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The reserves of the State Bank became 8 billion 6 thousand dollars

BUSINESSUpdated:May 2, 2024ShareTwitter FacebookEmailLink

" Reserves of State Bank of Pakistan increased to 8 billion 6 thousand dollars. In the statement issued by the State Bank, it is said that the deposits of the State Bank increased to 8 billion 6 thousand dollars, while the deposits of other banks increased by 1 million 10 million dollars and the deposits…

Cases filed against Canadian bank fraudsters, mostly Pakistanis

Cases filed against Canadian bank fraudsters, mostly Pakistanis

INTERNATIONALUpdated:May 2, 2024ShareTwitter FacebookEmailLink

" Police in Toronto, Canada have registered cases against 12 people for opening accounts on fake documents in Canadian banks. Introducing new technology for type one diabetes patients According to the Canadian police, the accused include Hamza Baig, Hasnain Akram, Zal Ali Chaudhry, Rashid Iqbal, Rana Faisal Masood Khan, Anmol Khurana, Fahad bin Mufeez, Usman…

Bank of Japan's hawkish whispers drowned out by rowdy yen selloff

Bank of Japan’s hawkish whispers drowned out by rowdy yen selloff

BREAKING NEWSUpdated:May 2, 2024ShareTwitter FacebookEmailLink

" Bank of Japan's hawkish whispers drowned out by rowdy yen selloff - Daily Times …

Currency

Accused of depositing fake currency worth more than 5.5 crore rupees arrested in Peshawar

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" In Peshawar, the forger defrauded the bank officials. Allegedly, the accused deposited fake currency worth more than 5.5 crore rupees in the bank. According to sources, the Federal Investigation Agency (FIA) Lahore arrested Haroon, a resident of Peshawar, on the charge of forgery. Accused Haroon had deposited Rs 5 crore 82 lakh…

State Bank to remain closed today

State Bank to remain closed today

BREAKING NEWSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" The State Bank of Pakistan will be closed on May 1, tomorrow, due to a public holiday on the occasion of Labour Day. According to a press release issued by the State Bank, the SBP will remain closed on May 1 (Wednesday) on the occasion of Labour Day due to a public holiday as…

HBL to inject up to Rs6bn equity in its microfinance bank

HBL to inject up to Rs6bn equity in its microfinance bank

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" HBL to inject up to Rs6bn equity in its microfinance bank - Daily Times …

stock image

FIA arrests female suspect in bank account fraud

BREAKING NEWSUpdated:April 27, 2024ShareTwitter FacebookEmailLink

" RAWALPINDI: In a significant breakthrough, the Federal Investigation Agency (FIA) arrested a female member of a gang involved in online fraud, targeting citizens' bank accounts. The gang members defrauded numerous individuals of substantial amounts. According to FIA officials, the gang came up with the scheme by exploiting vulnerabilities in online banking systems, facilitating unauthorised transfers…

the world bank photo file

World Bank criticises subsidies

BUSINESSUpdated:April 25, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: World Bank Chief Economist and acting Country Head for Pakistan Tobias Haque has denounced the provision of regressive subsidies in energy, fertiliser and gas sectors and said the fiscal cost of state-owned enterprises is contributing to fiscal pressures in Pakistan. While discussing the economic challenges and growth opportunities at a session jointly organised…

World Bank projects Pakistan’s GDP growth at 1.8pc in FY24

” World Bank projects Pakistan’s GDP growth at 1.8pc in FY24 ” | Current Pulse | Business

BUSINESSUpdated:April 3, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: The World Bank on Tuesday said that Pakistan’s economy is expected to grow by only 1.8 percent in the current fiscal year ending June 2024, ARY News reported. According to the World Bank’s latest Pakistan Development Update titled Fiscal Impact of Federal State-Owned Enterprises, this subdued recovery reflects tight monetary and fiscal policy,…

muhammad aurangzeb is a seasoned banker with more than 35 years of diverse experience at leading global banks in pakistan and overseas photo finance ministry

” Aurangzeb, World Bank discuss growth ” | Current Pulse | Breaking News

BREAKING NEWSUpdated:April 2, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: The Minister for Finance and Revenue, Muhammad Aurangzeb, met with Country Director of the World Bank Najy Benhassine, and Country Manager of the International Finance Corporation (IFC) Zeeshan Ahmed Sheikh to discuss collaborative development strategies and initiatives aimed at promoting economic growth, enhancing financial stability, and fostering sustainable development within the country. Read …

Bandits fired at those leaving the bank in Gulshan Mimar, one person was killed

” Bandits fired at those leaving the bank in Gulshan Mimar, one person was killed ” | Current Pulse | Breaking News

BREAKING NEWSUpdated:April 1, 2024ShareTwitter FacebookEmailLink

" Bandits fired at those leaving the bank in Gulshan Mimar, one person was killed - Daily Times …

