Meezan Bank has reported an exceptional profit of Rs. 104 billion for the year 2024, marking a 21% increase compared to the previous year. This significant growth was attributed to higher earnings from Islamic financing and robust investment returns.

The bank's net profit and returns surged by 26.73%, reaching Rs. 287.04 billion, while other income saw a substantial rise of 32.84%. Despite an increase in operating expenses, the bank's profit before tax grew by 31.51%, reaching Rs. 226.28 billion.

Key factors behind this growth included an increase in fee and commission income, as well as a Rs. 3.51 billion gain on securities. However, foreign exchange income declined sharply by 72.7% due to currency market fluctuations.

Meezan Bank's performance underscores its strong position in the banking sector and its ability to generate higher returns despite economic challenges. The bank continues to expand its Islamic banking operations, attracting more customers and investments.

With this record-breaking profit, Meezan Bank remains a prominent player in Pakistan's financial sector, showcasing resilience and adaptability in a dynamic market environment.
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