KARACHI, October 17, 2024 – Bank Alfalah Limited’s Board of Directors, in a meeting held today, approved the financial results for the nine-month period ending September 30, 2024, reflecting a strong performance across key metrics. The bank posted a profit after tax (PAT) of PKR 33.643 billion, marking a significant improvement of 23.5% compared to […]
KARACHI: The State Bank of Pakistan (SBP) will celebrate Women Entrepreneurship Day (WED) on November 19, 2024, with an event aimed at recognizing and promoting the vital role of women entrepreneurs in the country’s economy. The event will be inaugurated by SBP Governor Jameel Ahmad at the SBP headquarters and will gather top officials from […]
Karachi, October 16, 2024 – Soneri Bank Limited’s Board of Directors, in their 207th meeting held in Karachi, approved the Bank’s condensed interim financial statements for the nine-month period ending September 30, 2024. The results underscore consistent and sustained growth across all areas of the Bank’s operations. Soneri Bank reported a profit before tax (PBT) […]
HBL has announced a consolidated profit before tax of Rs 85.9 billion for the first nine months of 2024, marking a 3% increase compared to the same period last year. The bank’s strong performance, driven by its domestic businesses and steady international growth, led to a profit after tax of Rs 43.3 billion. Earnings per […]
In a significant step towards technological advancement, Systems Limited and EVAM have officially signed a Memorandum of Understanding (MoU), marking the beginning of a new era of collaboration. This partnership aims to deliver cutting-edge solutions designed to enhance enterprise agility, operational efficiency, and sustainable growth across industries, with a special focus on the banking and […]
In a groundbreaking move to promote financial inclusion and boost support for smallholder farmers, Fatima Fertilizer Company Limited and Zarai Taraqiati Bank Limited (ZTBL) have entered into a strategic partnership. This collaboration, the first of its kind in the agricultural sector, aims to integrate farmers into the formal financial system while providing them with crucial […]
Source: ProPakistani In response to the financial struggles faced by Pakistan’s salaried class, particularly frontline workers, Neem has launched Neem Paymenow, a Shariah-compliant Earned Wage Access (EWA) solution designed to provide timely financial relief. This innovative service aims to promote economic empowerment and ease the financial pressure experienced by salaried employees, particularly those in sectors […]
The State Bank of Pakistan (SBP) is expanding its groundbreaking RAAST payment system by onboarding the provincial chapters of Accountant Generals in Punjab, Balochistan, and Gilgit-Baltistan, according to the recently released “Annual Payment Review” by the central bank. The integration of these Accountant General offices into RAAST marks a significant step in the ongoing digital […]
KARACHI, October 15, 2024 — Standard Chartered Pakistan has entered into a strategic partnership with Gatronova Group, one of Pakistan’s leading conglomerates, by signing a Memorandum of Understanding (MoU). Through this collaboration, Standard Chartered will assume responsibility for Gatronova’s cash management and supplier financing requirements, offering tailored digital solutions to enhance operational efficiency and financial […]
ISLAMABAD, PAKISTAN (14 October 2024) — The Asian Development Bank (ADB) has announced the appointment of Xiaoqin (Emma) Fan as its new Country Director for Pakistan. Ms. Fan officially assumed her role today, joining the ADB’s Pakistan Resident Mission to oversee its operations in the country. In her new position, Ms. Fan will be responsible […]