The banking sector’s gross Advance-to-Deposit Ratio (ADR) maintained its downward trajectory, clocking in at 38% as of June 2025. The banking sector’s ADR stood at 38.1% as of June 2025, down from 39.8% recorded in May 2025, reflecting a decrease of 172 basis points (bps), stated brokerage house Arif Habib Limited (AHL) on Tuesday. On […]
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has partnered with Smart1-Tech (Pvt.) Ltd., a fast-growing Fintech company focused on digital payments and acceptance solutions. This partnership aims to expand secure, cashless payment options for Micro, Small, and Medium Enterprises (MSMEs). This collaboration underscores FBL’s commitment to financial inclusion through Fintech partnerships, especially […]
Banking sector deposits increased by 14.1 percent year-on-year (YoY) in June 2025, according to the latest data from the State Bank of Pakistan. Banking deposits increased to Rs. 35.5 trillion as of June 2025 (June 2024: Rs. 31.1 trillion), while advances also increased by 8.7 percent YoY to Rs. 13.5 trillion during the same period […]
KARACHI: The Finance Minister Muhammad Aurangzeb on Monday appreciated the State Bank of Pakistan (SBP) and banks for achieving stellar growth of 41 percent in SME finance and appreciable growth of 15 percent in agri financing during FY25. He was addressing a meeting of banks’ CEOs/Presidents at SBP head office Karachi. The meeting was co-chaired […]
KARACHI: United Bank Limited (PSX: UBL) has declared an interim cash dividend of Rs8 per share, after posting a 106% year-on-year increase in its after-tax profit for the half-year ended June 30, 2025. The bank’s profit soared to Rs64.7 billion, up from Rs31.4 billion in the same period last year, driven by a significant rise […]
KARACHI: The State Bank of Pakistan (SBP) has announced the appointment of Primary Dealers (PDs) and Special Purpose Primary Dealers (SPDs) for the fiscal year 2025-26. Applications for the selection of PDs and SPDs were invited on May 7, 2025, from all eligible institutions under the relevant rules. After evaluating the applications in line with […]
KARACHI: The State Bank of Pakistan (SBP) has officially launched the Women Entrepreneurship (WE) Finance Code, an international collaborative initiative designed to boost financial institutions’ disclosure and commitment toward funding Women Micro, Small, and Medium Enterprises (WMSMEs). Originally launched by the World Bank Group in 2023, the WE Finance Code aims to close the global […]
KARACHI: Jubilee Life Insurance has partnered with National Bank of Pakistan (NBP) to launch two financial protection plans: Jubilee Sehat Shifa Takaful (Shariah-compliant) and Jubilee Aitebaar Plan (Conventional). The initiative aims to expand access to quality healthcare and financial security across Pakistan. The signing ceremony was with key representatives from both organizations, including Faisal Ahmed […]
KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) has joined hands with JazzCash to facilitate and grow inland home remittance transactions to Pakistan through innovative, easy and seamless digital financial solutions. A Memorandum of Understanding (MoU) was signed at Dubai Islamic Bank’s Head Office in the presence of senior management from both organisations. This strategic collaboration […]
A total of five listed companies have a market cap ranging from $2.05 billion to $3.46 billion as of July 7, 2025. The Pakistan Stock Exchange (PSX) has hit record highs in recent weeks with its benchmark KSE-100 Index sitting pretty at over 130,000. It hit an all-time high of 131,949.07 on Friday, with analysts attributing […]