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Meezan Bank Announces Financial Results for the Half Year Ended June 30, 2026 Meezan Bank Reports Rs 48.88 Billion Profit After Tax Karachi, 7th August, 2026: The Board of Directors of Meezan Bank, in their meeting approved the financial statements of the Bank for the half year ended June 30, 2026. The meeting was chaired by Mr. Riyadh S.A.A. Edrees – Chairman of the Board. The Bank reported a Profit After Tax (PAT) of Rs 48.88 billion, achieving an annualised Return on Equity of 34.7%, reflecting its ongoing commitment to enhancing shareholder value. Concurrently, basic Earnings per Share were recorded at Rs 27.15 (H1 2025: Rs 25.72). The Board approved an interim cash dividend of 80% (Rs 8.00 per share) for the second quarter of 2026. The Bank continues to maintain a strong capital position, with a Capital Adequacy Ratio above 19%, well above the regulatory requirement. Additionally, Meezan Bank remains one of the most valuable Banks in Pakistan with market capitalization exceeding USD 3.3 billion. Strong Assets and Asset Quality Total assets remained broadly stable, with the Bank closing the first half year of 2026 at Rs 5.14 trillion, compared with Rs 4.81 trillion as at December 2025. The Bank continues to demonstrate strong asset quality, with a non-performing financing ratio of 1.83%, among the lowest in the banking sector. It also maintains a prudent level of provisioning against non-performing financings, reflected in a coverage ratio of 152%. Net Spread and Non-Funded Income Show Growth The Bank’s net spread stood at Rs 128.79 billion (H1 2025: Rs 125.76 billion), representing an increase of 2%. Non-funded income increased to Rs 21.63 billion from Rs 15.92 billion in the corresponding period last year, reflecting a growth of 36%. This increase was primarily driven by higher foreign exchange income, branch banking fees, and debit card-related fees. Overall, the Bank’s Profit After Tax (PAT) rose by 6% year-on-year compared with H1 2025. SEO Optimized Keywords Meezan Bank financial results 2026, Meezan Bank profit, Meezan Bank half year results, Meezan Bank H1 2026, Meezan Bank PAT, Meezan Bank dividend, Meezan Bank interim dividend, Meezan Bank earnings, Meezan Bank Pakistan, Pakistan banking sector, Meezan Bank EPS, Islamic banking Pakistan, Meezan Bank financial performance Focus Key Phrase Meezan Bank financial results 2026 Meta Description Meezan Bank reported Rs 48.88 billion profit after tax for H1 2026 and approved an 80% interim cash dividend, with strong capital and asset quality.
Pakistan

Meezan Bank Announces Financial Results for the Half Year Ended June 30, 2026

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Meezan Bank Reports Rs 48.88 Billion Profit After Tax Karachi, 7th August, 2026: The Board of Directors of Meezan Bank, in their meeting approved the financial statements of the Bank for the half year ended June 30, 2026. The meeting was chaired by Mr. Riyadh S.A.A. Edrees – Chairman of the Board. The Bank reported a Profit After Tax (PAT) of Rs 48.88 billion, achieving an annualised Return on Equity of 34.7%, reflecting its ongoing commitment to enhancing shareholder value. Concurrently, basic Earnings per Share were recorded at Rs 27.15 (H1 2025: Rs 25.72). The Board approved an interim cash dividend of 80% (Rs 8.00 per share) for the second quarter of 2026. The Bank continues to maintain a strong capital position, with a Capital Adequacy Ratio above 19%, well above the regulatory requirement. Additionally, Meezan Bank remains one of the most valuable Banks in Pakistan with market capitalization exceeding USD 3.3 billion. Strong Assets and Asset Quality Total assets remained broadly stable, with the Bank closing the first half year of 2026 at Rs 5.14 trillion, compared with Rs 4.81 trillion as at December 2025. The Bank continues to demonstrate strong asset quality, with a non-performing financing ratio of 1.83%, among the lowest in the banking sector. It also maintains a prudent level of provisioning against non-performing financings, reflected in a coverage ratio of 152%. Net Spread and Non-Funded Income Show Growth The Bank’s net spread stood at Rs 128.79 billion (H1 2025: Rs 125.76 billion), representing an increase of 2%. Non-funded income increased to Rs 21.63 billion from Rs 15.92 billion in the corresponding period last year, reflecting a growth of 36%. This increase was primarily driven by higher foreign exchange income, branch banking fees, and debit card-related fees. Overall, the Bank’s Profit After Tax (PAT) rose by 6% year-on-year compared with H1 2025.

