Latest Financial News

Tameer rebrands itself as Telenor Microfinance Bank

  • 28-03-2017
  • 0 comments
KARACHI: Tameer Microfinance Bank has been rebranded as Telenor Microfinance Bank

SBP clarifies position on Rs500 notes

  • 28-03-2017
  • 0 comments
KARACHI: The State Bank of Pakistan (SBP) said on Monday that both Rs500 banknotes

Pakistan, IMF talks begin in Dubai today

  • 28-03-2017
  • 0 comments
ISLAMABAD - Pakistan and the International Monetary Fund (IMF) will start Article

Pakistan updates guidance for Islamic banks’ external audits

  • 28-03-2017
  • 0 comments
Pakistan's central bank has updated guidance on sharia governance for Islamic fina

Pakistan needs new crop of entrepreneurs: SBP governor

  • 28-03-2017
  • 0 comments
KARACHI: State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra has said tha

Oil, bank stocks drag index down to 48,680 points

  • 28-03-2017
  • 0 comments
KARACHI: Stocks remained under pressure throughout the trading session on Monday w

Meezan Bank, MasterCard launch Pakistan’s first contact less payment solution

  • 28-03-2017
  • 0 comments
KARACHI: Meezan Bank, the first and largest Islamic bank of Pakistan, in partnersh

ADB to provide Rs100m loan to acquire land for new ring road

  • 28-03-2017
  • 0 comments
RAWALPINDI: The Asian Development Bank has said that it was ready to provide a lo

FBR orders banks to bar transactions above Rs5.2m

  • 28-03-2017
  • 0 comments
Federal Board of Revenue (FBR) has directed banks to bar transactions which are eq

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 […]

Sima Kamil becomes first woman to lead a major Pakistani bank

United Bank Limited (UBL), one of the country's largest banks, announced Monday th

Bank deposits dip

Deposits and other accounts of all scheduled banks stood at Rs10,794.04bn after a

South Korean bank agrees to give $76m for IT park

ISLAMABAD: A loan agreement to build Pakistan’s first state-of-the-art multipurp

Pact with Switzerland on double taxation

ISLAMABAD: Pakistan and Switzerland on Tuesday signed the much-awaited revised agr

Women Entrepreneurs: Conference held to create awareness

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) participated

Automakers react to SBP criticism

KARACHI: Car assemblers have asserted their position reacting to the criticism by

SECP, brokers lock horns over ‘in-house badla’

A US team of forensic investigators, who came to probe the March 2005 stock market

Stocks witness bullish trend, index gains 288 points

KARACHI  -   Pakistan Stock Exchange (PSX) started the week on a positive note,

SBP chief slams Balochistn financial institutions

QUETTA -  State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra on Monday c

Current account deficit surges by 120pc

KARACHI: Current account deficit widened by more than 120 per cent to $5.4 billion

WORLD FINANCIAL NEWS

World

World stocks touch record high

  • 20-03-2017
  • 0 comments
NEW YORK: A global stocks index touched a fresh record high on Friday, wrapping u

World Bank scraps order for Venezuela to pay $1.4 billion

  • 13-03-2017
  • 0 comments
WASHINGTON: A World Bank panel has overturned part of a ruling ordering Venezuela

Asia

In India, a new banking system to reach the masses

GREATER NOIDA: At a furniture store outside India’s capital, a salesman scans the manager’s ID and takes her fingerprint on a biometric device attached to his cell phone. Within minutes, Meenakshi Sharma becomes eligible for an account with Paytm, joining the hundreds of thousands who have signed up to a payments banking system that is […]

India central bank relaxes cash withdrawal limit with immediate effect

When India killed the 1,000-rupee note, this start-up hustled

Banking & Financial Scams

Anti-money laundering, terror financing measures reviewed

ISLAMABAD – Finance Minister Ishaq Dar on Thursday chaired a meeting to review progress on reforms and measures against money laundering and terror financing. The director general of the FMU gave a briefing about the measures recently taken to curb money laundering and terror financing. He shared latest progress made by Pakistan in this regard […]

Brokerage fraud: Victims form body to help recover Rs5b

  • 13-02-2017
  • 0 comments
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
  • 0 comments
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
  • 0 comments
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
  • 0 comments
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
  • 0 comments
ISLAMABAD: The Federal Investigation Agency has recently arrested a senior female

Banker arrested for stealing from client

  • 12-11-2016
  • 0 comments
ISLAMABAD: The Federal Investigation Agency (FIA) has arrested a staffer of a mul

BANKING MANAGEMENT

Executive MANAGEMENT

Masood Karim appointed acting NBP President

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

Tahir Hassan assumes office as ABL CEO

  • 05-01-2017
  • 0 comments
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
  • 0 comments
Sohail Kazmi  AVP/Senior Manager Projects MCB Digital Banking successfully comple

Delayed Justice: Bank manager arrested for fraud

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

Employee

National Bank of Pakistan In Trouble

  • 08-04-2014
  • 0 comments
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
  • 0 comments
Today I would like to introduce a banker, a genius, Mirza Bilal Khalid, the o