Karachi: National Bank of Pakistan Limited has released its half-year financial results for the period ending June 30, 2025, showcasing a robust performance amidst a stabilizing domestic economic environment. The financial statements, reviewed by the Bank’s external auditors, highlight significant growth in net interest income and a marked improvement in after-tax profits.
The Pakistani economy exhibited stabilization signs in 2025, with GDP growth estimated at 2.7%. This growth was primarily driven by strong agricultural output, a recovery in manufacturing, and expansion in the services sector. Inflation averaged 4.5%, a stark moderation from nearly 40% two years prior, leading to a reduction in the State Bank of Pakistan’s policy rate from 22% to 11% by June 2025.
The external sector saw a strengthening, with the current account recording a $2.1 billion surplus for the fiscal year 2025, supported by resilient remittances and improved export performance. Foreign exchange reserves reached $13.9 billion by June 2025, bolstered by multilateral inflows, including a $7 billion IMF program.
Pakistan’s sovereign credit standing has improved, with S&P raising the country’s rating to B- with a stable outlook, while Fitch and Moody’s have also upgraded their ratings. These developments are expected to enhance investor confidence.
According to information available from the Pakistan Stock Exchange (PSX), the PSX has performed remarkably, with the KSE-100 Index achieving a gain of around 60% and reaching an all-time high of over 124,000 points by June 2025. This performance reflects macroeconomic stability, reduced interest rates, and the impact of structural reforms under the IMF program.
The Bank’s financial results for the half-year period show a significant increase in net interest income, which rose by a big move. Non-fund income increased moderately, driven by a rise in fee and commission income. Despite an increase in operating expenses by a moderate move, the Bank achieved a substantial increase in pre-tax and after-tax profits, which grew by a very large or significant move.
National Bank of Pakistan’s total assets amounted to PKR 7,224.9 billion as of June 30, 2025, marking a big move increase since December 31, 2024. The Bank’s investments grew by a big move, while total deposits saw a very large or significant move increase, enhancing the Bank’s liquidity and funding profile.
The Bank’s capital adequacy ratio and other financial indicators remain strong, maintaining its status as a Domestic Systemically Important Bank. Additionally, the closure of foreign operations in Azerbaijan and Kyrgyzstan was completed during the period.
Overall, the National Bank of Pakistan’s performance for the first half of 2025 reflects its resilience and strategic adaptation to the evolving economic environment.