Pakistan, one of the largest Muslim-majority nations in the world, has yet to establish a fully operational Islamic Digital Banking.… Read More
HBL and S&P Global Launch the Pakistan Manufacturing Purchasing Managers’ Index (PMI) to Enhance Economic Insights
HBL, in collaboration with S&P Global, announced the launch of the HBL S&P Global PMI®️ (Purchasing Managers’ Index™️) series for… Read More
HBL Microfinance Bank and IFC Sign $80 Million Risk Sharing Agreement
HBL Microfinance Bank (HBL MfB) has signed a US$ 80 million Risk Sharing Agreement (RSA or the facility) with the… Read More
Meezan Bank Breaks All-Time Record for Profit in 2024
Meezan Bank (MEBL) announced its calendar year 2024 results today, whereby the bank’s earnings surged to Rs. 101.5 billion (EPS… Read More
Pakistan Banking Summit 2025 to Be Held in Last Week of February
The Pakistan Banks Association (PBA) has officially announced the launch of the Pakistan Banking Summit 2025 (PBS’25), a landmark industry-led… Read More
SBP Revises Mechanism for Buyback of Govt Securities
The State Bank of Pakistan (SBP) revised its mechanism for the buyback of government securities, saying that it will conduct… Read More
FBR Chairman Announces Decision on Freezing Bank Accounts of Non-Filers
The Federal Board of Revenue (FBR) will not allow banks to freeze accounts or block transactions of non-filers. This was… Read More
Faysal Bank Partners with Alliance Network to Enhance Digital Payments
Faysal Bank Ltd. (FBL), a leading Islamic bank in Pakistan, has joined hands to form a strategic partnership with Alliance… Read More
85% of Pakistan’s B2B Transactions Still Cash-Based: Visa Report
Visa (NYSE: V), a world leader in digital payments, today released a whitepaper highlighting the advantages of digitizing SME payments… Read More
HBL Allocates Deferred Compensation in Shares for Key Executives in a Trust
Habib Bank Limited (PSX: HBL) informed the main bourse today that the deferred component for the variable compensation for Material… Read More
SBP Bought $3.8 Billion From Banks in First 4 Months of FY25
The State Bank of Pakistan (SBP) bought $3.8 billion from the interbank market in June-October 2024 to increase forex reserves… Read More
Allied Bank Posts Rs. 44.4 Billion Profit for 2024
Allied Bank Limited (PSX: ABL) announced a profit-after-tax of Rs. 44.4 billion (PAT) for the calendar year 2024, depicting an… Read More
