Banking
Bank Al Habib Limited (BAHL)
Pakistan, January 31, 2024: Bank AL Habib (BAHL) announced its 4Q2023 result today, where the bank recorded consolidated earnings of Rs6.3bn (EPS of Rs5.7), up 3.8x YoY while down 44% QoQ. This takes full year 2023 earnings to Rs35.9bn (EPS of Rs32.3) up 115%. 4Q2023 result came lower than industry expectations primarily due to higher…
Sindh Bank and Avanza Solutions are paving the path towards digital transformation
Karachi, January 30, 2024 : Present at the event were Omer Ahmed Khan, CEO; Jalil Ahmed Farooqui, Group Head of Sales and Business Development; Danish Farooque, Group Head of Professional Services and Adnan Farooq, Regional Manager Asia Pacific from Avanza Solutions; and Imran Samad President &CEO, Muhammad Anwaar, Deputy CEO,Ata Hussain, Head IT, Baqir Hussain,…
SBP initiates the process for issuance of new banknote series
Islamabad, January 30, 2024 : State Bank of Pakistan (SBP) has initiated the process for designing and issuing a New Banknotes Series of all existing denominations. It is an established practice of central banks to introduce new banknote series after every fifteen to twenty years to secure the integrity of banknotes and align them with…
State bank decided to issue new currency notes
Islamabad, January 29, 2024 : Governor State Bank of Pakistan (SBP) Jameel Ahmed said on Monday that SBP has in principle decided to launch a new series of bank notes in line with global trends. He said that the new bank notes will be enhanced with new security features and new designs. The process will…
PTCL launches first neutral internet exchange in Pakistan powered by DE-CIX
Islamabad ,January 29, 2024: Pakistan Telecommunication Company Limited (PTCL), the largest integrated Information Communication Technology (ICT) company of Pakistan and DE-CIX, the world’s leading Internet Exchange (IX) operator, celebrated today the inauguration of ‘Pakistan Internet Exchange (PIE) powered by DE-CIX’, the first carrier- neutral IX in the country. Housed in the PTCL data center in…