KARACHI: In a significant move to bolster financial stability and align domestic banking practices with international standards, the State Bank of Pakistan (SBP) has unveiled a comprehensive Regulatory Framework on Recovery Planning for all banks operating in the country. This new framework sets out supervisory expectations and aims to harmonize recovery planning across the banking […]
Islamabad, July 31, 2025 — The Oil & Gas Development Company Limited (PSX: OGDC) has surged past the Rs. 1 trillion market capitalization mark, following the announcement of a groundbreaking oil exploration deal between the Government of Pakistan and the Trump administration in the United States. The strategic agreement, unveiled on Wednesday, centers on joint […]
HBL today declared a record consolidated profit before tax of Rs 75.3 billion for the half year ended June 30, 2025, 30% higher than in the same period last year. The profit after tax increased 19% to Rs 34.4 billion despite a 4% higher tax rate further burdening banks. EPS for H1’25 improved from Rs […]
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on July 31, 2025, approved the Bank’s financial results for the half year ended June 30, 2025. Bank Alfalah reported profit after tax (PAT) of PKR 15.27 billion for the half year ended June 30, 2025, translating to earnings per share of […]
Fauji Fertilizer Company Limited (FFC) has announced its financial results for the half-year ended June 30, 2025, following a Board of Directors’ meeting held on July 29, 2025. The company posted a significant increase in profitability, reporting a net profit of PKR 38.5 billion, up from PKR 26 billion in the same period last year. […]
Karachi, Pakistan – June 2025 — Neem, Pakistan’s leading embedded finance platform, has entered into a multi-faceted partnership with Meezan Bank, Pakistan’s premier Islamic bank, to strengthen its payment infrastructure and co-create a broader financial ecosystem for businesses across Pakistan. Under this partnership, Neem and Meezan Bank are working together across multiple touchpoints, including payment […]
In a major strategic move, Systems Limited, one of Pakistan’s largest software firms, has acquired British American Tobacco SAA Services (Private) Limited from British American Tobacco International Holdings (UK) Limited. The listed software firm shared the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. “We hereby wish to inform you that […]
Karachi, 29 July 2025: Meezan Bank, Pakistan’s first and largest Islamic bank, becomes the first bank in the country to roll out Visa’s latest digital innovation: – the Visa Global eSIM for its Visa Infinite Debit Cardholders. Visa, the world leader in digital payments, has introduced the Visa Global eSIM – an innovative digital connectivity solution […]
KARACHI: In a move to modernize Pakistan’s capital markets, the Securities and Exchange Commission of Pakistan (SECP) has announced that the Pakistan Stock Exchange (PSX) will adopt a T+1 (trade-plus-one) settlement cycle starting February 9, 2026. The announcement was made by SECP Chairman Akif Saeed at a high-level event in Karachi attended by representatives from […]
ISLAMABAD – July 28, 2025: In a major step to accelerate digital payments across the country, the federal government has directed that all electricity, gas, and telephone bills must carry printed QR codes, enabling seamless digital transactions. The decision was finalized during a high-level meeting chaired by Prime Minister Shehbaz Sharif, according to a national […]