Govt Approves Online International Driving Permit System Across Pakistan
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Govt Approves Online International Driving Permit System Across Pakistan

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Nationwide Digital Platform to Replace Manual Procedures The federal government has approved a nationwide online international driving permit system as part of its broader efforts to expand digital public services and improve access to government facilities across the country. The initiative will establish a unified online platform that allows citizens to apply for international driving permits without having to visit multiple government offices or complete lengthy paperwork procedures. The new system will be managed by the National Police Bureau (NPB), which will oversee the digital platform and coordinate its implementation across the country. Officials believe the decision will simplify the application process, reduce waiting times and improve transparency for thousands of Pakistanis who travel abroad every year for employment, education, tourism and business purposes. The latest development also represents another important step in Pakistan’s efforts to strengthen e-governance and modernise public services through digital technology. The approval of the online international driving permit system was announced during a meeting at the National Police Bureau, where senior officials reviewed ongoing digital reforms and discussed measures aimed at improving government services. Under the new framework, applicants across all provinces will be able to follow a single, standardised procedure instead of dealing with separate rules and requirements in different regions. Authorities say the new system will make the entire process faster, more efficient and easier to access. Citizens will be able to submit applications online, upload the required documents and track the progress of their requests through the digital platform. Officials expect the move to significantly reduce administrative burdens while improving the overall quality of service. Key Features of the New System The government has stated that the new platform will provide a more streamlined and transparent process for obtaining international driving permits. Feature Details Service International Driving Permit Managing authority National Police Bureau (NPB) Application process Completely online Coverage Nationwide Main objective Faster processing and improved accessibility The authorities expect the new platform to benefit thousands of Pakistanis living, studying or working abroad. Officials also believe that the digital system will improve coordination among institutions while ensuring greater consistency in the processing of applications. Police Clearance Certificates to Become Fully Digital In addition to the launch of the online international driving permit platform, the government has announced plans to digitise the process of obtaining Police Clearance Certificates (PCCs). Under the new arrangement, citizens will be able to apply for police clearance documents online through the National Police Bureau portal instead of visiting government offices in person. The initiative is expected to offer several advantages, including reduced paperwork, faster document processing and improved transparency. Authorities hope the introduction of these services will help establish a more efficient system that better meets the needs of the public. Digital Transformation Continues Across Pakistan The latest reforms reflect the government’s increasing focus on using technology to improve public services and strengthen administrative efficiency. In recent years, authorities have expanded online services in several sectors, including banking, taxation, licensing and identity management. Experts believe the continued adoption of digital technologies could significantly improve the delivery of public services while reducing costs and administrative delays. The introduction of the online international driving permit system is expected to play an important role in enhancing convenience for Pakistani citizens while supporting the country’s broader digital transformation strategy. As implementation begins, officials will closely monitor the system’s performance to ensure that it delivers faster, more transparent and more accessible services throughout the country.

Gold Price in Pakistan Surges by Rs11,300 Per Tola as Investors Rush to Safe-Haven Assets
Pakistan

Gold Price in Pakistan Surges by Rs11,300 Per Tola as Investors Rush to Safe-Haven Assets

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The Gold Price in Pakistan recorded a sharp increase on Thursday, with the price of 24-karat gold climbing by Rs11,300 per tola to reach Rs449,236, reflecting renewed volatility in global precious metal markets. The latest rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) indicate that both gold and silver continued their upward momentum in the domestic market despite mixed signals from international trading. The sudden rise has once again highlighted the sensitivity of Pakistan’s bullion market to global economic developments, currency fluctuations, and investor sentiment. For consumers planning weddings, jewellery purchases, or investment in physical gold, the latest increase represents another financial hurdle in an already inflationary environment. Gold Price in Pakistan Climbs Across All Major Categories The increase was not limited to the per tola rate. The price of 24-karat gold per 10 grams also surged significantly, gaining Rs9,688 to settle at Rs385,147. Meanwhile, 22-karat gold per 10 grams was quoted at Rs353,064, reflecting higher prices across all major gold categories traded in Pakistan. Silver prices also moved upward, although at a much slower pace. Twenty-four karat silver increased by Rs35 per tola, reaching Rs6,659, while the price per 10 grams rose by Rs30 to Rs5,709. Compared to the previous trading session, gold has recorded one of its strongest single-day gains in recent weeks. On a month-on-month basis, gold has appreciated by Rs14,300 per tola, while it has gained Rs24,400 since the beginning of the fiscal year. However, despite these gains, gold remains lower by Rs7,726 compared to the start of the current calendar year, illustrating the highly volatile nature of bullion markets. Global Gold Market Remains Volatile Internationally, spot gold traded near $4,266 per ounce, slipping by around $10.8, or 0.25 percent, during the latest session. Despite the modest decline, global bullion prices continued to receive support from several macroeconomic factors. A weaker US dollar, declining US Treasury yields, and renewed optimism over a possible reopening of the Strait of Hormuz have collectively influenced investor behavior. These developments continue to reinforce gold’s traditional role as a safe-haven asset during periods of geopolitical and financial uncertainty. Analysts believe that international price fluctuations are likely to keep influencing Pakistan’s domestic bullion market in the coming weeks, particularly if global economic uncertainty persists. Why the Gold Price in Pakistan Keeps Rising Pakistan’s gold market does not operate in isolation. Domestic prices are directly linked to international bullion rates and are further influenced by the exchange rate of the Pakistani rupee against the US dollar. However, another issue deserves closer scrutiny. While consumers face record-high gold prices, the domestic market continues to suffer from limited pricing transparency. Retail buyers often encounter noticeable differences between official benchmark rates and actual market prices charged by local jewellers. The absence of stronger regulatory oversight leaves ordinary consumers with little protection against inconsistent pricing practices. Market experts have repeatedly stressed the need for greater transparency in bullion pricing and standardized retail practices to improve consumer confidence and reduce uncertainty. What Investors and Buyers Should Watch The latest rally reinforces gold’s position as a preferred hedge against economic uncertainty. Nevertheless, the sharp daily increase also serves as a reminder that bullion prices can change rapidly based on international developments. Investors should closely monitor global interest rate expectations, movements in the US dollar, geopolitical developments, and Pakistan’s exchange rate, as these factors will continue to shape the Gold Price in Pakistan over the coming weeks. For households, jewellers, and investors alike, today’s surge underscores that timing has become increasingly important in a market where price swings of thousands of rupees per tola can occur within a single trading session.

