Soneri Bank Profit Falls 31% to Rs3bn in 9MFY25 Despite Higher Total Income
Soneri Bank Limited reports a 31% decline in profit after tax to Rs3.30 billion in 9MFY25 despite a rise in total income. Higher operating costs and taxation impacted profitability, even as gains on securities and non-mark-up income provided some support.
Islamic Banking Professional Development Program Empowers Future of Financial Sector in Pakistan
NIBAF Pakistan launches the Islamic Banking Professional Development Program (IBPD – 28) to strengthen expertise in Islamic finance. The five-day program in Karachi brings together SBP and commercial bank officers for specialized training on Shariah-compliant banking principles and regulatory frameworks.
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.
Usman Shahid Joins National Bank of Pakistan as Group Chief – Corporate and Investment Banking
National Bank of Pakistan appoints Usman Shahid as Group Chief – Corporate and Investment Banking, leveraging his 27 years of global experience to strengthen its corporate and investment banking portfolio.
Bank Alfalah partners with DMUG to support acquisition of Ranipur Sugar Mills, boosting Pakistan’s sugar and agriculture sector
Bank Alfalah partners with United Deoomal Group to facilitate the acquisition of Ranipur Sugar Mills, reaffirming its commitment to support Pakistan’s sugar and agriculture sectors through long-term financing.
Askari Bank honored with ESG Excellence Award in Sustainable Finance at ESG Summit 2025
Askari Bank has won the ESG Excellence Award in the Sustainable Finance category at the ESG Summit 2025, recognizing its green banking initiatives, ESG disclosures, and early adoption of SBP ESRM Guidelines.
Pakistan’s Bank Deposits-to-GDP Ratio Drops to Lowest Level Among Peers: SBP
Pakistan’s deposits-to-GDP ratio has dropped to its lowest among peer economies despite record financial inclusion, according to SBP. Weak deposit growth, inflation, taxation, and religious factors are driving savers toward alternative assets, raising concerns about long-term investment financing and financial stability.
PSX Surges 1.49% as Banking Sector Drives Market Recovery Amid Improved Economic Sentiment
The Pakistan Stock Exchange surged 1.49% as the banking sector led a strong recovery, supported by a current account surplus, rising technology exports, and easing geopolitical tensions, signaling improved investor sentiment.
Muhammad Atif Hanif’s journey at Al Baraka Bank Pakistan inspires Islamic banking leadership
Muhammad Atif Hanif, President and CEO of Al Baraka Bank Pakistan Limited, is redefining leadership in Islamic banking through over 26 years of financial expertise, strategic policy contributions, and commitment to economic growth.
Pakistan’s Foreign Exchange Reserves Rise to $14.44 Billion, Boosting Economic Stability
Pakistan’s foreign exchange reserves climbed to $14.44 billion, reflecting improved external stability as the State Bank of Pakistan reports steady inflows and stronger fiscal indicators.