BML Posts First Half-Year Pre-Tax Profit of PKR 1.44 Billion After Over a Decade
BML has reported its first half-year pre-tax profit in over a decade, posting PKR 1.44 billion for the period ending June 30, 2025, driven by strategic restructuring and improved operations.
SECP Unveils Strategic Overhaul to Strengthen Pakistan’s Mutual Funds Sector
The SECP has introduced major regulatory and digital reforms to modernize Pakistan’s mutual funds industry, including SRO status for MUFAP, a Digital AMC Framework, and an ETF development committee.
ADB Flags Pakistan’s Pension Scheme as Generous but Financially Unsustainable
ADB has warned that Pakistan’s pension scheme for government employees, while generous, lacks a sustainable funding structure and is placing pressure on national finances.
Finance Ministry Demands Special Audit of TCP Loans Amid High Interest Rates Dispute
The Finance Ministry has requested a special audit of TCP’s loans due to concerns over high interest rates. The probe seeks to determine if more competitive loan terms were available at the time.
State Bank of Pakistan Updates Foreign Exchange Exposure Limits for Authorized Dealers
SBP has revised the Foreign Exchange Exposure Limit for Authorized Dealers, now tying it to 7.5% of Tier-1 Capital. The new limits will be effective from August 4, 2025, aiming to improve forex risk management.
SBP Secures Rs639 Billion via Pakistan Investment Bonds Auction Amid Surging Demand
The State Bank of Pakistan raised Rs638.93 billion in its latest PIB auction, doubling its initial Rs300 billion target as investor interest surged across all maturities, signaling strong demand for government securities.
Systems Limited Projected to Reach Rs180/Share by June 2026 Amid Strong Global Expansion
Systems Limited is projected to reach Rs180/share by June 2026, driven by strong growth in MENA, strategic acquisitions, and robust export revenues. JS Global sees a 35% upside despite potential tax and currency risks.
Allied Bank Launches Enhanced Metaverse Banking Experience with Orion Platform
Allied Bank has launched its next-gen Metaverse banking experience built on Orion by Avanza, offering immersive and interactive financial services for a digitally native generation in Pakistan.
NIBAF and Bank Alfalah Collaborate for Exclusive Islamic Banking Certification Course in Karachi
NIBAF and Bank Alfalah completed the IBCC-74 Islamic Banking Certification Course in Karachi, aimed at enhancing officers’ knowledge of Shariah-compliant finance with top industry trainers.
NBP Collaborates with HAZECO to Enable Real-Time Digital Bill Collection via SMARTPAY and 1LINK
National Bank of Pakistan has partnered with HAZECO to launch end-to-end digital bill collection services using SMARTPAY and 1LINK Reverse Aggregation, streamlining utility payments for nearly 900,000 customers.