Latest Financial News

SECP passes capital market, insurance, REIT rules

  • 15-08-2018
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ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has passed r

Islamic banking assets grow 12pc

  • 15-08-2018
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ISLAMABAD - The Islamic Banking Industry (IBI) has grown considerably as its asse

Volumes down but index inches up by 0.8pc

  • 15-08-2018
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Lahore - The KSE-100 index resumed its upward trajectory with the week closing 0.

New govt fears IMF bailout to hamper reforms

  • 15-08-2018
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ISLAMABAD - Pakistan Tehreek-e-Insaf (PTI), the government in-waiting, is seriousl

Booming real estate sector contributes just Rs23 billion in taxes

  • 15-08-2018
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ISLAMABAD: The tax contribution by Pakistan’s booming realty sector, where most

The rupee remains stable

  • 15-08-2018
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IN the local currency market last week, State Bank measures to check dollar outflo

Bank deposits see decline of 0.12pc

  • 15-08-2018
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ACCORDING to the weekly statement of position of all scheduled banks for the week

No stability without financial inclusion: SBP

  • 15-08-2018
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KARACHI: State Bank of Pakistan (SBP) Governor Tariq Bajwa on Tuesday expressed fi

UBL profit drops 41% after high pension payments

  • 11-08-2018
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KARACHI: United Bank Limited’s (UBL) consolidated profit dropped 41% to Rs3.3 b

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 […]

KSE-100 gains 175 points in range-bound trading

KARACHI: A day after losing 480 points, the KSE-100 index gained 175 points in ra

SBP warns against external sector vulnerabilities

KARACHI: The State Bank of Pakistan (SBP) has projected deterioration in bank ear

HBL declares Rs8.1bn profit after tax

KARACHI: Habib Bank Ltd on Thursday declared a consolidated profit after tax of Rs

Corporate sector’s external debt rises to $7.4bn

KARACHI: Pakistan corporate sector’s total external debt climbed to $7.4 billion

NAB to continue ‘Say No to Corruption’ campaign

ISLAMABAD: The Awareness and Prevention campaign of National Accountability Burea

IMF programme ‘inevitable’, says Pakistan Business Council

KARACHI: Pakistan Business Council (PBC) has launched 100-day economic agenda for

SC bars three bank chiefs from leaving Pakistan

ISLAMABAD: The Sup­reme Court on Sunday ordered placing of names on the Exit Cont

Muddled World Bank report: Pakistan ‘needs’ $31b this year to stay afloat

ISLAMABAD: A World Bank report warns that Pakistan’s external sector situation

Dollar rises to Rs107 in ‘market-driven adjustment

KARACHI: TheEXCHANGE  rate witnessed massive fluctuations on Friday as the dollar

Standard Chartered Bank to give $200m loan to Pakistan

ISLAMABAD: The Standard Chartered Bank will give a $200-million commercial loan t

WORLD FINANCIAL NEWS

World

BoE raises rates above crisis lows as Brexit looms

  • 04-08-2018
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LONDON: The Bank of England pushed interest rates above their financial crisis low

IMF to launch new form of aid—with no money

  • 27-07-2017
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WASHINGTON: The International Monetary Fund (IMF) announced on Wednesday it will l

Asia

Indian rupee falls to all-time low against dollar

NEW DEHLI: The Indian rupee fell to an all-time low Tuesday against the US dollar amid worries that Turkey’s growing financial crisis could spread to other developing-world economies. Indian Economic Affairs Secretary Subhash Chander Garg told reporters that there was “nothing at this stage to worry” about after the rupee reached 70.1 to the dollar […]

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

In India, a new banking system to reach the masses

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