Meezan Bank Posts 11% Decline in Q3CY25 Profit Amid Rising Costs and Lower Income
Meezan Bank Limited, Pakistan’s largest Islamic bank, reported an 11% year-on-year decline in profit after tax for the third quarter of CY25, citing higher operating expenses and lower net returns.
Pakistani Rupee Inches Up Against US Dollar Amid Global Market Shifts
The Pakistani rupee saw a marginal gain against the US dollar in inter-bank trading on Monday, supported by stable domestic flows and muted global currency volatility, as global markets reacted to political and monetary developments in Japan and the United States.
SBP Clarifies: No Major Revisions Expected in Trade and Current Account Data After PBS Updates
The State Bank of Pakistan (SBP) has issued a clarification stating that its trade and current account figures will not see significant revisions following Pakistan Bureau of Statistics (PBS) trade data adjustments, as SBP’s calculations rely primarily on actual payment records from banks.
Pakistan’s Exports Slip While Imports Surge in Q1 FY26, Widening Trade Deficit
Pakistan’s exports dropped 3.83 percent in the first quarter of FY26 to USD 7.60 billion, while imports surged 13.49 percent, raising concerns over the widening trade deficit and structural challenges in the export sector.
SBP Issues New Timelines for Export Payment Realization to Strengthen Trade Discipline
The State Bank of Pakistan has set clear timelines for export payment realization, requiring exporters to bring back proceeds within defined periods to ensure discipline and strengthen external sector stability.
Faysal Bank Reports 23% Decline in Half-Year Profit as Expenses Rise
Faysal Bank Limited reported a 23% drop in profit after tax to Rs10.42 billion for the first half of 2025, as rising operating expenses and weaker returns weighed on earnings despite growth in fee and forex income.
Allied Bank Reports 25% Profit Decline in First Half of 2025 Amid Rate Cuts and Rising Costs
Allied Bank Limited posted a 25% decline in net profit for the first half of 2025, as interest margins narrowed due to SBP’s monetary easing and costs continued to rise. Despite the dip, the Bank announced a Rs4 per share interim dividend, highlighting its focus on shareholder returns and income diversification.
SBP Raises Rs636 Billion Through Treasury Bills and Floating PIBs in Latest Debt Auctions
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UBL’s Profit Soars 106% to Rs65 Billion in First Half of 2025, Driven by Robust Interest Earnings
United Bank Limited (UBL) has posted a hefty 106% year-on-year rise in net profits to nearly Rs65 billion for the first half of 2025, supported by a strong surge in interest income and healthy payout to shareholders.