BankIslami, one of Pakistan’s fastest-growing Islamic banks, reported a profit before tax (PBT) of PKR 4.31 billion for the first half of 2026. The Bank’s deposit base crossed PKR 700 billion for the first time, reflecting 11.1 percent year-on-year growth and continued customer trust in its banking services. In the first half of 2026, the Bank’s CASA ratio strengthened to over 77 percent, and g
Following the acquisition of a 5G license, Zong, a subsidiary of China Mobile Limited, has launched a mega investment programme to upgrade more than 1,000 sites to 5G technology across Pakistan during 2026, accelerating the country’s transition towards next-generation mobile connectivity. Zong, in Mach, announced to commercially launch fifth-generation (5G) services in Pakistan. Its coverage in
Pakistan and Google signed a Memorandum of Understanding (MoU) on Friday to promote national digital transformation and innovation, with a focus on expanding digital skills, IT exports and innovation in the country. The cooperation marks a significant development towards Prime Minister Shehbaz Sharif’s vision of increasing Pakistan’s IT exports and digital economy to $30 billion by 2030, read a
Federal Commerce Minister Jam Kamal Khan has directed the development of an integrated, secure, AI-powered digital system for the Ministry of Commerce. The minister held separate meetings with representatives of the Pakistan Digital Authority (PDA) and the management of Sky47 in this regard, read a statement on Friday. The meetings focused on treating government data as a national asset, str
Gold held steady on Friday but was on track for a third straight weekly gain, buoyed by a weaker dollar and US Treasury Department efforts to hold down longer-term yields. Spot gold was little changed at $4,514.23 per ounce, as of 0031 GMT, after hitting its highest level since early June in the previous session. Prices were up 3.2% for the week. US gold futures steadied at $4,571.20. The