Meezan Bank Limited has released its condensed interim unaudited financial statements for the nine-month period ending September 30, 2023. The report highlights the challenges faced by Pakistan's economy, including fiscal disparities, low foreign exchange reserves, political unrest, and elevated global energy and commodity prices. The government has taken measures to stabilize the economy, including rationalizing imports, raising domestic energy prices, and increasing taxes. The report also mentions the Monetary Policy Committee's decision to raise the policy rate and the International Monetary Fund's financial assistance to Pakistan. Meezan Bank achieved impressive results with a profit after tax of Rs 58 billion, a growth of 103% compared to the previous year. The bank's deposit portfolio grew by 21% and crossed the Rs 2 trillion landmark for the first time. Meezan Bank is committed to contributing to the nation's economic growth and stability and supporting the government's transition towards Islamic finance. The bank has also announced the appointment of Syed Amir Ali as Deputy CEO, who will eventually succeed the current CEO upon his retirement. Meezan Bank operates as an Islamic commercial bank in Pakistan, providing financing to corporate, commercial, SME, agriculture, and consumer banking customers. [8f941788]