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.
BankIslami Gets SBP Nod to Launch BIPL Exchange Company
BankIslami secures SBP’s approval to launch BIPL Exchange Company, expanding into Pakistan’s regulated foreign exchange sector with a wholly owned subsidiary.
SBP Pumps Rs13.4 Trillion into Market through Reverse Repo and Modarabah OMOs
The State Bank of Pakistan injected Rs13.4 trillion into the financial system through reverse repo and Shariah-compliant Modarabah OMOs, aiming to ease liquidity constraints in the banking sector.
NIBAF Delivers Three-Week Compliance Program for Askari Bank Officers to Enhance AML and CFT Expertise
NIBAF successfully completed a three-week specialized compliance training for Askari Bank officers in Islamabad, focusing on AML, CFT, regulatory compliance, and global standards.
NIBAF Strengthens Islamic Banking Skills Through Certification Program for Bank Alfalah
NIBAF successfully conducted an Islamic Banking Certification Program for Bank Alfalah officers in Karachi, led by Mufti Muhammad Najeeb Khan, reinforcing expertise and collaboration in Islamic finance.
VIS Raises Faysal Bank’s Credit Ratings to ‘AA+’, Citing Robust Islamic Banking and Financial Strength
VIS Credit Rating Company upgrades Faysal Bank’s ratings to ‘AA+/A1+’, highlighting strong Islamic banking growth, digital strategy, asset quality, and a stable financial outlook.
Bank Makramah Advances Recapitalization with PKR 50 Billion Boost from Sponsor Support and Asset Strategy
Bank Makramah Limited ramps up recapitalization through PKR 15 billion sponsor injections, PKR 12 billion asset sale, and major loan recoveries, strengthening its position in Pakistan’s banking landscape.
Bank of Khyber’s Record Growth Highlights KP Government’s Vision and Transparent Leadership
The Bank of Khyber posts record share growth and upgraded credit rating, reflecting the KP government’s integrity-driven approach and modern banking reforms under Chairman Ikramullah and MD Hassan Raza.
Pakistan Eyes Affordable Insurance to Boost Electric Vehicle Financing Scheme
SAPM Haroon Akhtar Khan chaired a crucial meeting to review insurance costs under Pakistan’s Electric Vehicle Financing Scheme, aiming to ensure affordable rates and promote eco-friendly