Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a profit before tax of PKR 58.5bn compared to PKR 100.6bn last year. Revenue was lower year on year primarily due to sharp reduction in interest rates. The impact of margin compression on revenue was partially offset by a decrease in cost of…
JS Bank Limited (PSX: JSBL) today announced its financial results for the year ended December 31, 2025. The bank demonstrated growth in total income and continued its strategic focus on long-term value creation, with total income rising to PKR 40.313 billion, a 4% increase from PKR 38.644 billion earned in the prior year. The Bank…
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on February 13, 2026, approved the Bank’s financial results for the year ended December 31, 2025. Bank Alfalah reported profit after tax (PAT) of PKR 28.34 billion for the year ended December 31, 2025, translating into earning per share of PKR 17.97…
Zindigi, powered by JS Bank, and the Punjab University (PU) have signed a Memorandum of Understanding (MoU) to digitize the University’s fee payment system through Zindigi’s Raast Dynamic QR (DQR) system. This collaboration marks a significant milestone in digital transformation and financial innovation, making Punjab Univeristy the first public sector university in Pakistan to adopt…
In a major move to support the country’s economic revival, Pakistan’s Banking Sector has yet again stepped up to voluntarily reduce markup rates on the Export Refinance Facility (ERF) by 3.0%. This collective initiative demonstrates the sector’s resolve to prioritise national interest, lowering the cost of doing business for exporters to catalyse foreign exchange earnings….
The State Bank of Pakistan (SBP), through the Pakistan Banks Association (PBA), has conveyed its no objection to onboarding HBL Zarai Services Limited (HBL Zarai) as an approved Agricultural Services Provider (ASP) under the ‘Zarkhez-e’, Asaan Digital Zarai Qarza Scheme. The approval enables participating banks to facilitate structured in-kind agricultural financing, strengthening transparency and improving…
Ibtisam Babar, Head of Zindigi Prize, has been awarded with the “Future Leader of the Year” Award at the 27th edition of ITCN Asia, in recognition of his pivotal role in advancing Pakistan’s startup ecosystem and empowering the next generation of youth entrepreneurs across the country. Organized by Ecommerce Gateway Pakistan (Pvt.) Ltd., ITCN Asia…
Khushhali Microfinance Bank (KMBL) was among one of the few stalls at the SME Made in Pakistan Cluster Expo 2026 that stood out with its exhibit on small business solutions. Organized by the Small and Medium Enterprise Development Authority of Pakistan (SMEDA), the Made in Pakistan Cluster Showcase Expo 2026 brought together the country’s most…
Pakistan’s first digital Islamic banking platform, aik by BankIslami, has launched aikPay — Pakistan’s first Shariah-compliant Raast-enabled QR Payment Gateway. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay enables real-time online payments through dynamic QR codes, allowing customers to pay instantly from their bank accounts and enabling merchants to receive payments securely through…
Advancing Pakistan’s journey towards a cashless economy, Zindigi -powered by JS Bank in collaboration with the Pakistan Airports Authority (PAA) have completely digitized Islamabad International Airport, with Zindigi Raast QR establishing it as Pakistan’s first fully digital and cashless Smart Airport. Smart Airport Initiative by Zindigi will digitize the entire airport ecosystem. Key Features of…