Banking
Bank Islami Profit Falls 49% to Rs6 Billion in 2025
Bank Islami Pakistan Limited (PSX: BIPL) reported a profit after tax of Rs6.0 billion for CY2025, marking a sharp 49% decline compared to Rs11.83 billion…
Banks Slash Export Finance Mark-Up by 3% to Boost Exports
Pakistan’s banking sector has reduced the mark-up rate on export financing by 3 percent, bringing the end-user rate under the Export Refinance Facility (ERF) down…
Bank Al Habib 2025 Profit Falls 23% Amid Higher Expenses and Lower Policy Rate
Bank Al Habib (PSX: BAHL) announced its 2025 financial results, reporting a consolidated profit-after-tax (PAT) of Rs. 32.46 billion, down 23 percent year-on-year (YoY). The…
Banks to Stay Open for Extended Hours on Saturday to Facilitate Tax Payments
In a move to ease taxpayer transactions, the State Bank of Pakistan (SBP) has announced that all commercial banks, including National Bank of Pakistan branches…
Banks, PBA Lose Appeals as Tribunal Upholds Rs205 Million ESA Penalty
The Competition Appellate Tribunal (CAT) has upheld penalties worth Rs. 205 million imposed on seven major banks and the Pakistan Banks Association (PBA), dismissing their…
AI Efficiency Gains May Put Thousands of Bank Jobs at Risk
A new AI impact on banking jobs report by Morgan Stanley warns that artificial intelligence could put up to 200,000 jobs at risk in Europe’s…
Pakistan’s Cashless Push Struggles to Match Regional Peers
Pakistan’s transition toward a cashless economy is accelerating, but the country still lags behind regional peers due to structural challenges in its digital payments ecosystem.…
AGP Flags Major Irregularities in NBP Stake Sale to Bestway Group
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
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
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
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
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
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…
