Karachi, September 16, 2020: BankIslami, the country’s leading Islamic bank, has bagged one of the most prestigious national accolades this year by becoming the Brand of the Year 2019. The bank won in the Islamic Banking category in acknowledgment of its achievements in highlighting brand excellence as well as noteworthy performance across the industry. The…
Karachi, August 12, 2020: Soneri Bank has recently been awarded “Brand of the Year Awards 2019” in the Best Retail Banking Category by The Brands’ Foundation; which has been “Accredited Permanent Observer Status” from the World Intellectual Property Organisation (WIPO), the Specialised Agency of the United Nations. Brand of the Year Awards are indeed a…
Karachi, July 08, 2020: Telenor Microfinance Bank has reported revenue of PKR 18 billion for the financial year ended December 31, 2019. This was led by an impressive expansion in the branchless banking customer base of the Bank’s Easypaisa wallet. A two-fold increase in Year-Over-Year wallet accounts was witnessed with more than 3 million increase…
Karachi, March 10, 2020: Philip Morris (Pakistan) Limited (PMPKL) announced an operating loss before tax of PKR 2,444 million for the year ended December 31, 2019. The Operating loss before tax was mainly due to the management decision to reorganize its operational footprint by closing its factory in Kotri, which was essential to ensure long…
Karachi, March 2, 2020: The year 2019 has been an exceptional year for the banking sector with profitability increasing by 20 percent or Rs30 billion to reach Rs177 billion, in spite of economic slowdown. The primary driver this year has been the net interest income which has increased by 27 percent from Rs486 billion to…