Grow Safe Successfully Completes Second Surveillance Audit
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Grow Safe Successfully Completes Second Surveillance Audit

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Grow Safe Successfully Completes Second Surveillance Audit of Integrated Management System KARACHI: Grow Safe has successfully completed the second external surveillance audit of its Integrated Management System (IMS), reaffirming its commitment to internationally recognized management standards, continuous improvement, operational excellence, and customer satisfaction. The audit evaluated the company’s compliance with three globally recognized ISO standards: The successful completion of the surveillance audit reflects Grow Safe’s continued focus on maintaining high standards across its quality, environmental, and occupational health and safety management systems. Quality Management Team Leads Audit Success Grow Safe credited its Quality Management Team for leading the successful audit process. The initiative was headed by Mr. Shayan Ahmed Hashmi, Management Representative and General Manager – Technical HSE, alongside Mr. Zaeem-ur-Rehman, Assistant Management Representative and Project Engineer, who played a key role in ensuring the effective implementation and continual improvement of the Integrated Management System throughout the organization. Teamwide Commitment Drives Achievement The company also acknowledged the contributions of its leadership and departmental teams, including: Grow Safe said the achievement was made possible through the collective dedication and commitment of the entire GSPL team. Grow Safe Reaffirms Commitment to International Standards In addition to maintaining its internationally recognized ISO certifications, Grow Safe continues to position itself as a trusted partner for industrial development by providing integrated solutions in occupational health and safety, fire safety engineering, environmental management, technical consultancy, professional training, and regulatory compliance. The company reiterated its commitment to helping organizations build safer workplaces, promote sustainable operations, and implement management systems that meet international best practices.

