Meezan Bank Reports Rs92.18 Billion Profit for 2025, EPS Declines Amid Challenging Economic Conditions
Meezan Bank posts Rs92.18bn profit after tax for CY25, down 11.13% YoY, driven by lower Islamic financing returns and higher operating expenses, while fee income and foreign exchange gains partially offset declines.
SBP Clears HBL Zarai as Agricultural Services Provider Under Digital Farm Loan Programme
State Bank of Pakistan approves HBL Zarai Services as an agricultural services provider under the Zarkhez-e Asaan Digital Zarai Qarza Scheme, enabling in-kind digital farm financing and improved credit utilisation.
PBA and SBP Conduct Pakistan’s First Industry-Wide Cyber Drill to Strengthen Banking Sector Resilience
Pakistan’s banking sector successfully concluded its first-ever industry-wide cyber drill, a week-long exercise organized by PBA and SBP to enhance collective cyber preparedness, resilience, and crisis management capabilities.
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.
Soneri Bank names Izhar ul Hasnain Anjum as Senior VP Head of Sales
Soneri Bank appoints Izhar ul Hasnain Anjum as Senior Vice President and Head of Sales. With extensive banking and sales leadership experience, he is set to strengthen the bank’s market presence.
Tamsal Riaz Takes Charge as Head of Branch Banking Operations at Al Baraka Bank Pakistan
Tamsal Riaz has been appointed Head of Branch Banking Operations at Al Baraka Bank Pakistan, bringing extensive experience in operational excellence, service quality, and process optimization to strengthen the bank’s branch network.
Askari Bank Rolls Out Islamic Banking Nationwide to Strengthen Financial Inclusion
Askari Bank expands Shariah-compliant banking services across all branches, aligning with SBP Vision 2028 and Federal Shariah Court directives to promote ethical, inclusive, and customer-centric financial solutions in Pakistan.
SBP Announces Bank Holiday on January 1, Public Dealings Suspended Nationwide
The State Bank of Pakistan has announced a nationwide bank holiday on January 1, 2026, suspending public dealings while ensuring extended hours, special clearing arrangements, and uninterrupted digital banking services for taxpayers and institutions.
State Bank of Pakistan Reduces Policy Rate to 10.5% Amid Economic Recovery
The State Bank of Pakistan’s Monetary Policy Committee (MPC) unexpectedly cut the policy rate by 50 basis points to 10.5%, reversing four consecutive meetings of unchanged rates and marking total easing of 1,150bps since the 22% peak.
Dubai Islamic Bank Reaffirms Commitment to Ethical Banking at IBA-CEIF 10-Year Celebration
Dubai Islamic Bank Pakistan highlights its dedication to ethical, Shariah-compliant banking at IBA-CEIF’s 10-year milestone, showcasing digital innovation, financial inclusion, and industry leadership in Islamic finance.