Tuesday, August 11 2026

BOP Board approves up to Rs30bn equity injection by Punjab govt
The Board of Directors of The Bank of Punjab (BOP), at its meeting held on August 7, 2026, approved a proposal for an equity injection of up to Rs 30 billion by the Government of Punjab through the issuance of ordinary shares, otherwise than by way of a rights issue. The transaction remains subject to all applicable statutory, corporate, shareholder and regulatory approvals. The proposed capital injection marks an important milestone in BOP’s ongoing transformation and is designed to strengthen the Bank’s capital base in support of its future growth ambitions.
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Related symbols: bop (news stock)

Monday, August 10 2026

BOP stock rallied 3x on volume before the 'News' broke
On Wednesday, August 5, an ordinary trading session on the Pakistan Stock Exchange quietly turned extraordinary. Bank of Punjab's counter, which had spent weeks drifting in a tight, unremarkable band, suddenly came alive, buyers piling in at nearly double the stock's normal turnover. By Thursday, the volume had almost tripled. By Friday, the stock was printing fresh highs. Nobody outside a small circle knew why. The Bank of Punjab's board would not formally meet to approve anything until that very Friday afternoon. The public would not learn what had been decided until the following Monday morning. By then, the rally was already over. This is the story of a Rs30 billion capital injection, and a stock market that appears to have found out about it days before it was supposed to.
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Related symbols: bop (news stock)

Meezan Bank housing finance surpasses Rs3bn under GHTA
Meezan Bank, one of Pakistan’s largest commercial banks, has surpassed Rs3.05 billion in cumulative disbursements under the Government of Pakistan’s flagship affordable housing initiative, Wazir-e-Azam Apna Ghar Programme – Ghar Ho Tu Apna (GHTA). “The milestone reflects the growing preference for Meezan Bank’s Shariah-compliant housing finance solutions and the bank’s continued commitment to making home ownership more accessible through ethical, transparent and customer-centric financing,” read a statement on Monday. The ‘Wazir-e-Azam Apna Ghar Programme – Ghar Ho Tu Apna’ (GHTA) is a nationwide subsidised housing finance initiative launched on April 30, 2026, by PM Shehbaz Sharif.
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Related symbols: mebl (news stock)

Friday, August 07 2026

Meezan Bank H1 profit rises 3%, declares Rs8 dividend
Meezan Bank Limited (PSX: MEBL) recorded a 3% increase in its consolidated net profit for the six months ended June 30, 2026, with profit after taxation climbing to Rs48.64bn from Rs47.14bn in the corresponding period last year. Showing this steady bottom-line growth, the bank's basic earnings per share (EPS) expanded to Rs26.71 from Rs25.97 in 1HFY25, while diluted EPS rose to Rs26.54 from Rs25.81. The Board of Directors has declared an interim cash dividend of Rs8.00 per share (80%) for the half year ended June 30, 2026. This is in addition to the interim dividend of Rs7.50 per share (75%) already paid. Total income grew 6% year-on-year to Rs153.02bn from Rs144.18bn in the prior period.
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Related symbols: mebl (news stock)

SBP mandates same-day premium prize bonds’ sale transactions settlement
The State Bank of Pakistan (SBP) on Thursday directed banks to settle all Premium Prize Bond (PPB) sale transactions with the SBP Banking Services Corporation (BSC) on the same day, warning that any delay would make them liable to pay charges for the use of funds during the period of delay. The SBP has amended Standard Operating Procedures (SOPs) for issuance of Premium Prize Bonds (PPBs) through commercial banks and, after reviewing the prevailing mechanism for reporting PPB sale transactions.
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