Meezan Bank Reports Profit Growth of 64.46% in 1QCY24
Meezan Bank Limited, the largest Islamic bank in Pakistan, Thursday announced a staggering 64.46 percent surge in profit, reaching Rs 25.54 billion in the first quarter of calendar year 2024.
Meezan Bank Limited, the largest Islamic bank in Pakistan, Thursday announced a staggering 64.46 percent surge in profit, reaching Rs 25.54 billion in the first quarter of calendar year 2024.
Karachi, February 2, 2024 – The State Bank of Pakistan (SBP) has imposed a regulatory penalty of Rs 82.74 million on Meezan Bank Limited, citing violations of regulatory instructions for the quarters ended June 2023 and December 2023.
Karachi, November 10, 2023 – Meezan Bank, Pakistan’s leading Islamic bank, has entered into a groundbreaking collaboration with SAFCO Microfinance Company Private Limited (SMCL) to launch the country’s first Islamic microfinance branch, named ‘Yaqeen,’ in Hyderabad, Pakistan.
Karachi, September 15, 2023 – Meezan Bank Limited, in a significant strategic move, has announced its intention to establish an Exchange Company.
Karachi, August 10, 2023 – Meezan Bank Limited (MEBL), the leading Islamic bank in Pakistan, has reported a remarkable 93 percent increase in after-tax profit for the first half of the year ending on June 30, 2023.
Karachi, August 8, 2023 – The Pakistan Stock Exchange (PSX) has taken notice of an unusual movement in the share price of Meezan Bank Limited (MEBL) and subsequently issued a notice to the bank.
Karachi, July 3, 2023: Meezan Bank Limited (MEBL) has received reaffirmed entity ratings of AAA/A-1+ (Triple A/ A-One Plus) from VIS Credit Rating Company Limited, highlighting the bank’s highest credit quality and outstanding short-term liquidity.
Pak Suzuki, in partnership with Meezan Bank and Bank AlFalah, is offering exclusive financing and insurance rates for customers interested in purchasing a Suzuki Certified Used Car. The primary objectives of this campaign are to facilitate customers in financing their desired Certified Used Cars and provide competitive rates for both financing and insurance.
Karachi, June 6, 2023: Meezan Bank, Pakistan’s leading Islamic bank, has forged a strategic partnership with Fauree Tech Pvt Limited, a fintech company specializing in supply chain solutions.
KARACHI: Federal Board of Revenue (FBR) has imposed additional tax liability on Meezan Bank Limited by making changes to deemed assessment order, sources said on Friday.