Latest Financial News

Rupee report: Rupee’s downtrend continues

  • 25-07-2017
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THE rupee showed a weakening trend in the local currency market last week, but tra

PSX commences week on positive note as benchmark index advances 235 points

  • 25-07-2017
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The Pakistan Stock Exchange (PSX) commenced the trading week on a positive note, w

Pakistan’s FDI challenges amid rapid urbanisation

  • 25-07-2017
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ISLAMABAD: Foreign direct investment (FDI) is considered a prime determinant of s

Market watch: KSE-100 rises above 45,500 points despite dull trading

  • 25-07-2017
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KARACHI: The stock market experienced range-bound trading on Monday as retail-dri

Losses incurred: Lack of branding shifts benefits to other countries

  • 25-07-2017
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LAHORE: Lack of branding and value addition is shifting all benefits to other cou

Growth to slow in MENA, Pakistan

  • 25-07-2017
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KARACHI: The Internat­ional Monetary Fund’s (IMF) World Economic Outlook (WEO)

Below potential: Pakistan at 68th spot in horticulture exports

  • 25-07-2017
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LAHORE: Pakistan’s horticulture exports failed to make significant headway in 2

Banking industry is facing organic stress

  • 25-07-2017
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The banking industry continues to be haunted by ‘rising risks’ despite its ene

Bankers fear rupee will fall again

  • 25-07-2017
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The uneasy calm that prevailed in Pakistan’s forex market prior to the July 5 ma

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 […]

Stocks manage modest gains amid thin volumes

KARACHI: Complete lack of interest in trading at the stock market saw the volume d

Bank deposits increase 19% to reach Rs11.9tr

KARACHI    : Bank deposits have increased 19% to reach Rs11.9 trillion in Jun

Stock market plumbs year’s lowest level as political turmoil persists

KARACHI: Political uncertainty, submission of the JIT reportand adjournment of Su

Dar urged to maintain cash subsidy on exports

ISLAMABAD: Commerce and textile ministries have urged the Ministry of Finance to a

Currency: Rupee weakens against dollar

KARACHI: The rupee weakened against the dollar at 105.7/105.9 in the inter-bank m

Mutual funds, not brokers, dictate the bourse now

On Tuesday, when the KSE-100 index tanked 2,153 points, the record single-day decl

MCCI demands release of funds

MULTAN: The government has failed to achieve the tax targets fixed for 2016-17 de

IMF projects Pakistan’s external financing requirements at $16.2b

ISLAMABAD: The International Monetary Fund (IMF) has said that Pakistan’s gross

Foreign investment hits 8-year high

KARACHI: Foreign direct investment (FDI) increased 4.6 per cent to $2.41 billion i

Rupee report: Rupee in search of direction

THE rupee appeared to be in search of direction last week against the dollar amid

WORLD FINANCIAL NEWS

World

Saudi economy becomes stagnant due to Mideast growth: IMF

  • 25-07-2017
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Economic growth in the Middle East and North Africa is forecast to slow considerab

Qatar stock exchange drops as Arab ultimatum deadline nears

  • 04-07-2017
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DOHA: Qatar’s stock exchange dropped on Sunday as the tiny Gulf nation braced fo

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