Allied Bank Maintains 120% Dividend Despite 27% Profit Decline in 9MFY25
Allied Bank Limited reported a 27% drop in profit after tax to Rs26.81 billion for the nine months ended September 2025 but maintained a strong 120% dividend payout. Despite lower interest income, ABL posted growth in digital and fee-based revenues, highlighting resilience and long-term confidence in Pakistan’s banking sector.
The Bank of Punjab Honored as Top Bank for Financial Inclusion at 9th Annual Microfinance Conference
The Bank of Punjab has been recognized as the Top Bank for Financial Inclusion at the 9th Annual Microfinance Conference. The award celebrates the bank’s initiatives to expand access to finance, promote inclusion, and empower underserved communities through digital solutions and innovative banking strategies.
Askari Bank and 1LINK join hands to drive cashless payments with 1GO Raast P2M acceptance
Askari Bank and 1LINK have signed an agreement to enable 1GO Raast P2M acceptance, allowing merchants to receive secure, instant payments through interoperable QR codes, supporting Pakistan’s move towards a cashless economy.
SBP and Industry Leaders Unite to Drive Islamic and Digital Banking Evolution in Pakistan
Senior officials from the State Bank of Pakistan and leading bankers have called for stronger collaboration to accelerate the digital and Islamic banking transformation in Pakistan. Speaking at the “NextGen Islamic Banking in Pakistan – 2025” forum, they emphasized innovation, regulatory alignment, and partnership-driven growth to shape a Shariah-compliant digital financial ecosystem.
NIBAF Advances Digital Transformation with AI Leadership Code Training
NIBAF Pakistan conducted a two-day AI Leadership Code training on October 20–21, 2025, in Karachi. Led by Mr. Jibran Bashir, the program focused on AI strategy, governance, and leadership transformation, empowering officers from SBP, NIBAF, and commercial banks to lead digital change.
Paysys Labs and Al Baraka Bank Pakistan collaborate to implement SWIFT MT-MX Converter for ISO 20022 migration
Paysys Labs and Al Baraka Bank Pakistan have partnered to implement the SWIFT MT-MX Converter powered by OpenConnect, enabling the bank to align with SWIFT’s ISO 20022 CBPR+ standards and strengthen its digital financial infrastructure.
NBP and NAB join forces to digitize refund disbursements with secure SmartPay solution
National Bank of Pakistan and NAB have partnered to digitize and secure refund transactions through SmartPay, streamlining disbursements and enhancing transparency in Pakistan’s financial ecosystem.
Fintech Trailblazers Emerge as Top 4 Winners at Allied Bank Fintech Hackathon 2025
Allied Bank announces the top 4 winners of its Fintech Hackathon 2025 early-stage category, showcasing groundbreaking ideas shaping the future of digital finance in Pakistan.
TMC and Azentio to Host NextGen Islamic Banking 2025 Event in Karachi
TMC and Azentio are set to host NextGen Islamic Banking 2025 in Karachi, bringing together senior banking leaders to explore the future of Shariah-compliant finance and digital transformation.
Bank of Punjab Wins Dual Honors at ESG Business Awards 2025 for Digital Inclusion and Diversity
The Bank of Punjab (BOP) has been recognized at the ESG Business Awards 2025, securing two major honors — the Digital Inclusion Award and the Inclusion & Diversity Award. The recognition highlights BOP’s continued efforts toward digital innovation, equitable access to finance, and its commitment to fostering an inclusive financial ecosystem across Pakistan.