Karachi, May 2, 2025 — Bank Alfalah Limited (PSX: BAFL) has officially completed the divestment of its entire shareholding in its subsidiary, Alfalah Securities (Private) Limited. In a stock filing submitted to the Pakistan Stock Exchange (PSX) today, the Bank confirmed the sale of 324,999,912 shares—representing 95.59% of Alfalah Securities’ issued and paid-up capital—to M/s. […]
Pakistan’s leading digital microfinance bank, Mobilink Bank, has announced a strategic partnership with Daraz Pakistan, the country’s largest e-commerce platform, to accelerate financial inclusion, access to finance and digital enablement of micro, small and medium enterprises (MSMEs) across Pakistan. The collaboration advances the two institutions’ joint vision for economic growth at the grassroots level for […]
Islamabad, April 30, 2025 — InfraZamin Pakistan in collaboration with the Securities and Exchange Commission of Pakistan (SECP), British High Commission Islamabad, and the Private Infrastructure Development Group (PIDG) hosted a seminar titled “Green Financing via Debt Capital Markets” in Islamabad. The event brought together senior professionals and international experts from the regulatory, financial, and […]
Peshawar – April 30, 2025 — The Bank of Khyber (BoK) has announced stellar financial results for the first quarter of the financial year 2025 (Q1FY25), reporting a Profit After Tax (PAT) of Rs. 1.6 billion, marking an impressive 108 percent year-on-year (YoY) increase. The bank’s strong performance was driven by a 45 percent YoY […]
ISLAMABAD, April 29 – In a major step towards modernizing welfare disbursements, Prime Minister Shehbaz Sharif announced the expansion of digital wallets across Pakistan, aiming to bring provincial systems into a unified national digital payment framework. The announcement was made during a ceremony held to honor individuals who played key roles in the successful execution […]
Karachi, April 29, 2025 — Pakistan’s banking sector is witnessing a major reshuffle as new quarterly results reveal significant shifts in profitability rankings. According to financial disclosures for the quarter ended March 31, 2025, United Bank Limited (UBL) has overtaken Meezan Bank to become the most profitable bank in the country. UBL reported an impressive […]
EU/UAE/Global – After making waves across industries from smart tech R&D and manufacturing to cutting-edge fintech solutions, Sanso Technologies has announced the launch of its most ambitious innovation yet: SansoPay – a revolutionary digital payment platform set to redefine how the world sends, receives, and manages money. Backed by over two decades of technological leadership, Sanso […]
Karachi, April 28, 2025 — JS Bank, one of Pakistan’s fastest-growing financial institutions, has announced its financial results for the first quarter ended March 31, 2025, reporting a strong performance despite a challenging macroeconomic environment. The Bank posted an unconsolidated Profit Before Tax (PBT) of PKR 2.74 billion, while Profit After Tax (PAT) stood at […]
KARACHI: Habib Metropolitan Bank Limited (PSX: HMB) has announced its financial results for the current period, posting a profit after taxation of Rs6.24 billion, reflecting a nearly 2% increase compared to Rs6.12 billion in the same period last year. The bank’s Board of Directors has declared an interim cash dividend of Rs2.5 per share, equivalent […]
Islamabad, Pakistan – In a landmark move to bolster Pakistan’s entrepreneurial ecosystem, Karandaaz Pakistan, Accelerate Prosperity (an initiative of the Aga Khan Development Network), and Parwaaz Financial Services Ltd (PFSL) have announced a strategic partnership aimed at expanding access to finance for small businesses, with a special focus on women-led enterprises, climate-tech startups, and innovation-driven […]