Trends - pakistan banking sector

pakistan banking sector

Aurangzeb says Pakistan economy’s issues have been addressed

In address at Islamic capital markets conference, finance minister says country committed towards raising infrastructure finance through Shariah-compliant bonds

Updated 12 Dec, 2024 10:35pm

Business & Finance

MCB Bank appoints Nauman Chughtai as President & CEO

The Board of Directors (BoD) of MCB Bank, one of Pakistan’s largest commercial banks, has appointed Muhammad Nauman...

Updated 11 Dec, 2024 10:58pm

Business & Finance

Banking sector’s ADR climbs to nearly 48% as of Nov 29

The banking sector’s gross Advance-to-Deposit Ratio (ADR) maintained its upward trajectory, hitting nearly 48% as of...

Updated 11 Dec, 2024 11:01pm

BR Research

ADR race: calm down your horses

The ADR race is now close to the finish line. After reaching a bottom of 37 percent in September 2024, the banking...

Updated 05 Dec, 2024 10:46am

Markets

Another significant cut in key policy rate expected as inflation eases

SBP has eased its monetary stance since June 2024, cumulatively reducing key interest rate by 700bps
MPC is next scheduled to meet on December 16

Updated 03 Dec, 2024 10:56pm

Business & Finance

One for 325: UBL board approves merger with Silkbank via share swap

United Bank Limited (UBL), one of Pakistan’s largest commercial banks, has approved the amalgamation of Silkbank...

Updated 03 Dec, 2024 05:10pm

Business & Finance

Bank Makramah’s board approves restructuring scheme

Net assets to increase by Rs29.39bn, says BML

Updated 28 Nov, 2024 05:27pm

BR Research

Credit concentration: identifying the worst offenders

Pakistan’s banking sector faces a systemic issue of credit concentration, where a significant portion of bank loans...

Updated 28 Nov, 2024 11:23am

Business & Finance

BAFL operations in Bangladesh: central banks give green signal for due diligence facilitation

The central banks of Pakistan and Bangladesh have granted in-principle approval to Bank Alfalah Limited (BAFL) to...

Updated 15 Nov, 2024 04:42pm

Business & Finance

Bank Alfalah withdraws intention to acquire stake in Samba Bank as SNB halts divestment

Bank Alfalah Limited (BAFL), one of Pakistan’s largest commercial banks, has withdrawn its public announcement of...

Updated 14 Nov, 2024 10:59pm

Business & Finance

SBP approves TPL Corp, Abhi’s acquisition of FINCA Microfinance Bank

The State Bank of Pakistan (SBP) has given its final approval to TPL Corp Limited (TPL), a Pakistani financial...

Updated 12 Nov, 2024 06:16pm

Business & Finance

Saudi National Bank terminates plan to divest stake in Samba Pakistan

Saudi National Bank (SNB) has terminated the process for the sale of its equity stake in Samba Pakistan. The...

Updated 12 Nov, 2024 10:46pm

Business & Finance

Silkbank’s board grants in-principle approval for UBL merger

The Board of Directors (BoD) of Silkbank Limited have granted their in-principle approval for a potential merger...

Published 06 Nov, 2024 02:45pm

Business & Finance

1H’24: NBP records total income of Rs96.8bn, up 5.1pc YoY

KARACHI: The Board of Directors of National Bank of Pakistan “NBP” “the Bank” met on August 28 to approve the...

Updated 30 Aug, 2024 04:18pm

Pakistan

Moody’s upgrades Pakistan’s ratings to Caa2, outlook now positive

Upgrade reflects Pakistan’s improving macroeconomic conditions, says Moody's
Expects IMF to approve the EFF in the next few weeks

Updated 28 Aug, 2024 08:04pm

Business & Finance

Faysal Bank’s profit surges 60%, clocks in at Rs7bn in Apr-June

Faysal Bank posted a consolidated profit after tax of Rs6.95 billion for the quarter ended June 30, 2024, nearly 60%...

Updated 28 Aug, 2024 04:58pm

Business & Finance

Standard Chartered Pakistan’s profit marginally up YoY in 2QCY24

Standard Chartered Bank (Pakistan) Limited (SCBPL), a subsidiary of Standard Chartered Plc, posted earnings of...

Published 27 Aug, 2024 03:30pm

Business & Finance

JS Bank records 678% jump in consolidated profit in 2QCY24

JS Bank Limited (JSBL) posted massive earnings of Rs5.5 billion during the quarter ending June 30, 2024, up over...

Published 27 Aug, 2024 01:14pm

BR Research

HBL banks on investment

Pakistan’s largest commercial bank, HBL continued its merry way of raking in another quarter of stellar profits,...

Published 27 Aug, 2024 06:55am

Business & Finance

Bangladesh operations: Bank Alfalah receives non-binding offer from Sri Lanka’s Hattan National Bank

Hattan National Bank (HNB), a private-sector commercial bank in Sri Lanka, has made a non-binding offer to acquire...

Published 26 Aug, 2024 03:55pm

Business & Finance

Allied Bank’s profit jumps 25% in 2QCY24

Despite marginally lower net income, Allied Bank (ABL) posted a profit-after-tax of Rs12.47 billion in quarter ended...

Published 21 Aug, 2024 02:04pm

Global moot highlights opportunities for growth, innovation in Islamic banking

KARACHI: A high-level international conference titled CotIB -“Conversion to Islamic Banking” highlighted...

Updated 21 Aug, 2024 08:51am

Business & Finance

Meezan Bank’s profit up nearly 55% in 2QCY24

Meezan Bank, the country’s largest Islamic bank, posted consolidated earnings of Rs26.89 billion for the second...

Updated 08 Aug, 2024 09:44pm

Highest returns in Q2: Pakistani banks dominate Asia-Pacific lenders ranking: S&P Global

ISLAMABAD: Pakistani banks dominated a ranking of Asia-Pacific lenders with the highest total returns in the second...

Updated 09 Jul, 2024 10:32am

Business & Finance

SBP gives go-ahead to Bank Alfalah to conduct due diligence of Samba Bank

The State Bank of Pakistan (SBP) has granted its approval to Bank Alfalah Limited to commence due diligence of Samba...

Updated 20 May, 2024 08:07pm

Business & Finance

SBP gives go-ahead for due diligence of Bank Alfalah Bangladesh to Bank Asia

Bank Alfalah intends to sell its operations in Bangladesh to Bank Asia

Updated 17 May, 2024 05:13pm

Business & Finance

HBL to inject up to Rs6bn equity in its microfinance bank

The Board of Directors of Habib Bank Limited, one of the country’s largest commercial banks, has approved an equity...

Updated 30 Apr, 2024 10:41pm

Business & Finance

JS Bank registers massive 376% jump in profit in 1QCY24

JS Bank Limited (JSBL) posted massive consolidated profit of Rs4.2 billion during the three months ended March 31,...

Updated 26 Apr, 2024 09:31pm

Business & Finance

Bank Alfalah’s profit falls 8% in 1QCY24, clocks in at Rs9.93bn

Despite higher net income, Bank Alfalah saw its profit fall to Rs9.93 billion during the quarter ended March 31,...

Published 24 Apr, 2024 04:31pm

Business & Finance

‘Strong performance’: Standard Chartered explains reason for increase in share price

Standard Chartered Bank (Pakistan) Limited (SCBPL), a subsidiary of Standard Chartered Plc, said on Tuesday that the...

Updated 24 Apr, 2024 10:16pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

Markets →

Budget 2024-25: income tax calculator for FY25

pakistan banking sector

Most Popular