MCB Bank Delivers Rs26.5bn Half-Year Profit, Declares 90% Interim Cash Dividend MCB Bank Limited (PSX: MCB) reported a resilient financial performance for the first half of 2026, posting a profit after tax of Rs26.5 billion while announcing a second interim cash dividend of 90%, reflecting the bank's strong capital position and consistent shareholder returns. The financial results, approved by the Board of Directors under the chairmanship of Mian Mohammad Mansha, cover the six-month period ended June 30, 2026. The bank declared a second interim cash dividend of Rs9 per share (90%), taking the cumulative cash dividend for 2026 to Rs18 per share (180%). Earnings per share (EPS) stood at Rs22.34, while consolidated profit before tax reached Rs58.8 billion and consolidated profit after tax amounted to Rs28.1 billion. MCB Bank Reports Higher Income Despite Challenging Environment MCB Bank generated total income of Rs93.9 billion during the first half of 2026, marking a 6% increase compared with the corresponding period last year. Net markup income increased to Rs75.3 billion from Rs71.3 billion in the same period of 2025, supported by growth in low-cost deposits and effective yield optimisation despite a lower average policy rate. Non-markup income also recorded healthy growth, rising 7% year-on-year to Rs18.7 billion. Fee and commission income increased by 21% to Rs11.9 billion, driven by stronger digital banking activity and higher transaction volumes. Within fee income: * Card-related income increased by 13%. * Branch banking fee income rose by 5%. * Consumer banking fee income surged 27%. Foreign exchange income contributed Rs4.1 billion, while dividend income added Rs2.1 billion during the reporting period. Operating Expenses Rise as Bank Invests in Growth Operating expenses increased by 9% year-on-year as MCB continued investing in technology, human capital and brand development. Despite higher costs, the bank maintained a cost-to-income ratio of 39.20%, reflecting continued operational efficiency and disciplined expense management. Balance Sheet Continues to Expand MCB Bank's total assets increased to Rs3.43 trillion compared with Rs3.247 trillion at the end of 2025. Gross advances grew by Rs67 billion, representing a 9% increase, while the investment portfolio expanded to Rs2.067 trillion from Rs1.947 trillion. Customer deposits reached Rs2.604 trillion. The current account mix improved to 55%, compared with 54% at year-end 2025, helping reduce the domestic cost of deposits to 4.43% from 5.23% a year earlier. Asset Quality Remains Strong The bank maintained satisfactory asset quality during the period. Non-performing loans (NPLs) stood at Rs50.3 billion, while the infection ratio improved to 6.26%. The coverage ratio also strengthened to 93.13%, reflecting continued focus on recoveries and prudent credit risk management. Strong Capital and Liquidity Position MCB Bank continued to maintain capital and liquidity levels well above regulatory requirements. Key financial ratios include: * Capital Adequacy Ratio (CAR): 19.65% * Common Equity Tier-1 (CET1): 14.93% * Liquidity Coverage Ratio (LCR): 233.41% * Net Stable Funding Ratio (NSFR): 161.14% The bank reported a Return on Assets (ROA) of 1.59% and Return on Equity (ROE) of 21.49%. Digital Banking and Remittance Business Continue to Grow MCB maintained its position among Pakistan's leading banks in home remittances, processing USD2.27 billion during the first half of 2026. The bank captured a market share of 10.38% in inward remittances, supported by its nationwide branch network and expanding digital banking channels. Officials said the bank continues to support the State Bank of Pakistan's financial inclusion initiatives while contributing to the country's foreign exchange inflows. PACRA Reaffirms AAA Rating MCB Bank's long-term credit rating was reaffirmed at AAA and its short-term rating at A1+ by the Pakistan Credit Rating Agency (PACRA) on June 23, 2026. The bank currently operates more than 1,700 branches on a consolidated basis and remains among the largest and most capitalised banking institutions listed on the Pakistan Stock Exchange. Looking ahead, management said the bank remains well positioned for sustainable growth, supported by a strong capital base, ample liquidity, diversified revenue streams, disciplined risk management and continued investment in customer-focused innovation. Focus Keyword: MCB Bank profit Meta Description: MCB Bank reported a Rs26.5 billion half-year profit for 2026 and announced a 90% interim cash dividend, supported by higher income, strong capital ratios and continued growth in digital banking. Tags/Keywords: MCB Bank profit, MCB Bank, MCB financial results 2026, MCB dividend, Pakistan banking sector, PSX MCB, earnings per share, digital banking Pakistan, home remittances, PACRA AAA rating, banking stocks Pakistan, MCB half year results, capital adequacy ratio, banking news Pakistan, Pakistan Stock Exchange
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MCB Bank Delivers Rs26.5bn Half-Year Profit, Declares 90% Interim Cash Dividend

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MCB Bank Limited (PSX: MCB) reported a resilient financial performance for the first half of 2026, posting a profit after tax of Rs26.5 billion while announcing a second interim cash dividend of 90%, reflecting the bank’s strong capital position and consistent shareholder returns. The financial results, approved by the Board of Directors under the chairmanship of Mian Mohammad Mansha, cover the six-month period ended June 30, 2026. The bank declared a second interim cash dividend of Rs9 per share (90%), taking the cumulative cash dividend for 2026 to Rs18 per share (180%). Earnings per share (EPS) stood at Rs22.34, while consolidated profit before tax reached Rs58.8 billion and consolidated profit after tax amounted to Rs28.1 billion. MCB Bank Reports Higher Income Despite Challenging Environment MCB Bank generated total income of Rs93.9 billion during the first half of 2026, marking a 6% increase compared with the corresponding period last year. Net markup income increased to Rs75.3 billion from Rs71.3 billion in the same period of 2025, supported by growth in low-cost deposits and effective yield optimisation despite a lower average policy rate. Non-markup income also recorded healthy growth, rising 7% year-on-year to Rs18.7 billion. Fee and commission income increased by 21% to Rs11.9 billion, driven by stronger digital banking activity and higher transaction volumes. Within fee income: Foreign exchange income contributed Rs4.1 billion, while dividend income added Rs2.1 billion during the reporting period. Operating Expenses Rise as Bank Invests in Growth Operating expenses increased by 9% year-on-year as MCB continued investing in technology, human capital and brand development. Despite higher costs, the bank maintained a cost-to-income ratio of 39.20%, reflecting continued operational efficiency and disciplined expense management. Balance Sheet Continues to Expand MCB Bank’s total assets increased to Rs3.43 trillion compared with Rs3.247 trillion at the end of 2025. Gross advances grew by Rs67 billion, representing a 9% increase, while the investment portfolio expanded to Rs2.067 trillion from Rs1.947 trillion. Customer deposits reached Rs2.604 trillion. The current account mix improved to 55%, compared with 54% at year-end 2025, helping reduce the domestic cost of deposits to 4.43% from 5.23% a year earlier. Asset Quality Remains Strong The bank maintained satisfactory asset quality during the period. Non-performing loans (NPLs) stood at Rs50.3 billion, while the infection ratio improved to 6.26%. The coverage ratio also strengthened to 93.13%, reflecting continued focus on recoveries and prudent credit risk management. Strong Capital and Liquidity Position MCB Bank continued to maintain capital and liquidity levels well above regulatory requirements. Key financial ratios include: The bank reported a Return on Assets (ROA) of 1.59% and Return on Equity (ROE) of 21.49%. Digital Banking and Remittance Business Continue to Grow MCB maintained its position among Pakistan’s leading banks in home remittances, processing USD2.27 billion during the first half of 2026. The bank captured a market share of 10.38% in inward remittances, supported by its nationwide branch network and expanding digital banking channels. Officials said the bank continues to support the State Bank of Pakistan’s financial inclusion initiatives while contributing to the country’s foreign exchange inflows. PACRA Reaffirms AAA Rating MCB Bank’s long-term credit rating was reaffirmed at AAA and its short-term rating at A1+ by the Pakistan Credit Rating Agency (PACRA) on June 23, 2026. The bank currently operates more than 1,700 branches on a consolidated basis and remains among the largest and most capitalised banking institutions listed on the Pakistan Stock Exchange. Looking ahead, management said the bank remains well positioned for sustainable growth, supported by a strong capital base, ample liquidity, diversified revenue streams, disciplined risk management and continued investment in customer-focused innovation.

