BankIslami Q1 2026 Profit Plummets 65% as Securities Gains Collapse
BankIslami Pakistan reports a sharp decline in consolidated profit for Q1 2026, falling to Rs 903.88 million amid shrinking core margins and a 97% drop in securities gains.
Bank of Khyber Q1 2026 Profit Declines 36% Amid Shifting Interest Rates and Lower Trading Gains
The Bank of Khyber reports a net profit of Rs 1.02 billion for the first quarter of 2026, facing a sharp 36.65% decline due to compressed core margins and a collapse in securities gains.
Symmetry Group Subsidiary Iris Digital Secures Rs 1.5 Billion Service Agreement with Jazz
Iris Digital, a subsidiary of Symmetry Group, signs a three-year deal with Jazz for digital services, expected to generate Rs 500 million in annual revenue.
Askari Bank Q1 2026 Profit Declines 8% as Surge in Operating Costs Offsets Non-Funded Gains
Askari Bank Limited reports a net profit of Rs 6.58 billion for Q1 2026, with an 8% year-on-year dip attributed to rising operational overheads despite a surge in securities gains.
IMF Executive Board to Convene May 8 for $1.2 Billion Tranche Release to Pakistan
The IMF Executive Board will meet on May 8 to consider releasing a $1.2 billion payout for Pakistan, including funds for climate reforms and the EFF program.
Remittance Revolution: Pakistan Launches RDA 2.0 to Bridge Trade Gap and Attract Global Investment
With remittances covering 130% of the trade deficit in FY25, Pakistan expands the Roshan Digital Account (RDA) framework to foreign investors to stabilize the economy.
Shakeel Ahmed Jagirani Elevated to Director Regional Manager at Easypaisa Digital Bank
Easypaisa Digital Bank promotes Shakeel Ahmed Jagirani to Director and Regional Manager for Sukkur to lead regional business growth and digital financial expansion.
Pakistan Clears $3.45 Billion UAE Debt Following Final Tranche Repayment
The State Bank of Pakistan confirms the full repayment of $3.45 billion in deposits to the UAE using new financing from Saudi Arabia to maintain reserve stability.
Pakistan and IMF Finalize Strict Fiscal Targets for 2026 Budget to Secure Economic Stability
Pakistan commits to a Rs2.8 trillion primary surplus and a $5.6 billion reserve boost in a landmark fiscal agreement with the IMF to stabilize the national economy.
JS Rental REIT Public Subscription Opens: SECP Approves Listing of Pakistan’s 6th REIT
JS Rental REIT’s public subscription opens May 5-6, 2026. SECP approves the listing of 53.6 million units at a fixed price, marking a major shift in Pakistan’s real estate investment.