Karachi, July 10, 2025 – Pakistan’s banks are gearing up to report bumper earnings for the second quarter of calendar year 2025 (2QCY25), signaling continued financial strength and strategic resilience in a shifting interest rate environment.
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BML unveils major corporate developments in landmark disclosure
Karachi, July 3, 2025 – In a significant step towards enhancing transparency and reaffirming investor confidence, Bank Makramah Limited (BML) on Thursday disclosed vital corporate developments to the Pakistan Stock Exchange (PSX), outlining major financial transactions and strategic initiatives.
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Banks Plan to Move Supreme Court on Windfall Tax
Karachi, March 6, 2025 – A group of banks in Pakistan is preparing to approach the Supreme Court to challenge the recent Sindh High Court decision regarding the windfall tax imposed on foreign exchange income.
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BML Moves Court for Rs 10 Billion Recovery from Omni Group
Karachi, January 22, 2025 – Bank Makramah Limited (BML) has initiated legal proceedings to recover Rs 10 billion in non-performing loans (NPLs) from the Omni Group and its affiliated entities.
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Banks Pay Price for ADR Tax Removal: Analysts
Karachi, December 29, 2024 – Pakistan’s banks face a pivotal moment as it navigates the fallout from recent tax reforms. Analysts at Arif Habib Limited highlighted on Sunday that while the removal of the Advance to Deposit Ratio (ADR) tax on income from government securities brings relief, it comes at the cost of a higher corporate tax burden.
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Government Abolishes Additional Tax on Low ADR for Banks
Karachi, December 28, 2024 – The federal government has abolished the additional income tax on banks with low Asset-to-Deposit Ratios (ADR). This decision, approved by the federal cabinet, will be implemented through the promulgation of an Income Tax Ordinance.
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How Will Pakistan Banks Escape the ADR Tax?
With tax obligations tied to the advance-to-deposit ratio (ADR) on the horizon, banks in Pakistan are under pressure to lower deposits and boost lending as 2024 draws to a close. Analysts estimate that banks need to issue an additional Rs 1.85 trillion in loans or reduce deposits by Rs 3.6 trillion during the final months of the year to avoid this taxation.
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Banks Scramble to Boost ADR and Avoid Tax Hikes
KARACHI: Banks in Pakistan are scrambling to meet the required 50% gross advance-to-deposit ratio (ADR) by the end of 2024 to avoid hefty tax rates, analysts said on Saturday. Failure to meet the target would trigger an additional 16% tax on investment income, a financial blow that many banks are eager to sidestep.
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Aurangzeb Urges Banks to Allocate Funds for Agriculture and IT
Karachi, July 30, 2024 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Tuesday, emphasized the importance of proper fund allocation for the agriculture sector and the IT industry, especially freelancers.
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Pakistani Banks Report 21% Jump in Profits for 1Q2024
Karachi, May 2, 2024 – Pakistani listed banks have seen a significant increase in profitability in the first quarter of 2024, with a reported gain of 21 percent year-on-year (YoY), reaching a total of Rs 152 billion.
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