Meezan Bank Experiences 13% Growth in Q1 – 2017!

Meezan Bank, Pakistan’s leading shariah-compliant Bank, has continued the journey of its profiting with a significant 13% growth in the initial quarter of 2017. It is to note that that this achievement has come by at a time when big banks like UBL has failed to achieve any growth in their profits for the similar

Bank Alfalah Awarded AA+/A-1+ Entity Ratings by JCR-VIS!

Bank Alfalah Limited (BAFL) has been awarded initial entity ratings of ‘AA+/A-1+’ (Double A Plus/A-One Plus) by JCR-VIS Credit Rating Company Limited (JCR-VIS), representing outlook of assigned ratings as ‘Stable’. These allocated ratings show the spread-out banking operations, strong risk profile, fit sponsors and current market presence. Bank Alfalah has showed significant improvement in different

Sub-committees Formed to Encourage Islamic Banking

Islamabad – Finance Minister Ishaq Dar stated that the government is actively working through its policies to encourage Islamic Banking in Pakistan. With regards to this, the finance minister gave notifications to four sub-committees for encouraging and assistance of shariah-compliant banking in the country. Not just this, the sub-committees’ terms of reference were also accepted

HBL’s Profit Reached Rs. 25.75 Billion in 9 Months

Habib Bank hasn’t gained much if we compare the bank’s profitability with the previous year. The figure Rs. 25.75 billion, revealing HBL’s Profit for the last nine months was given which showed that the bank’s flat deposition in the year. Last year, the bank was able to get hold of a profit-after-tax amount of Rs.

Banking Sector Experienced 16.1% Growth in FY16

The banking sector of the country has increased 16.1 percent in the financial year 2016 despite some negative effects on the profits due to a fall in interest rates and related. But as per the FY16 performance review report by State Bank, the overall position has remained positive with high creditworthiness points, a solid capital