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.
AGP Report Highlights Major Discrepancies in Tax and Refund Data Between FBR and SBP
The Auditor General of Pakistan has identified significant discrepancies of billions of rupees between the Federal Board of Revenue and State Bank of Pakistan’s tax collection and refund figures for FY 2023-24, raising concerns over data accuracy and financial transparency.
NIBAF Strengthens Reporting on Chart of Account Returns with IFRS-9 Focused Training
NIBAF Pakistan hosted a training on August 22, 2025, to enhance reporting on Chart of Account Returns in light of IFRS-9, led by SBP Deputy Director Hassam ul Haque, with participation from officers of commercial banks.