Pakistan Revenue
KARACHI: Meezan Bank led consortium and Enertech Water Private Limited, have recently inked the facility agreements of Rs25.5 billion Islamic Syndicated Project Finance facility, the largest financing facility raised for the Government of Sindh, structured under a public-private partnership.
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KARACHI: Meezan Bank will provide its state-of-the-art Transaction Banking Solution (eBiz+) for payments and collections to the subsidiaries of G&T Group including Gatron (Industries) Limited and Novatex Limited. Gani & Tayub (G&T) Group, the country’s leading group with companies across different sectors including Synthetic & Rayon and Power Generation, has embarked on an enterprise-level digital […]
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KARACHI: Meezan Bank has signed a partnership with Retailo, the fastest-growing B2B startup in the MENAP region. The partnership is aimed at providing deserving retailers Kamyab Jawan financing in a Shariah-compliant manner to expand and support their small businesses. The MoU was signed by Group Head Consumer Finance Meezan Bank, Arshad Majeed, and Wahaj Ahmed, […]
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KARACHI: Meezan Bank Limited, in collaboration with the Sindh government and DHA Karachi, has launched second COVID-19 drive-through vaccination centre.
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KARACHI: Meezan Bank Limited has reported a significant increase in its net profit, reaching Rs 12.6 billion for the first half of the calendar year 2021 (January–June). This reflects an 8% growth compared to the Rs 11.7 billion net profit recorded during the same period last year, according to the bank’s financial results announced on […]
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KARACHI: Meezan Bank Limited, Pakistan’s leading Islamic bank, on Saturday launched Pakistan’s largest drive-through COVID vaccination center. The bank launched the vaccination center in collaboration with the Sindh government in Karachi. The Facility is situated at central location of Karachi in Gulberg Town at Afghan Ground, Block 19, F.B. Area, opposite Afroze Textile and adjacent […]
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KARACHI: VIS Credit Rating Company Limited has upgraded the entity ratings of Meezan Bank Limited (MEBL) to ‘AAA/A-1+’ (Triple A/ A-One Plus) from ‘AA+/A-1+’ (Double A Plus/ A-One Plus).
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KARACHI: Meezan Bank Limited, which is providing Sharia compliant banking and financing in Pakistan, on Tuesday declared Rs6.1 billion after tax profit for the quarter ended March 31, 2021. The net profit of the bank increased by 11 percent during the first quarter (January – March) 2021 when compared with the net profit of Rs5.5 […]
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KARACHI: Meezan Bank Limited and Master Group have signed an agreement for the online banking solution, a statement said on Monday. According to the agreement that was signed recently, Meezan Bank, through the provision of its state-of-the-art online banking solution, named eBiz+, will enable Master Group to fully automate its customer collections and supplier payments, […]
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KARACHI: State Bank of Pakistan (SBP) has imposed an amount of Rs93.23 million as penalty on Meezan Bank Limited during the year 2020, according to annual financial results of the bank. The bank in its annual financial results for period ended December 31, 2020 said that it had paid Rs93.23 million to the SBP for […]
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