Latest Financial News

Women Entrepreneurs: Conference held to create awareness

  • 24-03-2017
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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) participated

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

  • 24-03-2017
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A US team of forensic investigators, who came to probe the March 2005 stock market

Stocks witness bullish trend, index gains 288 points

  • 24-03-2017
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KARACHI  -   Pakistan Stock Exchange (PSX) started the week on a positive note,

SBP chief slams Balochistn financial institutions

  • 24-03-2017
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QUETTA -  State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra on Monday c

How much is too much for the banking regulator?

  • 24-03-2017
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More than ever before, with the CPEC projects taking off, Pakistani bankers need t

Full day report: KSE-100 Index makes gains amidst lower activity

  • 24-03-2017
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The Pakistan Stock Exchange started the week on a positive note, with the benchmar

E&T dept initiates campaign against tax defaulting vehicles

  • 24-03-2017
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KARACHI : Provincial Excise and Taxation department has initiated a road checking campai

Current account deficit surges by 120pc

  • 24-03-2017
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KARACHI: Current account deficit widened by more than 120 per cent to $5.4 billion

Rupee gains against euro

  • 24-03-2017
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In the local currency market, the rupee continued to show a firm trend against the

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 […]

Late foreign buying reverses intraday losses

KARACHI: Investors watched with disbelief as red was splashed all over the electro

79 bank branches to be set up in Balochistan

QUETTA: Commercial banks would set up 79 branches across Balochistan, while a soft

Stock market rises for third consecutive day

KARACHI: The third consecutive session of a bull run propelled the KSE-100 index b

Stocks continue upward trajectory, index breaches 49,000 points

KARACHI -  Stocks continued its upward trajectory on Tuesday as the benchmark PSX

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

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

Rare first-ever banknotes of Pakistan on display in Dubai

ISLAMABAD: On the occasion of Pakistan Day on March 23, history buffs and numismat

Pak to pay ADB $7m as fines for non-usage of loans

Pakistan would pay a sum of $7 million to Asian Development Bank (ADB) as fines if

Pact with Switzerland on double taxation

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

Automakers react to SBP criticism

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

Banks closed on Thursday

KARACHI: The State Bank of Pakistan (SBP) will remain closed on March 23 on accoun

WORLD FINANCIAL NEWS

World

World stocks touch record high

  • 20-03-2017
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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
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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
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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

Banker arrested for stealing from client

  • 12-11-2016
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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
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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