Pakistan Raises Rs171bn Through GoP Hybrid Sukuk Auction Amid Strong Investor Demand
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Pakistan Raises Rs171bn Through GoP Hybrid Sukuk Auction Amid Strong Investor Demand

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The government successfully raised nearly Rs171 billion through the latest GoP Hybrid Sukuk auction, significantly exceeding its combined target of Rs125 billion as investors showed strong interest in both short-term and long-term Islamic investment instruments. According to auction results released through the Pakistan Stock Exchange (PSX) system, the government collected a total of Rs170.976 billion in face value through fixed-rate discounted Sukuk and a variable rental rate Sukuk. The strong response underlined investors’ continued confidence in government-backed Shariah-compliant investment products despite changing market conditions and fluctuations in profit rates. The latest auction included fresh issues of fixed-rate discounted Government of Pakistan Hybrid Sukuk (GHS-FRD) and the first reopening of a 10-year variable rental rate Sukuk (GHS-VRR). The amount raised was substantially higher than the original target, reflecting increasing demand for Islamic financial products in Pakistan’s capital market. Fixed-Rate Sukuk Attract Strong Investor Interest The GoP Hybrid Sukuk auction began with the offering of fresh issues of three-month, six-month and one-year fixed-rate discounted instruments. Authorities had initially set a target of Rs75 billion for these short-term securities. However, investors submitted bids worth Rs344.91 billion, highlighting the strong appetite for government-backed Islamic instruments. The government eventually accepted Rs108.23 billion through both competitive and non-competitive bids. The one-year tenor attracted the largest share of investment, accounting for Rs58.31 billion of the total accepted amount. Meanwhile, the three-month instrument raised Rs28.78 billion, while the six-month tenor generated Rs21.14 billion. Competitive Bids For Fixed-Rate Sukuk Tenor Accepted Amount Yield Three months Rs27.45bn 11.4353% Six months Rs20.34bn 11.6899% One year Rs57.44bn 11.84% Total Rs105.23bn — Officials also accepted non-competitive bids amounting to Rs2.998 billion across all three tenors. One-Year Sukuk Emerges As The Most Popular Option The one-year Sukuk remained the preferred investment choice among institutional investors. The government accepted Rs57.44 billion in competitive bids at a cut-off yield of 11.84%. Additional non-competitive bids worth Rs871 million increased the total amount raised through this instrument to Rs58.31 billion. The three-month Sukuk recorded a cut-off yield of 11.4353%, while the six-month instrument settled at 11.6899%. Analysts believe the strong response reflects investor confidence in the country’s Islamic finance sector as well as expectations regarding future movements in profit rates. Ten-Year Variable Sukuk Also Records Strong Demand Alongside the fixed-rate offerings, the government also conducted the first reopening of the 10-year variable rental rate Sukuk, which was initially issued on July 23, 2026. The long-term security carried a reference profit rate of 11.3904% for the first profit period. Authorities had set a target of Rs50 billion for the offering, but investors submitted bids worth more than Rs412 billion. The government ultimately accepted bids valued at Rs62.75 billion, surpassing the original target by more than Rs12 billion. Results Of The 10-Year Variable-Rate Sukuk Auction Category Amount Total bids received Rs412.02bn Competitive bids accepted Rs62.50bn Non-competitive bids accepted Rs250m Total amount accepted Rs62.75bn The cut-off yield for competitive bids was fixed at 11.5704%. Islamic Finance Sector Continues To Expand The successful GoP Hybrid Sukuk auction reflects the rapid growth of Islamic finance in Pakistan, where both institutional and retail investors are increasingly seeking Shariah-compliant investment opportunities. Government-backed Sukuk instruments have become an important source of financing for the public sector while also offering investors relatively stable returns. Financial experts believe the latest auction results demonstrate the depth and resilience of Pakistan’s Islamic capital market, particularly as investor demand remains strong across both short-term and long-term instruments. The higher-than-expected level of participation also indicates growing confidence in government securities despite ongoing economic challenges. As Pakistan continues to expand its Islamic financial sector, analysts expect Sukuk offerings to play an increasingly important role in raising funds and supporting long-term economic development.

