Banking
AGP Flags Major Irregularities in NBP Stake Sale to Bestway Group
3 min read
The Auditor General of Pakistan (AGP) has accused the National Bank of Pakistan (NBP) of major procedural and financial discrepancies in the NBP stake sale,…
HBL Profit Rises as Bank Cuts Provisioning Costs
2 min read
Habib Bank Limited (PSX: HBL) has announced its financial results for the nine months ended September 30, 2025, reporting a profit after tax (PAT) of…
After HBL, UBL, Meezan Bank Also Announces Saturday Banking Hours
2 min read
Meezan Bank has announced revised Saturday banking hours, joining other major banks such as Habib Bank Limited (HBL) and United Bank Limited (UBL) in offering…
Pakistan’s IT Exports Jump 24% in July 2025
2 min read
Pakistan’s information technology (IT) and IT-enabled services (ITeS) exports showed strong growth in July 2025. Exports rose by 24 percent year-on-year, reaching $354 million compared…
MCB Bank Profit Drops in H1CY2025
2 min read
MCB Bank Limited (PSX: MCB) has reported a 15.52% decline in profit attributable to equity shareholders for the half-year ended June 30, 2025. The MCB…
Bank Al Habib to shut down Kenya office amid Global Restructuring
2 min read
Bank Al Habib Kenya operations will officially end on May 15, 2025, after seven years of presence in the country. The decision, approved by the…
Bank Alfalah Bangladesh Acquisition Falls Through as HNB Withdraws Interest
2 min read
Bank Alfalah Limited (PSX: BAFL) confirmed on Friday that the proposed Bank Alfalah Bangladesh acquisition by Sri Lanka’s Hatton National Bank (HNB) will no longer…
Moody’s Upgrades Pakistan’s Banking Outlook to Positive
2 min read
ISLAMABAD: In a major boost for Pakistan’s banking sector, global credit rating agency Moody’s has revised the country’s banking outlook from stable to positive. “We…
NBP Shutting Down Operations in Central Asia
2 min read
The National Bank of Pakistan (NBP) is set to wind down its operations in the capitals of Kyrgyzstan, Azerbaijan, and Kazakhstan in the coming weeks,…
Meezan and HBL Lead as BML and BOP Struggle in Pakistan’s Banking Sector
3 min read
ISLAMABAD: Pakistan’s banking sector reported strong earnings for 2024, but newly released 4Q2024 financial data reveals a growing gap between leading banks and struggling institutions.…
Rs. 1.47 Trillion Surge in Banking Sector in October 2024
2 min read
In October 2024, with a surge of 1.47 trillion rupees in advances, banks have been aggressively lending to certain consumers to avoid penalties imposed by…
UBL Proposes Merger with Silkbank
2 min read
United Bank Limited (PSX: UBL) has offered to merge Silkbank Limited (PSX: SILK) under Section 48 of the Banking Companies Ordinance, 1962 (Amalgamation). This proposal…
Pakistan Sets January 2028 Deadline to Eliminate Interest-Based Banking
2 min read
The 26th Constitutional Amendment Bill, 2024, passed today in the early hours has provided a time frame of 1st January 2028 for the eradication of…
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