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.
Mobilink Bank Appoints Mustapha Lotia as Chief Information Security Officer
Mobilink Bank welcomes cybersecurity expert Mustapha Lotia as CISO, leveraging his extensive experience across Telenor Easypaisa, TASDEEQ, NADRA, and major banks to strengthen security, risk governance, and data protection.
SECP Revises PSX-KMI All Share Index Shariah Criteria, Cuts Non-Compliant Debt Ratio to 33%
SECP approves revised Shariah screening criteria for PSX-KMI All Share Index, reduces non-compliant debt ratio to 33% and introduces three- to five-star compliance ratings to strengthen Islamic capital markets.
Meezan Bank and Bank CenterCredit Sign MoU to Expand Digital Trade Finance and Cross-Border Banking Between Pakistan and Kazakhstan
Meezan Bank and Kazakhstan’s Bank CenterCredit sign an MoU to enhance correspondent banking, trade finance, and cross-border payments, supporting growing bilateral trade between Pakistan and Kazakhstan.
Meezan Bank Launches Raast QR Payments at Nando’s Pakistan to Boost Digital Transactions
Meezan Bank implements Meezan Raast QR at Nando’s Pakistan, enabling seamless, Shariah-compliant digital payments, supporting the State Bank of Pakistan’s cashless and financial inclusion initiatives.
Meezan Bank Boosts Meezan Exchange Capital to Rs 2 Billion Amid FY25 Profit Announcement
Meezan Bank raises Meezan Exchange Company’s authorized capital to Rs2 billion, investing an additional Rs500 million to strengthen foreign exchange operations, following FY25 profit after tax of Rs92.18 billion.
Meezan Bank and Freedom Bank Kazakhstan Launch PKR Vostro Account to Strengthen Cross-Border Trade
Meezan Bank partners with Freedom Bank Kazakhstan to establish a PKR Vostro account, enhancing cross-border payments, trade settlement efficiency, and financial connectivity between Pakistan and Kazakhstan.
Meezan Bank shares Pakistan’s risk-sharing finance expertise with Bank Negara Malaysia
Meezan Bank engages with Bank Negara Malaysia under a specialised knowledge-sharing programme on risk-sharing finance, reinforcing Pakistan’s growing influence in global Islamic banking.
Meezan Bank Appoints Uzair Akbar Soomro as Regional Manager for Hyderabad Region
Uzair Akbar Soomro has been promoted to Regional Manager – Hyderabad Region at Meezan Bank, recognizing his leadership, consistent performance, and significant contributions to the bank’s growth in the region.