Islamabad, November 6, 2023 – The Securities and Exchange Commission of Pakistan (SECP) and the Federal Investigation Agency (FIA) have formalized a memorandum of understanding (MoU) for enhancing the security of Pakistan’s digital financial system,
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State Life Insurance Ordered to Pay Family of Deceased Policyholder Along with Profit
Islamabad, November 5, 2023 – President Dr. Arif Alvi has issued a directive to the State Life Insurance Corporation of Pakistan (SLICP) to fulfill a long-awaited death insurance claim, amounting to Rs 300,000, alongside accrued profits, for the family members of a deceased policyholder.
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Oxford University Press Establishes Strategic Partnership with Nutshell Communications
Karachi, November 01, 2023 – Oxford University Press (OUP), a renowned global leader in publishing, has formally announced a strategic partnership with Nutshell Communications, marking a significant collaboration in the realm of education and communication.
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SBP Grants No Objection to ABL Exchange Company
Karachi, October 27, 2023 – Allied Bank Limited (ABL) has received approval from the State Bank of Pakistan (SBP) to establish an exchange company, marking a significant development in the financial sector.
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Faysal Bank Records Remarkable 100% Operating Profit Growth in 9MCY23
Karachi, October 27, 2023 – Faysal Bank Limited (FBL), a prominent Islamic bank in Pakistan, has reported an outstanding achievement with a remarkable 100% growth in operating profit during the first nine months of the current year.
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KE Board Notes Significant Impact of Pakistan’s Economic Crisis on Company Performance
Karachi, October 26, 2023 – During its 113th Annual General Meeting (AGM) for the fiscal year 2023, the board members of K-Electric (KE) expressed their concern over the adverse effects of Pakistan’s economic crisis on the company’s financial performance.
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Standard Chartered Pakistan Achieves Record Rs 63 Billion Operating Profit
Karachi, October 26, 2023 – Standard Chartered Bank Pakistan has reported exceptional financial results, achieving a record profit before tax of Rs 63 billion for the nine months ending on September 30, 2023.
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MCB Bank Reports Unprecedented 134% Surge in Nine-Month Profit
Karachi, October 25, 2023 – MCB Bank, a prominent financial institution in Pakistan, has made a stunning announcement with a remarkable 134 percent growth in after-tax profit for the nine-month period ending on September 30, 2023.
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UBL Announces Massive 126% Profit Growth in Third Quarter of 2023
Karachi, October 25, 2023 – United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has reported a staggering 126 percent year-on-year (YoY) profit growth in the third quarter of 2023, ending on September 30.
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