KARACHI: The Meezan Bank Limited’s profit-after-tax for the year 2022 increased to Rs 45 billion, compared with Rs28.4 billion last year, showing a growth of 59 per cent. The board of directors of the bank approved the financial statements and its consolidated financial statements for the year ended December 31, 2022. The meeting was chaired … Read more
Habib Bank’s earnings up 13% The Habib Bank Limited (HBL) announced the earnings for 2021 at Rs35 billion, depicting a surge of 13 per cent. The jump in the earnings on a yearly basis is primarily due to reduced provisioning charges, as last year saw elevated expenses, as part of building general coverage along with … 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
Adamjee Life to get listed at PSX Adamjee Insurance Company Limited’s (AICL) subsidiary, Adamjee Life Assurance Company (ALAC) has announced its listing plans at the Pakistan Stock Exchange (PSX) through the offer for sale, with a floor price of Rs28/share, which is expected to be listed by the first quarter of CY22. The market price … Read more
KARACHI: Bank financing for housing and construction sharply increased 85 per cent, or Rs163 billion, to Rs355 billion in the financial year 2021, the State Bank of Pakistan (SBP) reported on Thursday. The total outstanding credit of banks for housing and construction stood at Rs192 billion in the preceding year. Within the housing and construction … 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
