Karachi: Allied Bank Limited (ABL) has demonstrated remarkable financial growth in 2024, with significant improvements in profitability, asset expansion, and customer-centric innovations. The bank successfully navigated challenging market conditions, reinforcing its industry leadership. Financial Performance Overview ABL reported a 5% increase in markup income, reaching Rs 376,760 million in 2024, compared to Rs 357,307 million […]
Gilgit-Baltistan, Pakistan – HBL Microfinance Bank (HBL MfB) has signed a strategic agreement with the Economic Transformation Initiative, Gilgit-Baltistan (ETI-GB), to expand financial inclusion for rural farmers in the region. The collaboration aims to enhance access to finance, empowering small-scale farmers and agribusinesses. The Gilgit-Baltistan Rural Support Program (GBRSP) will serve as the implementing partner […]
Riyadh, Saudi Arabia – February 2025 – AutoSoft Dynamics, a subsidiary of Constellation Software Inc. (CSI), has taken a significant step toward expanding its presence in Saudi Arabia by signing a teaming agreement with Azeemi Technologies. The agreement, formalized on the first day of the LEAP 2025 technology conference, aims to introduce cutting-edge banking solutions […]
Islamabad, February 12, 2025 – Pakistan Telecommunication Company Limited (PTCL) has announced its financial results for the year ending December 31, 2024, showcasing a stellar performance with double-digit revenue growth of 17%. The PTCL Group continues to solidify its position as the country’s leading integrated telecom service provider. PTCL Group Key Financial Highlights PTCL Group […]
Karachi, Pakistan – Faysal Bank Ltd. (FBL), a leading Islamic bank in Pakistan, has entered into a strategic partnership with Alliance Network to transform digital payment acceptance for small and medium-sized enterprises (SMEs). This collaboration aims to expand Pakistan’s digital payment infrastructure, enabling businesses to embrace cashless transactions and enhance their growth through innovative financial […]
Karachi – Visa (NYSE: V), a global leader in digital payments, has released a whitepaper emphasizing the benefits of digitizing SME payments, identifying over $121 billion worth of SME B2B transactions in Pakistan primed for digital transformation. Umar S. Khan, Country Manager for Pakistan & Afghanistan at Visa, highlighted the critical role of SMEs in the […]
KARACHI: Soneri Bank Limited has announced its financial results for the year ended December 31, 2024, reflecting consistent growth despite economic challenges. The results were approved during the Bank’s 209th Board of Directors meeting held in Karachi and chaired by Amin A. Feerasta. The Bank reported a Profit Before Tax (PBT) of Rs 12.638 billion […]
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) are jointly working on a significant initiative aimed at streamlining corporate banking operations through the Same-Day Account Opening plan. According to details, this initiative will enable companies to establish banking relationships swiftly, reducing delays in accessing essential financial services […]
KARACHI: MCB Bank Limited, one of Pakistan’s largest commercial banks, has reported a profit-after-tax (PAT) of Rs63.47 billion for 2024, reflecting a 3% decline compared to Rs65.27 billion recorded in 2023. In its consolidated statement released to the Pakistan Stock Exchange (PSX) on Thursday, the bank reported earnings per share (EPS) of Rs53.35 for the […]
Karachi, Pakistan — easypaisa Digital Bank, Pakistan’s leading digital banking platform, has announced a strategic partnership with Jubilee Life Insurance Company Ltd. to integrate a range of Takaful plans, including health and life insurance, directly within the easypaisa app. This collaboration aims to empower customers with convenient access to best-in-class Shariah-compliant protection, supporting a more […]