Cashless Economy Drive Faces Hurdles as Only 700,000 Retailers Adopt Digital Payments
Pakistan’s cashless economy initiative faces challenges as less than 700,000 retailers currently offer digital payment options, highlighting the gap between government targets and implementation.
Sindh Bank Reports Rs 2.5 Billion Pre-Tax Profit in Nine Months, Achieves Record Growth in Deposits and Advances
Sindh Bank posts a pre-tax profit of Rs 2.5 billion in nine months, marking significant growth in operating income, deposits, and advances, highlighting resilience and strong financial performance.
First Women Bank Limited Integrates with 1GO Raast P2M Service to Empower Merchants
First Women Bank Limited has joined the 1GO Raast P2M platform, enabling merchants across Pakistan to accept digital payments seamlessly, enhancing financial inclusion and streamlining transactions.
Bank Alfalah Partners with CDA to Launch Pakistan’s First Cashless Model City Initiative
Bank Alfalah has joined forces with the Capital Development Authority (CDA) to implement a cash‑less payment system in Islamabad, marking a milestone in Pakistan’s digital finance landscape.
NBP Reports Record Profit of Rs23.3 Billion in 3QCY25, Soars Over 650% Year-on-Year
The National Bank of Pakistan (NBP) achieved record-breaking profits of Rs23.3 billion in 3QCY25, marking a 650% year-on-year surge driven by stronger net interest income, higher gains on securities, and effective cost control.
Standard Chartered Bank Pakistan Sees Profit Dip to Rs22.5 Billion Amid Margin Compression
Standard Chartered Bank Pakistan’s profit fell 30.74% to Rs22.5 billion for the nine months ended September 2025 as compressed interest margins and weaker investment income weighed on earnings, though improved asset quality and rising fee-based income provided some stability.
Askari Bank Reports Rs18.2 Billion Profit in 9M 2025, Announces 12.5% Interim Dividend
Description: Askari Bank Limited reported a profit after tax of Rs18.2 billion for the nine months ended September 2025, up 28.5 percent year-on-year, alongside announcing a 12.5 percent interim dividend as part of its continued focus on growth and shareholder value.
State Bank Invites Proposals for WIFP Challenge Fund to Drive Gender-Inclusive Financial Innovation
The State Bank of Pakistan has opened submissions for the WIFP Challenge Fund 2025, inviting proposals to advance gender-inclusive financial innovation. The initiative aims to support ideas that use technology to improve women’s access to financial services across Pakistan.
MMBL and SMEDA Partner to Empower SMEs and Drive Inclusive Economic Growth
Mobilink Microfinance Bank Limited (MMBL) and the Small and Medium Enterprises Development Authority (SMEDA) have signed an MoU to enhance access to finance for small businesses across Pakistan, aiming to strengthen economic inclusion and support sustainable growth.
Faysal Bank Posts Rs15.5bn Profit for 9MFY25, Announces Rs1.5 per Share Dividend
Faysal Bank Limited posted a profit after tax of Rs15.55 billion for the nine months ended September 2025, down 24% year-on-year, and declared a Rs1.50 per share dividend. Despite higher expenses and tax pressure, the bank showed strong other income growth, improved asset quality, and continued investment in its digital and Islamic banking transformation.