Latest Financial News

ICST accuses SBP of ‘concealing’ economic realities

  • 23-06-2017
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ISLAMABAD -  Islamabad Chamber of Small Traders (ICST) on Sunday said the State B

Full-day report: KSE-100 Index starts week with 600-point boost

  • 23-06-2017
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The Pakistan Stock Exchange has started the week on a positive note, with the benc

ADB approves $20m loan for micro, small and medium enterprises

  • 23-06-2017
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KARACHI: The Asian Development Bank (ADB) has approved a $20 million loan to help

Rupee report: Rupee gains against dollar

  • 23-06-2017
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DULL trading persisted in the local currency market for the third consecutive week

Reserves rise by 1pc

  • 23-06-2017
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KARACHI: Pakistan’s total liquid foreign exchange reserves amounted to $20.3 billion on

Asian Development Bank approves $300m to reform PSEs

  • 23-06-2017
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ISLAMABAD: The Asian Development Bank (ADB) signed a $300 million loan agreement o

WB projects 5.5pc growth for Pakistan

  • 23-06-2017
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ISLAMABAD - The World Bank has projected Pakistan’s economic growth at 5.5 perce

Banks fuel market’s 773-point rally

  • 23-06-2017
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KARACHI - Stock market continued its bullish momentum on second consecutive day, T

ADB approves $20m loan for micro, small and medium enterprises

  • 23-06-2017
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KARACHI: The Asian Development Bank (ADB) has approved a $20 million loan to help

Multibillion-rupee scam: SBP given three days to probe latest NBP fraud

ISLAMABAD: Finance Minister Ishaq Dar is learnt to have directed the State Bank of Pakistan (SBP) to launch an investigation into a multibillion-rupee fraud in the National Bank of Pakistan (NBP) and submit a report within three days. The NBP itself had filed a complaint with the FIA and nominated a senior woman executive, who confessed […]

NBP’s female official arrested for ‘Rs1.5 billion fraud’

ISLAMABAD: The Federal Investigation Agency has recently arrested a senior female officer of the National Bank of Pakistan along with four officers of another organisation on charges of irregularly withdrawing billions of rupees from bank accounts. An assistant vice president of the NBP was arrested this week after the bank lodged a complaint that the officer […]

Near about $8 Billion Dollars Laundered abroad by Pakistani Banks

The State Bank of Pakistan (SBP) on Wednesday said that around $7.9 billion capital had flown out of the country in the last five years from foreign currency accounts opened under the protection of Economic Reforms Act 1992. The SBP officials informed the National Assembly’s Standing Committee on Finance that there was no bar on […]

$5bn spent on debt servicing in July-March

KARACHI: External debt servicing rose to $5 billion by the end of the third quarte

PSX shows strong recovery, rallies by 1566pts

KARACHI - After last week’s abysmal performance, the Pakistan Stock Exchange (PS

Bank borrowings increase

DEPOSITS and other accounts of all scheduled banks stood at Rs11,163.34bn after a

ADB’s $20m loan to increase credit access in Pakistan

The Asian Development Bank (ADB) has approved a $20 million loan to help Pakistan

World Bank for updating Pakistan’s GDP

The government has agreed to a World Bank proposal to update the methodology and s

Rupee weak against dollar

THE dollar in overseas trade slumped to the lowest level since November as a react

Planning Commission reallocates funds to complete 101 projects

ISLAMABAD: With the inundation of Rs1.62 trillion worth of half-cooked projects in

PBA, PPA, KI delegations meet finance minister

ISLAMABAD -  Finance Minister Ishaq Dar on Monday held meetings with delegations

World Bank sees Pakistan FY17 growth at 5.2 pct, highest in nine years

ISLAMABAD:  The World Bank on Saturday forecast Pakistan´s GDP growth in fiscal

Rupee weakens against dollar

THE rupee-dollar parity remained range-bound, trading between the high of Rs104.86

WORLD FINANCIAL NEWS

Asia

Wavering risk appetite after Manchester blast weighs on sterling, Asia stocks, lifts yen

Sterling slipped on Tuesday after a suspected suicide attack killed at least 22 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was “too weak”. Despite the explosion, at a concert by US singer Ariana Grande, European markets […]

In India, a new banking system to reach the masses

India central bank relaxes cash withdrawal limit with immediate effect

Banking & Financial Scams

SBP’s reserves continue to fall, amount to $15.9b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.104% on a weekly basis, according to data released on Thursday. On May 12, the foreign currency reserves held by the central bank were recorded at $15,895.9 million, decreasing $16.6 million or 0.104%, compared to $15,912.5 million in the previous week, according to […]

Anti-money laundering, terror financing measures reviewed

  • 03-03-2017
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ISLAMABAD - Finance Minister Ishaq Dar on Thursday chaired a meeting to review pro

Brokerage fraud: Victims form body to help recover Rs5b

  • 13-02-2017
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MULTAN: The people who have been a victim of fraud committed by MR Securities and

Western Union admits to aiding wire fraud, to pay $586m

  • 01-02-2017
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Western Union Co, the world's biggest money-transfer company, agreed to pay $586 m

Plea bargain helped recover Rs285 billion, says NAB chief

  • 31-12-2016
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ISLAMABAD: Responding to criticism against the provision, the National Accountabi

Multibillion-rupee scam: SBP given three days to probe latest NBP fraud

  • 27-12-2016
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ISLAMABAD: Finance Minister Ishaq Dar is learnt to have directed the State Bank o

NBP’s female official arrested for ‘Rs1.5 billion fraud’

  • 10-12-2016
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ISLAMABAD: The Federal Investigation Agency has recently arrested a senior female

BANKING MANAGEMENT

Executive MANAGEMENT

Masood Karim appointed acting NBP President

  • 21-01-2017
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Masood Karim Shaikh has been appointed as acting President National Bank of Pakist

Tahir Hassan assumes office as ABL CEO

  • 05-01-2017
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Tahir Hassan Qureshi has assumed office of the chief executive officer (CEO) of Allied Ban

MANAGER

Sohail Kazmi AVP/Senior Manager Projects MCB Digital Banking

  • 24-08-2016
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Sohail Kazmi  AVP/Senior Manager Projects MCB Digital Banking successfully comple

Delayed Justice: Bank manager arrested for fraud

  • 14-01-2016
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SUKKUR: The National Accountability Bureau (NAB) arrested on Wednesday a

Employee

National Bank of Pakistan In Trouble

  • 08-04-2014
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Tired of with the unending political appointments that has taken toll on the biggest state

EMPLOYEE OF THE MONTH

Selling Strategies from the only Youngest Branch Manager in Pakistan Banking

  • 02-04-2014
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Today I would like to introduce a banker, a genius, Mirza Bilal Khalid, the o