Latest Financial News

Rupee weakens against dollar

  • 19-06-2019
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KARACHI: The rupee weakened against the dollar at Rs156.8/15

PM’s tax amnesty scheme fails to attract people

  • 19-06-2019
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ISLAMABAD: Less than 250 Pakistanis have so far availed the

Stocks lose 487 points over delay in support funds

  • 19-06-2019
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KARACHI: Stocks re­­mained on the slippery slope for th

Pakistan, World Bank sign loan agreement worth $918 million

  • 19-06-2019
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Adviser to the Prime Minister on Finance, Revenue and Economic Af

SECP Proposes Mandatory Health Insurance for Private Sector Employees

  • 18-06-2019
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Securities and Exchange Commission of Pakistan has recommended th

Rupee falls, hits 157 in inter-bank trade

  • 18-06-2019
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KARACHI: The Pakistani currency maintained its downturn

Rupee continues to lose as it drops for 7th successive session

  • 18-06-2019
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KARACHI: The Pakistani currency maintained downturn for

Pakistan fulfills all IMF commitments: SBP chief

  • 18-06-2019
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KARACHI: State Bank of Pakistan Governor Reza Baqir on Monda

Stocks lose 404 points after four-day rally

  • 18-06-2019
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KARACHI: The stock market snapped the four-session gainin

ECC set to approve two support funds for PSX

KARACHI: The Economic Coordination Committee (ECC) of the cabinet is all set to approve two stock market support funds worth around Rs25-30 billion to stabilise the Pakistan Stock Exchange (PSX) on Thursday. “ECC will consider approving the market support fund(s) on Thursday (May 30),” an official of the Securities and Exchange Commission of Pakistan (SECP) confirmed […]

Pakistan Stock Exchange CEO Richard Morin resigns

Pakistan Stock Exchange (PSX) chief executive officer Richard Morin on Tuesday resigned from his post. A notification of his resignation was shared on the PSX website. According to The Banker Pakistan, an emergency meeting of the PSX Board of Directors (BoD) was held today during which Morin submitted his resignation. It was approved by the board. […]

After FATF, APG may also grey-list Pakistan

ISLAMABAD: As the Asia/Pacific Group (APG) on Money Laundering begins ‘mutual evaluation’ to gauge Pakistan’s compliance with global anti-money laundering and counter-terrorism financing standards, the country faces the risk of being grey-listed by the APG due to a very high ratio of nearly 70% non-compliance. The Financial Action Task Force (FATF) has already grey-listed Pakistan […]

Pakistan, World Bank sign loan agreement worth $918 million

Adviser to the Prime Minister on Finance, Revenue and Eco

Market support fund gets formal go ahead

ISLAMABAD: Accepting the demand of stockbrokers, the gove

Banks Agree to Provide Customers’ Withholding Data to FBR to Catch Non-Filers

The Federal Board of revenue has asked banks to provide w

World Bank to provide $465m for education, power projects

ISLAMABAD: The World Bank has announced app­roval of two

Stocks stay green in short week

KARACHI: The bulls took a breather in the outgoing shorte

Rupee stabilises against dollar

KARACHI: Interest rate hike diverted investment from US d

Inflation likely to rise over next few years

ISLAMABAD: The government is expecting the inflation rate

The Pakistan Stock Exchange hopes for a phoenix-like rise

Despondency was in the air following a seven-week selling

WORLD FINANCIAL NEWS

Asia

Mahathir proposes common Asia trading currency

TOKYO: East Asia should consider a common regional trading currency based on gold to promote commerce, and free the region from relying on dollar transactions, Malaysia’s Prime Minister Mohamad Mahathir said on Thursday. Mahathir said the proposed currency could be used for regional trade, but would not replace national currencies for use at the domestic […]

Afghanistan Central Bank Disapproves Acquisition of Bank Alfalah Operations

Indian stocks hit record highs on Modi polls lead

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

Dr Raza Baqir appointed State Bank governor

  • 27-05-2019
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ISLAMABAD: Dr Raza Baqir has been appointed new governor of the State Bank of Pakistan (SB

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

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