Soneri Bank Reports Rs 5.9 Billion Profit After Tax for 2024

Soneri Bank Reports Rs 5.9 Billion Profit After Tax for 2024

KARACHI: Soneri Bank Limited has announced its financial results for the year ended December 31, 2024, reflecting consistent growth despite economic challenges. The results were approved during the Bank’s 209th Board of Directors meeting held in Karachi and chaired by Amin A. Feerasta. The Bank reported a Profit Before Tax (PBT) of Rs 12.638 billion…

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SECP and SBP Collaborate on Same-Day Corporate Bank Account Opening Initiative

SECP and SBP Collaborate on Same-Day Corporate Bank Account Opening Initiative

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) are jointly working on a significant initiative aimed at streamlining corporate banking operations through the Same-Day Account Opening plan. According to details, this initiative will enable companies to establish banking relationships swiftly, reducing delays in accessing essential financial services…

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MCB Bank Reports Rs63.47 Billion Profit for 2024

MCB Bank Reports Rs63.47 Billion Profit for 2024

KARACHI: MCB Bank Limited, one of Pakistan’s largest commercial banks, has reported a profit-after-tax (PAT) of Rs63.47 billion for 2024, reflecting a 3% decline compared to Rs65.27 billion recorded in 2023. In its consolidated statement released to the Pakistan Stock Exchange (PSX) on Thursday, the bank reported earnings per share (EPS) of Rs53.35 for the…

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A Beginner's Guide to Personal Finance Management in Pakistan

A Beginner’s Guide to Personal Finance Management in Pakistan

In Pakistan, the importance of successfully managing personal finances cannot be overemphasized. When faced with fluctuating economic conditions and inflation impacting purchasing power, it is crucial to have a good financial plan. This guide will introduce you to the basics of personal finance management including budgeting, saving, investing and dealing with debts. Understanding Your Income…

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easypaisa Bank and Jubilee Life Insurance Partner to Offer Seamless Takaful Plans

easypaisa Bank and Jubilee Life Insurance Partner to Offer Seamless Takaful Plans

Karachi, Pakistan — easypaisa Digital Bank, Pakistan’s leading digital banking platform, has announced a strategic partnership with Jubilee Life Insurance Company Ltd. to integrate a range of Takaful plans, including health and life insurance, directly within the easypaisa app. This collaboration aims to empower customers with convenient access to best-in-class Shariah-compliant protection, supporting a more…

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JazzCash Partners with FAST-NUCES to Launch “Fintech Ecosystem”

JazzCash Partners with FAST-NUCES to Launch “Fintech Ecosystem”

Islamabad: JazzCash has joined hands with FAST National University of Computer and Emerging Sciences (FAST-NUCES) to introduce an elective course titled Fintech Ecosystems for students of the FAST School of Management. The 16-week course will be conducted by JazzCash’s future leadership team and aims to provide students with hands-on insights from fintech professionals. Designed to…

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Allied Bank Reports Rs. 44.4 Billion Profit for 2024

Allied Bank Reports Rs. 44.4 Billion Profit for 2024

Karachi, Pakistan – Allied Bank Limited (PSX: ABL) has reported a profit-after-tax (PAT) of Rs. 44.4 billion for the calendar year 2024, marking a 7 percent year-on-year (YoY) increase. The bank has declared a final dividend of Rs. 4 per share (40 percent), in addition to the interim dividend(s) already paid at Rs. 12 per…

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AdalFi and The Bank of Punjab Drive Innovation in Consumer and SME Lending

AdalFi and The Bank of Punjab Drive Innovation in Consumer and SME Lending

AdalFi, in partnership with The Bank of Punjab (BOP), is revolutionizing digital lending at scale, leveraging AI-driven solutions to enhance financial accessibility for individuals and SMEs. BOP has been at the forefront of digital transformation, integrating cutting-edge technology to offer seamless and instant financial solutions. Through its collaboration with AdalFi, the bank has introduced a…

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foodpanda Partners with Govt of Punjab and Wasl to Launch Electric Vehicles for Delivery Riders

foodpanda Partners with Govt of Punjab and Wasl to Launch Electric Vehicles for Delivery Riders

Lahore, Pakistan – In a groundbreaking move towards sustainable mobility, foodpanda, Pakistan’s leading food and grocery delivery platform, has officially introduced electric bikes (EVs) as part of its delivery fleet. This initiative, launched in collaboration with the Government of Punjab and Wasl, a non-banking finance company (NBFC), aims to reduce carbon emissions and promote eco-friendly…

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Halan Microfinance Bank Expands into Pakistan with $10 Million Investment

Halan Microfinance Bank Expands into Pakistan with $10 Million Investment

Karachi – Egyptian fintech Halan Microfinance Bank has officially entered the Pakistani market by acquiring Advance Microfinance Bank. The company aims to invest $10 million while building a $500 million loan portfolio over the next five years. Halan is set to launch a digital banking app this year and plans to expand its physical presence…

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