Bank Deposits in Pakistan Reach Record High of Rs. 31.34 Trillion, Driven by Strong Growth
By the end of September 2024, bank deposits in Pakistan reached an unprecedented Rs. 31.34 trillion, marking a significant milestone…
HBL’s 9M 2024 Profit Rises to Rs. 43.3 Billion, Reflecting Robust Performance
Habib Bank Limited (HBL) has announced a notable financial performance for the first nine months of 2024, declaring a consolidated…
HBL Honored with ‘Best Conventional Bank of the Year Excellence Award’ by FPCCI
HBL has been recognized as the ‘Best Conventional Bank of the Year’ by the Federation of Pakistan Chambers of Commerce…
Deposit Protection Corporation Raises Deposit Guarantee to PKR 1 Million, Ensuring Greater Financial Security
The Deposit Protection Corporation (DPC) has raised the guarantee coverage for eligible depositors of its member banks, doubling the protected…
Bank Alfalah Wins Two Global Islamic Finance Awards at GIFA 2024
Bank Alfalah, one of Pakistan’s leading commercial banks, has earned international recognition by securing two prestigious awards at the 2024…
Faysal Bank and IFC Partner to Enhance Trade Finance with Guarantee Facility
Faysal Bank Limited (FBL) has entered a new strategic partnership with the International Finance Corporation (IFC), a member of the…
Investment-to-Deposit Ratio Surpasses 100% While Advance-to-Deposit Ratio Hits Record Low
In a significant shift within Pakistan’s banking sector, the Investment-to-Deposit Ratio (IDR) has exceeded 100% for the first time, while…
Faysal Asset Management Earns Prestigious ‘AM1’ Rating from VIS Credit Rating Company
Faysal Asset Management Limited (FAML), a subsidiary of Faysal Bank Limited, has achieved a major milestone by securing an ‘AM1’…
PSX Hits 80,000 Mark with 970-Point Surge Amid Broad-Based Gains
The Pakistan Stock Exchange (PSX) achieved a significant milestone on Wednesday as its 100-Index surged past the 80,000 mark, closing…
Banking Sector Profit Margins Rise by 1.1% in H1 2024 Amid Macroeconomic Shifts
The State Bank of Pakistan (SBP) has revealed that the banking sector saw a modest increase in profits, growing by…

