The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 24, 2024, approved the Bank’s… Read More
MCB Bank to Convert 39 Branches Into Islamic Banking Entities
MCB Bank Limited (PSX: MCB) has approved the Scheme of Compromises, Arrangements and Reconstruction for converting 39 branches into Islamic… Read More
Standard Chartered Pakistan Explains Reason Behind Recent Increase in Share Price
Standard Chartered Bank (Pakistan) Limited (PSX: SCBPL) has attributed the recent “unusual movement” in its share price to the bank’s… Read More
Allied Bank Posts 51% Profit Growth in First 3 Months of 2024
Allied Bank Limited (PSX: ABL) announced earnings (PAT) today for 1QCY24 at Rs. 11.6 billion, depicting an increase of 51… Read More
Bad Loans Rise Sharply Over Rs. 1 Trillion in 2023
Non-performing loans (NPLs) disbursed by the banking industry surged by more than Rs. 70 billion in 2023, the latest data… Read More
HBL Posts Rs. 15 Billion Profit After Tax in Q1 2024
HBL today declared a consolidated profit before tax of Rs. 30.1 billion for the quarter ended March 31, 2024, 40… Read More
SECP Officially Registers Bank of Punjab’s Exchange Company
The Securities and Exchange Commission of Pakistan (SECP) has officially registered The Bank of Punjab’s (PSX: BOP) exchange company. “We… Read More
UBL Partners with Euronet Pakistan for Cards Processing & Acquiring
Euronet Pakistan, a division of Euronet Worldwide (NASDAQ: EEFT) and an industry leader in processing secure electronic financial transactions, has… Read More
Meezan Bank Posts Rs. 25 Billion Profit For Q1 2024
Meezan Bank Limited (PSX: MEBL) has announced a profit after tax (PAT) of Rs. 25 billion, depicting an increase of… Read More
Telenor Microfinance Bank Announces PKR 1.2 Billion Pre-Tax Profit for Financial Year 2023
Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform easypaisa, announced its financial results for the year… Read More
Mobi Direct Withdraws Payment Gateway License From SBP
Mobi Direct has withdrawn its license from the State Bank of Pakistan for setting up an E-commerce Payment Gateway. The… Read More
UBL Posts 12% Rise in Profits for Q1 2024
United Bank (UBL) posted consolidated earnings of Rs. 16.1 billion during the quarter that ended on March 31, 2024, up… Read More