HBL profits: Strong and steady Pakistan’s largest commercial bank, HBL started 2024 from where it left off in 2023. Another record quarterly profit... Published 25 Apr, 2024 09:05am
Business & Finance ‘Strong performance’: Standard Chartered explains reason for increase in share price Standard Chartered Bank (Pakistan) Limited (SCBPL), a subsidiary of Standard Chartered Plc, said on Tuesday that the... Updated 24 Apr, 2024 10:16pm
Markets Meezan Bank’s profit up nearly 65% in 1QCY24 Meezan Bank, the country’s largest Islamic bank, posted consolidated earnings of Rs25.54 billion for the first... Published 18 Apr, 2024 04:48pm
Business & Finance Dhaka-based Bank Asia looks to acquire Bank Alfalah Bangladesh In PSX notice, Bank Alfalah says it will now seek SBP approval for Bank Asia to commence due diligence on its Bangladesh entity Updated 17 Apr, 2024 06:14pm
Business & Finance Higher gains on securities: UBL’s profit up 12% during Jan-March United Bank Limited (UBL), one of the country’s largest commercial banks, posted consolidated earnings of Rs16.14... Updated 17 Apr, 2024 02:41pm
Business & Finance IMF warns financial risks linger amid ‘soft landing’ WASHINGTON: The International Monetary Fund is cautioning against overexuberance in markets as investors look for... Published 17 Apr, 2024 05:28am
Business & Finance Rs6.8bn mopped up thru auction for PIBs KARACHI: The federal government on Tuesday raised Rs 6.8 billion from the banking sector against the sale of... Published 17 Apr, 2024 05:28am
BR Research Favoured or just lucky? When it comes to savings, the public sector loves to stick to their own kind. According to a review of annual... Published 09 Apr, 2024 08:34am
Opinion Securing Pakistan’s banking and fintech revolution ‘Fraud Risk’, specifically also in Pakistani banking industry becomes a key component of Risk in last decade due... Updated 21 Mar, 2024 06:35am
Opinion It’s time for us to walk the talk!—II Entrepreneurs in Pakistan are second to none with numerous having earned recognition and respect internationally.... Published 14 Mar, 2024 03:00am
Business & Finance US bank profits drop 44pc in Q4 as big firms cover failed bank costs WASHINGTON: The US banking sector saw its profits drop by nearly half in the last quarter of 2024, as large firms... Published 08 Mar, 2024 03:14am
Business & Finance Ramazan 2024: minimum Nisab fixed at Rs135,179 for Zakat The government has fixed Nisab for Zakat for the year 1444-45 A.H at Rs135,179 for deduction from savings bank... Updated 07 Mar, 2024 06:40pm
Pakistan Moody’s upgrades Pakistan’s banking sector outlook from negative to ‘stable’ Banks' profitability, stable funding and liquidity provide adequate buffer to withstand the country's macroeconomic challenges and political turmoil, says report Updated 07 Mar, 2024 05:23pm
Business & Finance Bank of Khyber’s profit shoots to Rs3.5bn, 665% higher YoY in 2023 Bank of Khyber (BoK) saw its earnings skyrocket to Rs3.48 billion in 2023, up nearly 665% from the profit-after-tax... Published 07 Mar, 2024 03:24pm
Business & Finance Bank Makramah’s loss increases to Rs5.3bn in 2023 Bank Makramah Limited (BML), formerly known as Summit Bank Limited, posted losses to the tune of Rs5.33 billion in... Published 04 Mar, 2024 05:00pm
Business & Finance Mobilink Bank’s ‘Change to Sustain’ programme drives sustainability with Rs2.5bn KARACHI: Mobilink Bank, a leader in digital financial services, launched its sustainability program, “Change to... Published 01 Mar, 2024 02:59am
Business & Finance Mobilink Bank witnesses 72pc revenue growth KARACHI: Mobilink Bank achieved multiple financial milestones in 2023, solidifying its position in the banking... Published 23 Feb, 2024 06:36am
Business & Finance Meezan Bank’s profit up nearly 91% in 2023 Meezan Bank, the country’s largest Islamic bank, posted earnings of Rs86.02 billion for calendar year 2023, up... Updated 15 Feb, 2024 10:42pm
Business & Finance Faysal Bank sees 77% growth in profit in 2023 Faysal Bank declared a consolidated profit after tax (PAT) of Rs20.25 billion for the year 2023, nearly 77% higher... Published 07 Feb, 2024 05:43pm
Business & Finance Record profit: MCB Bank posts earnings of Rs65.3bn in 2023, up over 89% YoY MCB Bank Limited, one of Pakistan’s largest commercial banks, reported its highest-ever yearly profit, driven by an... Updated 06 Feb, 2024 10:03pm
Business & Finance Bank Alfalah’s profit jumps over 96% in 2023 Bank Alfalah has posted a consolidated profit after tax of Rs36.09 billion during the year 2023, which is over 96%... Published 01 Feb, 2024 02:43pm
Editorials MPS strong reflection of state of economy? EDITORIAL: The 29 January 2024 Monetary Policy Statement (MPS) can best be described as a whimper rather than a... Updated 31 Jan, 2024 06:13am
Pakistan Alvi underscores need for financial inclusion of special people KARACHI: President Dr Arif Alvi Saturday said the financial inclusion of special people would have a positive effect... Published 28 Jan, 2024 02:43am
Markets SECP gives go-ahead to Faysal Bank’s wholly-owned EC The Securities and Exchange Commission of Pakistan (SECP) has issued the Certificate of Incorporation to Faysal... Published 17 Jan, 2024 04:58pm
Business & Finance Bank Alfalah launches 1000th branch; surpasses Rs2trn deposits KARACHI: Bank Alfalah Limited, one of the leading commercial banks in Pakistan, achieved two significant milestones... Published 07 Jan, 2024 02:43am
Business & Finance Bank Alfalah launches 1000th branch, surpasses Rs2trn deposits KARACHI: Bank Alfalah Limited, one of the leading commercial banks in Pakistan, achieved two significant milestones... Published 05 Jan, 2024 03:12am
Business & Finance SBP chief urges banks to increase presence in agriculture sector Governor of State Bank of Pakistan (SBP) Jameel Ahmad urged banks to ensure easy, timely and hassle-free access of... Updated 15 Dec, 2023 10:14pm
Business & Finance Loss against bank loan: Borrower may seek damages, say experts LAHORE: Borrowers can seek damages if they suffer from financial loss while taking certain steps in line with the... Published 10 Dec, 2023 03:33am
Markets Experts see status quo in last monetary policy announcement of 2023 The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is set to meet on Tuesday, December 12,... Updated 06 Dec, 2023 10:41pm
Markets Banks, cement sectors lead rally KARACHI: Pakistan Stock Exchange on Monday witnessed a bullish trend and hit new highest-ever levels on the back of... Published 28 Nov, 2023 04:57am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?