US EXIM Bank To Review $1.25bn Financing For Pakistan's Reko Diq Project
Pakistan

US EXIM Bank To Review $1.25bn Financing For Pakistan’s Reko Diq Project

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The proposed Reko Diq financing package has entered another important phase after the United States Export-Import Bank (EXIM) decided to reassess its planned financial support for Pakistan’s flagship mining project. According to officials from the United States Embassy, the financial institution will review its proposed financing package worth $1.25 billion as project authorities recalculate development costs and finalise the overall funding structure. Officials said the project remains on track despite delays in the approval process, which have resulted from adjustments to construction plans, financial requirements, and broader operational considerations. The latest development highlights the strategic importance of the Reko Diq project, which is regarded as one of the world’s largest untapped deposits of copper and gold. The project is expected to play a significant role in attracting foreign investment, increasing export earnings, and strengthening Pakistan’s long-term economic outlook. Project Costs And Funding Structure Under Review Officials from the United States Embassy told a small group of journalists that the Reko Diq financing plan is continuing to move forward despite slower-than-expected progress. According to the officials, the review process is intended to ensure that the project’s financial framework accurately reflects revised cost estimates and long-term operational requirements. The embassy representatives emphasised that the reassessment does not indicate a suspension of the project. Instead, it is intended to strengthen the financing strategy and ensure that all stakeholders remain aligned with the project’s objectives. Financial analysts believe that the review could help improve transparency while allowing authorities to develop a more sustainable financial model for the multibillion-dollar venture. Reko Diq Holds Strategic Importance For Pakistan Located in Balochistan’s Chagai district, the Reko Diq mining project is widely considered one of Pakistan’s most valuable natural resource developments. The vast mineral reserves found at the site are expected to contribute significantly to Pakistan’s export revenues over the coming decades. Industry experts believe the project could generate thousands of jobs while creating new opportunities for infrastructure development and economic activity in the surrounding region. The initiative is also expected to strengthen Pakistan’s mining industry by encouraging additional international investment and introducing modern technology and expertise into the sector. Foreign Investment Expected To Increase The Reko Diq project has attracted considerable international attention because of its economic potential and strategic importance. Experts believe successful implementation of the project could enhance Pakistan’s standing among global investors and improve confidence in the country’s mining and energy sectors. The involvement of international financial institutions and foreign investors is expected to provide the technical expertise and capital needed to develop the project efficiently. Analysts have also pointed out that growing global demand for copper, which is widely used in electric vehicles, renewable energy technologies, and industrial production, has increased the significance of the project. Gold production is also expected to provide an additional source of export earnings for Pakistan. Project Remains On Course Despite Delays Although the review process may delay the final approval of the financing package, officials have reaffirmed that the project continues to move ahead. The recalculation of project costs and the development of a revised financing structure are expected to provide greater clarity regarding future investment requirements. Government officials remain optimistic that the project will eventually become one of the country’s most important sources of foreign investment and export income.

Faysal Bank Reports Rs10.35bn Half-Year Profit And Announces Interim Dividend
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Faysal Bank Reports Rs10.35bn Half-Year Profit And Announces Interim Dividend

