KARACHI: The State Bank of Pakistan (SBP) has set an ambitious goal to impart financial literacy to 10 million beneficiaries by the end of FY2028, reaffirming its commitment to promoting inclusive finance and youth participation in the financial system. This was stated by Managing Director SBP Banking Services Corporation (SBP BSC), Mr. Maraj Mahmood, during […]
KARACHI: Askari Bank Limited (AKBL) has posted a record profit after tax (PAT) of Rs. 7.5 billion for the third quarter ended September 30, 2025 (3QCY25), translating into earnings per share (EPS) of Rs. 5.18 — a robust 112 percent year-over-year increase compared to Rs. 3.5 billion (EPS: Rs. 2.44) in the same period last […]
ISLAMABAD: JazzCash, has won the Silver Award in the Banking category at Money20/20 USA 2025, a leading global platform for the financial services ecosystem. The award recognizes ReadyCash, JazzCash’s pioneering digital lending feature that provides instant and accessible credit to individuals and micro-entrepreneurs in Pakistan. On average, it disburses 140,000 digital loans daily, making JazzCash […]
KARACHI: Standard Chartered Bank Pakistan held an exclusive client session to showcase its flagship digital banking platform Straight2Bank alongside a presentation from the State Bank of Pakistan (SBP) on RAAST, the country’s instant payment system. The event highlighted the Bank’s payment capabilities, and how seamless integration between the two platforms is enabling businesses to benefit […]
National Bank of Pakistan (NBP) posted record quarterly profit after tax (PAT) of Rs. 23.3 billion for 3QCY25, translating into earnings per share (EPS) of Rs. 10.83, a sharp rise from Rs. 3.1 billion in the same period last year. This lifted 9MCY25 profit to Rs. 66.4 billion, marking a 16-times year-on-year increase, mainly driven […]
Bank Makramah Limited (BML) has continued its remarkable recovery by posting a profit before tax of PKR 1.75 billion for the nine months ended September 30, 2025 — a sharp turnaround from a loss of PKR 5.05 billion recorded in the same period last year. This represents a positive swing of PKR 6.80 billion, underscoring […]
KARACHI: MCB Islamic Bank has officially launched its all-new mobile banking application, “SUBUK”, marking a major milestone in the Bank’s digital transformation journey. Designed to redefine how customers experience Islamic banking, SUBUK offers enhanced convenience, reliability, and security empowering users to manage their finances seamlessly anytime, anywhere. Developed with a customer-first approach, the app features […]
Systems Limited (PSX: SYS), Pakistan’s leading technology powerhouse, has announced a robust financial performance for the first nine months of calendar year 2025, posting a profit after tax (PAT) of Rs. 7.94 billion — a 46% year-on-year increase from Rs. 5.43 billion recorded in the same period last year. The company’s earnings per share (EPS) […]
Lahore, October 2025 — In a major milestone toward advancing Pakistan’s digital payment ecosystem, Link International Exchange Company (Pvt.) Ltd., one of the country’s largest and most trusted exchange companies, has partnered with the State Bank of Pakistan (SBP) to introduce QR code–based payment services under the national Raast Person-to-Person (P2P) program. This landmark initiative […]
Marking a significant milestone in its digital transformation journey, Telenor Pakistan has introduced a WhatsApp-based SIM purchase replacement and bundle subscription service, redefining how customers experience mobile connectivity. This innovative service reflects Telenor Pakistan’s focus on customer convenience, offering a simple, secure, and contactless way to get a SIM—without visiting a retail outlet. Customers can […]