MCB Bank Limited Declares Impressive First Quarter Results In a recent board meeting chaired by Mian Mohammad Mansha, MCB Bank Limited (MCB) reviewed its performance for the first quarter ending March 31, 2024, and approved condensed interim financial statements. The board declared a first interim cash dividend of Rs. 9.0 per share, reflecting a robust […]
Bank Alfalah Limited Reports Strong Financial Performance for Quarter Ended March 31, 2024 In a recent meeting held on April 24, 2024, the Board of Directors of Bank Alfalah Limited (BAFL) approved the bank’s financial results for the quarter ended March 31, 2024, showcasing robust growth and strategic resilience in challenging market conditions. The bank […]
Allied Bank Limited Reports 1QCY24 Earnings: Profit Up 51% YoY, Down 5% QoQ Allied Bank Limited (PSX: ABL) unveiled its financial results for the first quarter of the calendar year 2024 (1QCY24) today, showcasing a robust performance with a Profit After Tax (PAT) of Rs. 11.6 billion. This figure represents a noteworthy increase of 51 […]
U Microfinance Bank and Golootlo have entered into a significant partnership agreement aimed at providing exclusive discounts to U Microfinance Bank’s UnionPay debit cardholders. The agreement, signed on April 22, 2024, marks a pivotal step in enhancing customer benefits through leveraging Golootlo’s extensive network of over 30,000 merchants nationwide. The signing ceremony, held in Islamabad, […]
In an announcement today, Habib Bank Limited (HBL) disclosed its impressive financial performance for the first quarter ended March 31, 2024. The bank’s consolidated profit before tax marked a notable surge, reaching Rs. 30.1 billion, representing a substantial 40 percent increase compared to the corresponding period last year. Moreover, profit after tax witnessed a commendable […]
In a significant development, The Bank of Punjab (PSX: BOP) has achieved official registration for its exchange company by the Securities and Exchange Commission of Pakistan (SECP). The bank disclosed this information to the main bourse on Monday, stating that the SECP has issued the Certificate of Incorporation to “BOP Exchange (Private) Limited,” which stands […]
In a strategic move aimed at bolstering service delivery, Waada has announced a significant collaboration with JazzCash, Pakistan’s leading fintech platform. This partnership marks a pivotal moment for both entities as they strive to enhance their offerings in the rapidly evolving financial technology landscape. Waada, renowned for its commitment to providing innovative solutions to its […]
Euronet Pakistan, a division of Euronet Worldwide (NASDAQ: EEFT), has secured a pivotal partnership with United Bank Limited (UBL) for credit card processing and POS driving services. Under this collaboration, UBL’s credit cards and POS terminals will migrate to Euronet’s PCI-compliant infrastructure, offering consolidated card management, tokenization, and acquiring services. The agreement, signed by senior […]
KTrade Securities, a prominent entity in Pakistan’s capital markets, has joined forces with Ansher Capital LLC, the largest investment bank in Uzbekistan, in a strategic partnership aimed at fostering cross-border investments. This collaboration targets markets in Saudi Arabia, Pakistan, and Uzbekistan, leveraging the expertise of both firms to provide comprehensive financial advisory and corporate finance […]
Meezan Bank Limited (PSX: MEBL) has disclosed a robust financial performance for the quarter ending March 31st, 2024 (1Q2024), with a profit after tax (PAT) reaching Rs. 25 billion, marking a substantial 65 percent increase year-on-year (YoY). According to Arif Habib Limited, the bank’s earnings were propelled by a YoY uptick in income. However, a […]