dividend payout of Rs 6.5 […]
As part of its Vision 2028 agenda, the SBP today announced the launch of “Cyber Shield – the Cyber Resilience Strategy for Regulated Entities”, a major initiative aimed at strengthening the safety and robustness of the country’s banking and financial system. The strategy is designed to better protect banks and financial institutions from cyber threats, […]