Bank Alfalah Posts PKR 15.27 Billion Profit in 1H 2025, Focuses on Digital Growth and Strategic Lending
Bank Alfalah reported PKR 15.27 billion profit after tax for the first half of 2025, maintaining strong capital reserves and advancing its strategy in corporate, SME, and digital banking growth despite market challenges.
SBP Launches Unified Digital Framework to Simplify Bank Account Opening for Individuals and Businesses
The State Bank of Pakistan has introduced a streamlined digital framework for customer onboarding, reducing paperwork and improving turnaround times for individuals and businesses opening accounts, while also pushing digital payment acceptance across merchants nationwide.
Roshan Digital Account Inflows Decline by 9% in June 2025 Despite Annual Growth
June 2025 saw a 9% drop in monthly inflows through Roshan Digital Accounts compared to last year, despite the platform recording strong annual growth. The decline raises questions around remittance behavior, investment sentiment, and future trends in diaspora banking.
PBA Leads Pakistan’s Banking Sector with Focus on Inclusion and Strategic Reforms
Pakistan Banks’ Association (PBA), under the leadership of Muneer Kamal, reinforces its mission to build an inclusive banking ecosystem by driving policy reforms and strategic collaborations across the financial sector.
BankIslami Rejects Claims of Unusual Share Price Movement, Attributes Gains to Market Interest
BankIslami Pakistan Limited has dismissed speculation over unusual changes in its stock price and volume, stating recent movements are likely tied to general investor interest and market dynamics, not undisclosed developments.
State Bank’s Deputy Governor Engages SBOTS-27 Trainees in Insightful Dialogue on Pakistan’s Evolving Financial Sector
Deputy Governor of the State Bank of Pakistan, Saleemullah, recently met with participants of the State Bank Officer Training Scheme’s 27th batch, offering insights into the country’s dynamic financial sector and the evolving role of central banking.
VIS Raises Faysal Bank’s Credit Ratings to ‘AA+’, Citing Robust Islamic Banking and Financial Strength
VIS Credit Rating Company upgrades Faysal Bank’s ratings to ‘AA+/A1+’, highlighting strong Islamic banking growth, digital strategy, asset quality, and a stable financial outlook.
Bank Makramah Advances Recapitalization with PKR 50 Billion Boost from Sponsor Support and Asset Strategy
Bank Makramah Limited ramps up recapitalization through PKR 15 billion sponsor injections, PKR 12 billion asset sale, and major loan recoveries, strengthening its position in Pakistan’s banking landscape.
Bank of Punjab Joins Hands with Surfin Meta to Advance AI-Powered Digital Banking in Pakistan
The Bank of Punjab has signed an MoU with Singapore-based Surfin Meta to explore AI-driven credit scoring, digital onboarding, and advanced merchant solutions, marking a strategic move to elevate digital banking in Pakistan.
Banks increase ATM fees for cash withdrawals at other banks, raising costs for consumers
Banks in Pakistan have raised fees for cash withdrawals at ATMs of other banks from Rs. 23.44 to Rs. 35, impacting millions of customers who now face higher costs when accessing their funds through interbank networks.