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Faysal Bank Limited (PSX: FABL) posted a stable financial performance during the first six months of 2026, with the Faysal Bank profit standing at Rs10.35 billion despite a decline in core earnings and a reduction in credit loss reversals. According to the bank’s financial results for the half-year ended June 30, 2026, consolidated profit after taxation fell marginally by 0.7% from Rs10.42 billion in the corresponding period of last year. Alongside the earnings announcement, the bank declared an interim cash dividend of Rs1.50 per share, reflecting management’s confidence in the institution’s financial position. Basic and diluted earnings per share (EPS) came in at Rs6.82 compared with Rs6.87 recorded during the same period a year earlier. Despite pressure on net profit earned from financing activities, the bank benefited from strong growth in non-markup income, which helped offset the decline in its core business operations. Non-Markup Income Supports Overall Earnings The latest Faysal Bank profit figures show that non-markup income increased significantly during the reporting period. Total other income climbed by 41% to Rs17.22 billion, compared with Rs12.20 billion recorded in the corresponding period of 2025. The increase was largely driven by substantial gains from investments and higher income generated through foreign exchange transactions. The bank’s gain on securities increased sharply to Rs3.37 billion from Rs210.08 million a year earlier, representing an increase of more than 1,500%. Foreign exchange income also recorded impressive growth, rising by 21% to Rs4.52 billion. Dividend income increased by nearly 89% to Rs385.54 million, while fee and commission income grew by 10% to reach Rs8.92 billion. Overall, total income increased by almost 8% to Rs50.31 billion, compared with Rs46.65 billion in the corresponding period last year. Core Banking Income Declines Despite the growth in other sources of revenue, the bank’s net profit earned from financing activities declined during the first half of the year. Profit earned fell to Rs81.04 billion from Rs84 billion recorded a year earlier. At the same time, profit expenses declined to Rs47.95 billion from Rs49.55 billion. As a result, net profit earned fell by almost 4% to Rs33.09 billion. Financial analysts attribute the decline to changing market conditions and adjustments in profit rates across the banking industry. However, strong diversification of revenue streams helped the bank maintain overall profitability. Operating Expenses Continue To Rise The bank also reported higher operating costs as its business activities expanded. Total operating expenses increased by 8.6% to Rs29.64 billion, while total other expenses rose by 8.5% to Rs30.09 billion. Contributions to the Workers Welfare Fund reached Rs448.52 million during the reporting period. At the same time, the bank’s share of profits from associated companies increased by 29% to Rs161.25 million. Consequently, profit before credit loss allowances rose by more than 7% to Rs20.38 billion. Lower Credit Loss Reversals Affect Earnings The bank recorded a net reversal of credit loss allowances amounting to Rs697.55 million. Although this amount strengthened earnings, it was considerably lower than the Rs3.51 billion reversal reported during the same period last year. As a result, profit before taxation declined by 6.5% to Rs21.07 billion. Meanwhile, taxation expenses fell by almost 12% to Rs10.72 billion, helping the bank maintain its overall profitability. The lower tax burden played an important role in keeping the Faysal Bank profit largely unchanged despite pressure on pre-tax earnings. Key Financial Highlights Description 1HCY26 1HCY25 Change Profit after taxation Rs10.35bn Rs10.42bn -0.7% Earnings per share Rs6.82 Rs6.87 -0.7% Total income Rs50.31bn Rs46.65bn +7.8% Non-markup income Rs17.22bn Rs12.20bn +41.1% Foreign exchange income Rs4.52bn Rs3.73bn +21.3% Operating expenses Rs29.64bn Rs27.29bn +8.6% Market analysts believe the bank’s diversified revenue base, expanding digital operations, and strong balance sheet position will continue to support future growth despite ongoing economic challenges. Investors will now closely monitor the bank’s performance during the second half of the year as changing economic conditions continue to influence Pakistan’s banking sector.

New Transhipment Incentive Package Cuts Cargo Handling Costs at Pakistani Ports
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New Transhipment Incentive Package Cuts Cargo Handling Costs at Pakistani Ports

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Pakistan has introduced a new transhipment incentive package aimed at lowering cargo handling costs, attracting more regional shipping traffic, and strengthening the country’s position as a leading maritime trade hub. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced the initiative on Wednesday, describing it as a major step towards enhancing the competitiveness of Pakistan’s ports. According to an official statement, the package has been jointly launched by the Karachi Port Trust (KPT), the Port Qasim Authority (PQA), and container terminal operators at both ports. The incentives include reductions in wet charges, wharfage fees, storage costs, and terminal handling charges for containerised, bulk, and break-bulk transhipment cargo. Officials believe the initiative will make Pakistani ports more attractive to international shipping lines while increasing regional trade activity. Performance-Based Concessions Introduced for Shipping Lines The new transhipment incentive package introduces a performance-based concession structure designed to encourage higher volumes of transhipment cargo through Pakistani ports. Under the policy, vessels carrying between 5% and 10% transhipment cargo will receive a 20% concession on port wet charges. Ships transporting between 11% and 25% transhipment cargo will qualify for a 30% discount, while vessels carrying between 26% and 50% cargo will receive a 50% concession. Vessels carrying between 50% and 90% transhipment cargo will be eligible for a 70% reduction, provided container ships carry at least 2,000 twenty-foot equivalent units (TEUs). Meanwhile, ships carrying between 90% and 100% transhipment cargo will receive an 80% concession, subject to a minimum cargo volume of 3,500 TEUs. Government officials said the incentives are expected to reduce operational costs and encourage global shipping companies to route more cargo through Pakistan. Karachi Port and Port Qasim Offer Additional Benefits The Karachi Port Trust has also announced additional incentives under the new package. According to the details, KPT will offer wharfage concessions ranging from 20% to 80%, depending on the percentage of transhipment cargo carried by each vessel. Shipping companies will also receive 14 days of free storage at port terminals and 30 days of free storage at the TPX cargo facility under the responsibility of shipping agents. The Port Qasim Authority has introduced an even broader incentive package by offering a 100% concession on wharfage charges along with seven days of free terminal storage. The storage period may be extended to up to 21 days to facilitate cargo movement under the supervision of shipping agents. Officials expect these incentives to improve port efficiency, reduce cargo delays, and strengthen Pakistan’s position within international shipping networks. Container Terminal Operators Reduce Handling Charges Pakistan’s four major container terminals have also joined the initiative by reducing terminal handling charges. The participating facilities include the Karachi International Container Terminal (KICT), South Asia Pakistan Terminals (SAPTL), Karachi Gateway Terminal Limited (KGTL), and the Qasim International Container Terminal (QICT). The terminals have introduced a 10% concession for vessels carrying between 5% and 10% transhipment cargo, while ships carrying between 11% and 25% cargo will receive a 20% discount. Cargo volumes exceeding 25% of a vessel’s total manifest will qualify for concessions of up to 25%. The incentives apply to both 20-foot and 40-foot containers, providing significant cost savings for shipping companies operating through Pakistan. New Policy to Replace Earlier Regulations The maritime affairs minister said the new framework will replace all previous concession notifications and statutory regulatory orders relating to transhipment operations. He added that the unified system would establish a more transparent and efficient mechanism for cargo handling at both Karachi Port and Port Qasim. Industry experts believe the initiative could increase trade volumes, improve port efficiency, and attract fresh investment into Pakistan’s maritime sector. Analysts also noted that lower costs and streamlined procedures could enhance Pakistan’s role as a strategic transit hub linking South Asia, Central Asia, and the Middle East.

