Pakistan, April 9 -- Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, has been assigned a long-term entity rating of 'AA+ (Double AA plus)', upgraded from its earlier rating of 'AA (Double AA)', by Pakistan Credit Rating (PACRA). The Bank's short-term rating is at A1+ (A-one plus) with a stable outlook.

This rating upgrade reflects FBL's successful evolution into a fully-fledged Islamic bank, cementing its position as one of Pakistan's foremost financial institutions, supported by strategic partnerships and a commitment to digital transformation. FBL delivered a strong performance across key metrics during the period under review. Digital banking activity registered substantial growth with transactions exceeding PKR 3 ...