Karachi, August 1, 2025 — Bank Makramah Limited (BML) has reported a remarkable financial turnaround, posting a pre-tax profit of Rs 1.44 billion and an after-tax profit of Rs 707 million for the half-year ending June 30, 2025 — marking the bank’s first profit in over ten years. The results were approved during a meeting […]
Karachi, Pakistan – Kuickpay has announced a strategic partnership with Visa, the world leader in digital payments, to launch an innovative Business Payment Service Provider (BPSP) platform. This collaboration aims to modernize business-to-business (B2B) payments and invoice financing across Pakistan. The new platform is set to empower businesses in Pakistan by digitizing and optimizing their […]
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 […]