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 […]
BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, reported a profit before tax (PBT) of PKR 10.88 billion for the nine months ended September 2025, further strengthening its efforts to build a Riba (interest)-free financial ecosystem in the country. The Bank recorded a 107% year-on-year growth in Non-Funded Income, while its deposit base grew by […]
Karachi, 24 October: Meezan Bank, Pakistan’s leading Islamic bank, in collaboration with Mastercard, has successfully concluded the “Spend Big, Win Big” cross-border spending campaign. The initiative encouraged customers to use their Meezan Mastercard Debit Cards for international transactions, reinforcing the Bank’s commitment to promoting secure and Shariah-compliant global payment solutions. The campaign concluded with an event […]
Faysal Bank Limited (FBL) demonstrated resilient financial performance, reporting Profit Before Tax (PBT) of PKR 32.8 billion and net profit of PKR 15 billion. Earnings Per Share stood at PKR 9.89/. The Bank also declared an interim cash dividend of Rs 1.5/- per share, i.e. 15%. FBL’s balance sheet showed robust growth and total assets […]
Meezan Bank (MEBL), the country’s largest Islamic bank, posted consolidated profit after tax (PAT) of Rs23.38 billion for the quarter that ended September 30, 2025, down by 11% from Rs26.21 billion in the same period of the preceding year. According to a notice sent to the Pakistan Stock Exchange (PSX) on Friday, earnings per share […]
ISLAMABAD: Empowering Small and Medium Enterprises (SMEs) is vital to Pakistan’s socio-economic growth, and microfinance has a pivotal role to play in enabling that empowerment. By expanding access to finance and supporting small entrepreneurs, we can build a stronger ecosystem that drives sustainable economic progress. These views were shared by Haaris Mahmood Chaudhary, President & […]
HBL today declared a record profit before tax of Rs 112.2 billion for the first nine months of 2025, 31% higher than in the same period last year. Despite higher tax rates burdening the banking sector, profit after tax increased 19% to Rs 51.4 billion. EPS for 9M’25 improved to Rs 34.97 from Rs 30.03 […]
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on October 22, 2025, approved the Bank’s financial results for the nine-month period ended September 30, 2025. Bank Alfalah posted profit after tax (PAT) of PKR 21.44 billion for the nine-month period ended September 30, 2025, resulting in earnings per share of […]
KARACHI: Senior representatives from the State Bank of Pakistan (SBP) and commercial banks have underscored the need for deeper collaboration between regulators, banks, and technology partners to accelerate Islamic and digital banking transformation in Pakistan. Speaking at “NextGen Islamic Banking in Pakistan – 2025,” an exclusive forum hosted by TMC Pvt. Ltd. and Azentio Software […]