Latest Financial News

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

  • 03-06-2019
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The Federal Board of revenue has asked banks to provide w

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

  • 03-06-2019
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ISLAMABAD: The World Bank has announced app­roval of two

Stocks stay green in short week

  • 03-06-2019
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KARACHI: The bulls took a breather in the outgoing shorte

Rupee stabilises against dollar

  • 03-06-2019
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KARACHI: Interest rate hike diverted investment from US d

Inflation likely to rise over next few years

  • 03-06-2019
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ISLAMABAD: The government is expecting the inflation rate

The Pakistan Stock Exchange hopes for a phoenix-like rise

  • 03-06-2019
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Despondency was in the air following a seven-week selling

‘All roads led to IMF’: Asad Umar, economists discuss country’s financial crisis

  • 03-06-2019
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In a panel discussion with economists on the economic fut

FBR Planning to Reduce the Number of Withholding Tax Categories by 50 Percent

  • 31-05-2019
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The FBR is viewing its options to reduce WHT by 50 percent, bring

NayaPay Becomes 1LINK’s PayPak Affiliate Member with Meezan Bank as the Settlement Bank

  • 31-05-2019
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NayaPay (Pvt.) Limited (NayaPay) has joined 1LINK (Pvt.) Limited

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 […]

Govt approves Rs20b stock market support fund

ISLAMABAD: The government approved on Thursday to utilise Rs

Bank of Punjab profit up

LAHORE: The Bank of Punjab posted 3MFY19 unconsolidated p

Reserves fall

KARACHI: Reserves held by the State Bank of Pakistan decr

Dollar falls to Rs148.70 in interbank market

The rupee gained some strength in the money market as the

Profit outflow dips 30pc in 10 months

KARACHI: Outflow of profits and dividends from the countr

Market support fund gets formal go ahead

ISLAMABAD: Accepting the demand of stockbrokers, the gove

BOP posts Rs3.57bn profit before tax

LAHORE: A meeting of The Bank of Punjab Boa

Banks assure complete cooperation to FBR

The chief finance officers (CFOs) of all commercial banks have as

SECP Introduces a Digital Transformation Project Called LEAP

The Securities and Exchange Commission of Pakistan (SECP)

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