Pakistan Requests $1.3bn China Loan Refinancing Amid Debt Repayments
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Pakistan Requests $1.3bn China Loan Refinancing Amid Debt Repayments

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Pakistan has formally requested China loan refinancing worth $1.3 billion as the government continues its efforts to strengthen foreign exchange reserves and manage growing external financing obligations. According to official sources, negotiations between Pakistani authorities and Chinese officials are progressing, and the funds are expected to be transferred later this month after both sides finalise the terms and conditions of the agreement. The proposed arrangement is expected to provide much-needed support to the country’s foreign exchange reserves at a time when Pakistan is dealing with substantial debt repayments and increasing financial commitments. Sources familiar with the matter said that officials are working to expedite the process to ensure the funds arrive as soon as possible. The development highlights the close financial cooperation between Pakistan and China, which have maintained strong economic ties for many years. Pakistan recently completed external debt repayments amounting to approximately $2.2 billion during July. The amount included the repayment of a $1.3 billion Chinese commercial loan that is now expected to be refinanced. The government hopes that the latest arrangement will help maintain stability in the country’s external account position while reducing pressure on the economy. Pakistan Continues Efforts to Strengthen Reserves The China loan refinancing initiative comes at a crucial time for Islamabad as policymakers continue to monitor the country’s foreign exchange reserves and overall economic performance. Maintaining adequate reserves remains one of the government’s key priorities because these holdings play an important role in supporting imports, stabilising the national currency, and ensuring the country’s ability to meet international financial obligations. Pakistan has taken several measures in recent years to improve its fiscal position and enhance investor confidence. Authorities have focused on increasing exports, attracting foreign investment, improving tax collection, and implementing structural reforms aimed at strengthening the economy. Economic experts believe refinancing arrangements can help countries avoid immediate financial pressure by extending repayment periods and creating additional fiscal space. Such agreements also provide governments with greater flexibility in managing external liabilities. China has remained one of Pakistan’s largest financial partners and has frequently extended financial assistance through commercial loans, currency swaps, and investment projects. Debt Servicing Remains a Key Challenge Pakistan continues to face significant debt servicing obligations despite improvements in several economic indicators. Rising global interest rates and fluctuating commodity prices have further complicated the economic outlook for many developing economies, including Pakistan. The latest refinancing request reflects the government’s broader strategy of securing external funding while maintaining financial stability. Officials remain focused on ensuring that reserve levels remain sufficient to support economic activity and meet international commitments. Analysts have noted that the successful completion of the refinancing process would strengthen market confidence and ease concerns regarding short-term external financing requirements. The expected inflow is also likely to provide support to policymakers as they work to sustain economic growth while controlling inflationary pressures. Although officials have not publicly disclosed additional details regarding the agreement, discussions between both sides are reportedly continuing. Finance Ministry Yet to Issue an Official Statement Media organisations sought comments from the Ministry of Finance regarding the refinancing request and the progress of negotiations. However, ministry officials had not issued any formal response by the time this report was published. Market observers will continue to monitor developments closely, as the outcome of the discussions could influence the country’s financial outlook in the coming months. With billions of dollars in debt obligations due over the coming years, Pakistan’s ability to secure favourable financing arrangements will remain a major factor in determining the pace of economic recovery and long-term stability. China Loan Refinancing Could Support External Stability The China loan refinancing request underscores Pakistan’s continued reliance on external financial support to manage debt repayments and maintain adequate foreign exchange reserves. The outcome of the ongoing negotiations will be closely watched by investors and policymakers, as a successful refinancing agreement could provide short-term financial relief while supporting broader economic stability.

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