Faysal Bank and EFU Life Launch Innovative Takaful Plans to Enhance Financial Inclusion and Wellness
Faysal Bank and EFU Life have launched two new Takaful products designed to integrate financial protection with wellness and long-term prosperity, marking a new milestone in Shariah-compliant financial solutions in Pakistan.
Samba Bank Reports 38% Decline in Nine-Month Profit as Interest Earnings Fall
Samba Bank Limited reported a 38% decline in profit after tax for the nine months ended September 30, 2025, driven by lower interest earnings despite growth in non-markup income and reduced credit loss provisions.
BOP and Onyx Exchange UAE collaborate to enhance remittance transfers for overseas Pakistanis
The Bank of Punjab partners with Onyx Exchange UAE to enhance secure, fast, and reliable remittance transfers to Pakistan, strengthening financial connectivity for overseas Pakistanis.
UBL Reports 89% Profit Surge to Rs35.36 Billion in Q3 2025 on Strong Interest Income
United Bank Limited posted an 89% year-on-year profit growth to Rs35.36 billion in Q3 2025, driven by strong interest income and improved spreads, as the bank announced an interim cash dividend of Rs8 per share.
At-Tahur Limited resumes normal banking operations after debit block removal
At-Tahur Limited (PREMA) announced that the debit block on its bank accounts has been lifted, allowing the company to resume normal banking and financial operations after the removal of all restrictions.
SBP Grants In-Principle Approval to Samba Bank for Islamic Banking Transformation
The State Bank of Pakistan has given in-principle approval to Samba Bank to begin Shariah-compliant operations, marking a major step in its planned transition from conventional banking to a fully Islamic bank.
UBL Upgrades Basic Accounts to Mukammal to Offer Customers Expanded Free Banking Services
United Bank Limited is converting all Basic Banking Accounts to Mukammal Current Accounts starting October 15, 2025, providing customers with more free services, zero balance requirements, and enhanced digital banking benefits.
Banking sector expected to deliver strong double-digit returns through 2026 amid easing rates and digital expansion
Pakistan’s banking sector is set to maintain strong performance through 2026 as easing monetary conditions, deposit growth, and digital transformation drive earnings momentum, with major banks projected to deliver double-digit returns.
Imtiaz Mehmood appointed as CIO to lead JS Bank’s digital transformation
JS Bank appoints Imtiaz Mehmood as Chief Information Officer to accelerate its digital transformation journey, strengthening its position as a future-ready, technology-driven financial institution.
Al Baraka Bank CEO Muhammad Atif Hanif Honored with Token of Appreciation by Senate Chairman at Pakistan Business Summit 2025
Muhammad Atif Hanif, CEO of Al Baraka Bank (Pakistan) Limited, was recognized with a Token of Appreciation by Senate Chairman Syed Yusuf Raza Gillani at the Pakistan Business Summit 2025 for his leadership in promoting Islamic finance and sustainable banking in Pakistan.