27 August 2025, Karachi – HBL has joined hands with Mastercard in launching its Business Debit Card designed exclusively for SMEs – sole proprietors and entrepreneurs. Two card variants have been launched, Classic and World Business Debit Card. This initiative marks a major stride in the Bank’s commitment to enable Pakistan’s businesses with innovative financial solutions and […]
KARACHI: Bank AL Habib Limited (PSX: BAHL) announced its financial results for the half year ended June 30, 2025, reporting a profit after tax (PAT) of Rs19.79 billion, reflecting an 8.66% decline compared to Rs21.66 billion in the same period last year. Earnings per share (EPS) stood at Rs17.8, down from Rs19.49 in H1 2024, […]
KARACHI: Soneri Bank Limited announced its financial results for the half year ended June 30, 2025, following approval by the Board of Directors at its 211th meeting held in Karachi. The Bank posted a profit before tax (PBT) of Rs 6,685 million and profit after tax (PAT) of Rs 2,497 million, compared to Rs 6,519 […]
ISLAMABAD: The State Bank of Pakistan (SBP) is set to implement a Merchant Discount Rate (MDR) subsidy scheme aimed at boosting cashless transactions through Raast QR code-based payments at retail outlets. The initiative, backed by the federal government, has been allocated an annual subsidy of Rs3.5 billion to accelerate the shift from cash to digital […]
The State Bank of Pakistan, Banking Service Corporation (SBP BSC), and UN Women Pakistan have signed a Memorandum of Understanding (MoU) to enhance financial inclusion, literacy, and access to finance, focusing on women’s empowerment and gender equality. The signing ceremony, held in Karachi, was attended by Mr. Maraj Mahmood, Managing Director of SBP BSC, and […]
Bank of Khyber (PSX: BOK) announced a strong financial performance for the first half of 2025, with profit after tax jumping 117.09% to Rs3.37 billion, compared to Rs1.55 billion in the same period last year. Earnings per share rose to Rs2.91 from Rs1.34, reflecting a 117.16% increase. The bank’s total income rose 43.04% year-on-year to […]
KARACHI: Standard Chartered Bank (Pakistan) Limited has announced a profit before tax of Rs 32.9 billion for the first half of 2025, down from Rs 49.3 billion in the same period last year. The bank’s total revenue stood at Rs 44.4 billion, reflecting a 24 percent decline, primarily due to lower interest rates. This was […]
KARACHI: The State Bank of Pakistan (SBP) has invited applications for the inaugural cohort of its Regulatory Sandbox, a flagship initiative under Vision 2028 aimed at fast-tracking the country’s digital financial revolution. The central bank said the first phase of the sandbox will focus on three priority areas: Technology-enabled solutions for inward remittances Open banking Remote […]
ISLAMABAD: Haball (Private) Limited, Pakistan’s leading non-banking corporate aggregator in the B2B space announced that it has received In-Principle Approval (IPA) from the State Bank of Pakistan (SBP) for a Payment System Operator/Payment Service Provider (PSO/PSP) authorisation. This milestone marks another significant achievement for the fintech, following its August 2024 inclusion as a Raast Payment […]
The Board of Directors of easypaisa digital bank approved the financial statements for the half year ended June 30, 2025. The Bank reported a profit before tax of PKR 3.64 billion, compared to PKR 2.61 billion in the same period last year, reflecting a 39.4% increase. This performance was driven by higher markup income and […]