Honda CG 125 is popular in Pakistan. The bike has a sleek design. Price of Honda CG 125 remains at Rs234,900. Honda CG 125 continues to dominate Pakistan’s two-wheeler market due to its durability, reliability, and fuel efficiency. One of the best-selling bikes manufactured by Atlas Honda, it is commonly used for commuting and is … Read more
In a strategic move to revive the sluggish auto industry in Pakistan, Pakistan Suzuki Motor Company (PSMC) has unveiled a groundbreaking ‘Islamic Finance Offer’ in collaboration with Meezan Bank. This initiative aims to make car ownership more accessible and affordable, providing a glimmer of hope for the beleaguered industry facing economic constraints, dwindling sales, and … Read more
KARACHI: Meezan Bank, Pakistan’s leading Islamic bank, has recently signed an agreement with Sui Northern Gas Pipelines Limited (SNGPL), the largest integrated gas company in North Central Pakistan, to enable digitalisation of consumer bill collection via the bank’s state-of-the-art transaction banking solution (eBiz+), a statement said on Tuesday. Irfan Siddiqui, founding president and CEO of … Read more
KARACHI: Meezan Bank became the first and only Islamic bank to disburse Rs1 billion under Prime Minister’s Kamyab Jawan-Youth Entrepreneurship Scheme (PMKJ-YES) for the Small and Medium Enterprises (SMEs), a statement said on Friday. Meezan Bank’s Founding President and Chief Executive Officer Irfan Siddiqui said that the bank, following its vision of establishing Islamic banking … Read more
KARACHI: The profit after tax of Meezan Bank Limited (MEBL) recorded a growth of 26 per cent to Rs28.23 billion for the year 2021, compared with a profit of Rs22.24 billion in the preceding year. The bank announced the earnings per share (EPS) Rs17.35 for the year ended December 31, 2021, as compared with the … Read more
KARACHI: Meezan Bank and Pak Suzuki Motor Company Limited signed a memorandum of understanding to facilitate middle income and young customers in auto financing, a statement said on Tuesday. Group head of consumer finance at Meezan bank, Arshad Majeed and executive officer of marketing and sales at Pak Suzuki, Aamir Shaffi signed the MoU to … Read more
KARACHI: Meezan Bank Limited, Pakistan’s first and largest Islamic bank, also became the first bank to launch the Islamic SME Asaan Finance Scheme (I-SAAF) for Small and Medium Enterprises (SMEs) under the State Bank of Pakistan’s (SBP) SME Asaan Finance Scheme (SAAF), a statement said on Wednesday. The launching ceremony was held at the Multan … Read more
KARACHI: The Meezan Bank-led consortium and Enertech Water Private Limited signed agreements of Rs25.5 billion for Islamic syndicated project financing facility for the government of Sindh, a statement said on Wednesday. This is the largest financing facility raised for the government of Sindh, structured under a public-private partnership, it added. The facility will be utilised … Read more
KARACHI: Engro Enfrashare, a wholly-owned subsidiary of Engro Corporation, has entered into an Islamic syndicate arrangement amounting to Rs4.50 billion, led by Meezan Bank and Faysal Bank, a statement said on Tuesday. The proceeds raised through this Islamic syndication would be utilised to finance the development of tower sites for various mobile network operators (MNOs) … Read more
KARACHI: The Meezan Bank Limited (MEBL) on Friday announced the issuance of Sukuk worth Rs10 billion by way of public offering or by way of private placement. In a communication to the Pakistan Stock Exchange (PSX), the bank said the board of directors in their meeting held on August 12, 2021, resolved that the bank … Read more
KARACHI: Meezan Bank, Pakistan’s leading Islamic bank, in collaboration with the government of Sindh has launched Pakistan’s largest Covid-19 Drive-Through Vaccination Centre for the general public in Karachi, a statement said on Saturday. The facility is situated at the central location of Karachi in Gulberg Town at Afghan Ground, Block 19, FB Area, opposite Afroze … Read more
KARACHI: The Meezan Bank has collaborated with the National Clearing Company of Pakistan Limited (NCCPL) for developing new Shariah-compliant products for the country’s capital market, a statement said on Thursday. Through this collaboration, Meezan Bank will extend its support in introducing Murabaha Share Financing System, a new Shariah-compliant product, implemented by NCCPL that will help … Read more
ISLAMABAD: The Roshan Digital Account, an innovative initiative of the government, has facilitated Pakistani diaspora in sending money to their loved ones back home and eased the digital payment system by providing a full range of banking services. Speaking at a webinar, organised by the Embassy of Pakistan in Tokyo in collaboration with the State … Read more
KARACHI: The Shariah Board of the Meezan Bank has approved the structure for the issuance of the new government of Pakistan Ijara Sukuk, a statement said on Monday. The 51st Shariah Board meeting of the Meezan Bank held at Dar-ul-Uloom, Korangi, Karachi, was chaired by former Justice Mufti Muhammad Taqi Usmani, chairman of the Shariah … Read more
KARACHI: VIS Credit Rating Company Limited has upgraded the entity ratings of Meezan Bank Limited to ‘AAA/A-1+’ (Triple A/A-One Plus) from ‘AA+/A-1+’ (Double A Plus/A-One Plus), a statement said on Thursday. The medium- to long-term rating of ‘AAA’ denotes the highest credit quality, with negligible risk factors, being only slightly more than for risk-free debt … Read more
