National Bank of Pakistan (NBP) has become the fifth listed bank on the Pakistan Stock Exchange to surpass a market capitalization of USD 1 billion. The bank has delivered an exceptional 338 percent return so far in calendar year 2024, making it one of the top-performing stocks this year. With a Capital Adequacy Ratio (CAR) […]
HBL and the National Clearing Company of Pakistan Limited (NCCPL) have signed a Memorandum of Understanding (MoU) to enhance the role of commercial banks in Pakistan’s capital markets. This important agreement positions HBL as the first bank to form a partnership with NCCPL. Under this MoU, HBL aims to pursue opportunities in capital markets such […]
LAHORE: Allied Bank has officially launched its upgraded immersive banking experience in the Metaverse, marking a bold new chapter in the evolution of digital banking in Pakistan and the wider region. Building on its 2022 debut as the first Pakistani bank to enter the Metaverse, Allied Bank’s enhanced platform delivers a visually richer, feature-packed, and […]
Lahore, August 04, 2025 — Behtari, a digital investment platform dedicated to make wealth building simple and accessible for all Pakistanis, is pleased to announce a strategic partnership with Al Meezan Investment Management Limited, the country’s largest Shariah Compliant Asset Management Company. This collaboration allows users to invest directly in Al Meezan’s Shariah Compliant mutual […]
More than two decades ago, Veronica Studsgaard found herself navigating the complexities of a new business in an unfamiliar industry. With limited access to peers and no clear platform for collaboration, she recognised a critical gap in the cross-border payments sector. Determined to create a space for knowledge exchange, partnership and innovation, Veronica founded the International Association […]
Karachi, August 1, 2025 — Bank Makramah Limited (BML) has reported a remarkable financial turnaround, posting a pre-tax profit of Rs 1.44 billion and an after-tax profit of Rs 707 million for the half-year ending June 30, 2025 — marking the bank’s first profit in over ten years. The results were approved during a meeting […]
Karachi, Pakistan – Kuickpay has announced a strategic partnership with Visa, the world leader in digital payments, to launch an innovative Business Payment Service Provider (BPSP) platform. This collaboration aims to modernize business-to-business (B2B) payments and invoice financing across Pakistan. The new platform is set to empower businesses in Pakistan by digitizing and optimizing their […]
KARACHI: In a significant move to bolster financial stability and align domestic banking practices with international standards, the State Bank of Pakistan (SBP) has unveiled a comprehensive Regulatory Framework on Recovery Planning for all banks operating in the country. This new framework sets out supervisory expectations and aims to harmonize recovery planning across the banking […]
Islamabad, July 31, 2025 — The Oil & Gas Development Company Limited (PSX: OGDC) has surged past the Rs. 1 trillion market capitalization mark, following the announcement of a groundbreaking oil exploration deal between the Government of Pakistan and the Trump administration in the United States. The strategic agreement, unveiled on Wednesday, centers on joint […]
HBL today declared a record consolidated profit before tax of Rs 75.3 billion for the half year ended June 30, 2025, 30% higher than in the same period last year. The profit after tax increased 19% to Rs 34.4 billion despite a 4% higher tax rate further burdening banks. EPS for H1’25 improved from Rs […]