Pakistan Banking Sector Profitability Strengthens as Low Cost Deposits Hit 41 Percent
Pakistan’s banking sector reports a significant shift toward low-cost funding in 2025, with current accounts reaching 16.3 trillion rupees to bolster profit margins.
Pakistan Stock Market Plunges 8.3% as KSE-100 Faces Sharp Selloff Amid Global Oil Surge
Pakistan’s KSE-100 index drops 13,050 points or 8.29% in early trading, triggering market halt as investors react to soaring global crude oil prices and economic uncertainties.
Pakistan Banks Return Unclaimed Deposits to SBP for Public Access and Refunds
Thirteen commercial banks in Pakistan have surrendered dormant accounts to the State Bank of Pakistan, allowing citizens and heirs to reclaim unclaimed deposits through a streamlined verification and refund process.
MCB Bank Profit Falls 7% in 2025 but Dividend Maintained at Rs9 Per Share
MCB Bank reports a 7.4% decline in net profit for 2025 due to margin compression and higher costs, while maintaining a dividend of Rs9 per share on the back of stable asset quality.
Karachi Banks Engage Customers with PayPak Sessions Under Hope Branch Initiative
Apna Micro Finance, Soneri, BoK, MCB, Sindh Bank, and BankIslami conducted PayPak sessions at Karachi branches under the PayPak Hope Branch Engagement Activity, promoting digital payment adoption.
MCB Bank partners with K-Trade to introduce smarter and seamless digital investment services for customers
MCB Bank has formed a strategic partnership with K-Trade to enhance digital investment accessibility, offering customers more seamless, technology-driven opportunities to participate in Pakistan’s capital markets.
MCB Bank Targets 60% Current Account Mix, Expands Branch Network for Digital Growth
MCB Bank is accelerating its digital transformation and expanding its branch network as it targets a 60% current account mix in the coming years. Despite a decline in profit, the bank remains focused on sustainable growth and enhanced customer engagement.
MCB Bank’s Profit Falls 15.5% in 9MFY25 Amid Lower Interest Income and Rising Costs
MCB Bank reported a 15.5% year-on-year decline in net profit for 9MFY25, driven by lower interest income and rising costs. While non-markup income and associate profits improved, increased expenses and credit loss provisions weighed on overall profitability.
Pakistan to Privatise 82% Stake in First Women Bank as UAE Firm Secures Majority Ownership
Pakistan is set to privatise its 82.64% stake in First Women Bank Limited through a G2G deal with a UAE-based firm, marking a significant step in the country’s privatisation programme aimed at revitalising state-owned institutions and attracting foreign investment.
PSX Shatters Records as KSE-100 Index Crosses 143,000 Points on Strong Investor Confidence
The Pakistan Stock Exchange hits a historic milestone as the KSE-100 Index surpasses 143,000 points amid strong investor confidence, sector-wide gains, and favorable global market cues.