” Israel seized 27,000 decares of West Bank land since Oct 7 ” | Current Pulse | Breaking News

BREAKING NEWSUpdated:March 30, 2024ShareTwitter FacebookEmailLink

" RAMALLAH: Israel has illegally confiscated about 27,000 decares of land in the occupied West Bank and forced 25 Palestinian communities to leave since the start of the war on Gaza last Oct. 7, continuing its decades-long land grab, a Palestinian government body said on Saturday. “The occupation state makes use of its fierce hostility towards…

the government has mandated the task force to review the fbr s tax collection data its performance indicators and reporting mechanisms and identify the areas of revenue performance and potential photo file

” FBR attaches CAA bank accounts to recover taxes ” | Current Pulse | Business

BUSINESSUpdated:March 30, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: The Federal Board of Revenue (FBR) has attached bank accounts of Pakistan Civil Aviation Authority (CAA) to recover taxes worth Rs13 billion, in a move that pushed it closer to the nine-month revenue target of Rs6.7 trillion. Till the last official working day, the FBR collected Rs6.67 trillion, remaining short of the nine-month…

Gun attack on school bus in West Bank wounds 3

” Gun attack on school bus in West Bank wounds 3 ” | Current Pulse | International

INTERNATIONALUpdated:March 28, 2024ShareTwitter FacebookEmailLink

" OCCUPIED WEST BANK: Medics and the army said three people including a boy were wounded in a gun attack Thursday that targeted a school bus near the city of Jericho in the Israeli-occupied West Bank. After reports that a gunman fired toward “a number of vehicles”, soldiers were sent to the scene near the…

the world bank photo file

” World Bank releases first tranche of loan for PMD upgrade ” | Current Pulse | Breaking News

BREAKING NEWSUpdated:March 28, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: The World Bank has released the first tranche of its $50 million loan for the restructuring and upgradation of the Pakistan Meteorological Department (PMD) aimed at enabling the department to cater to the training needs of its counterparts in the region. The project titled ‘Modernization of Hydromet Services of PMD in Pakistan’ will use…

Mobilink Bank launches 'Center of Excellence for Women' at Arid University

” Mobilink Bank launches ‘Center of Excellence for Women’ at Arid University ” | Current Pulse | Pakistan

PAKISTANUpdated:March 28, 2024ShareTwitter FacebookEmailLink

" Mobilink Bank launches 'Center of Excellence for Women' at Arid University - Daily Times …

photo file

” Stocks rebound on World Bank loan approval ” | Current Pulse | Business

BUSINESSUpdated:March 26, 2024ShareTwitter FacebookEmailLink

" KARACHI: Pakistan Stock Exchange (PSX) on Monday experienced a significant recovery, driven by the World Bank’s approval of $150 million project financing and completion of final review under the International Monetary Fund’s (IMF) $3 billion standby arrangement (SBA). In the morning, the market saw a lacklustre start with the KSE-100 index touching the intra-day…

” World Bank okays nearly $150m loan ” | Current Pulse | Business

BUSINESSUpdated:March 24, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: The World Bank has approved nearly $150 million in loans for two projects, including $72 million in additional funding for a scheme plagued by delays and loan cancellations. The Board of Directors of the World Bank approved the Digital Economy Enhancement Project costing $78 million amid a ban on the use of X…

” World Bank okays $149.7m in financing for two projects in Pakistan ” | Current Pulse | Business

BUSINESSUpdated:March 23, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: The World Bank has approved $149.7 million in financing for Pakistan to support two projects, the Digital Economy Enhancement Project ($78 million) and Sindh Barrages Improvement Project ($71.7 million). According to a statement, the Digital Economy Enhancement Project ($78 million) will support the expansion of digitally enabled public services delivery for citizens and…

” Israel approves new parcel of West Bank land for settlement ” | Current Pulse | International

INTERNATIONALUpdated:March 23, 2024ShareTwitter FacebookEmailLink

" JERUSALEM: Israeli Finance Minister Bezalel Smotrich on Friday declared 800 hectares in the occupied West Bank as state land, in a move that will facilitate the use of the ground for settlement building. The announcement, on the day US Secretary of State Antony Blinken visited Israel for talks with Prime Minister Benjamin Netanyahu, underlined the government's…

” Pakistan, Islamic development bank ink $200m financing agreement ” | Current Pulse | Breaking News

BREAKING NEWSUpdated:March 23, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: Pakistan and the Islamic Development Bank (IsDB) on Friday singed a financing agreement worth $200 million for Sindh Flood Emergency Housing Reconstruction Project, ARY News reported. The signing of agreement came as a delegation from the Islamic Development Bank led by Director, IsDB Regional Hub Türkiye Dr Walid Abdelwahab is currently on a…

Swiss central bank cuts rate in first among developed economies

” Swiss central bank cuts rate in first among developed economies ” | Current Pulse | Business

BUSINESSUpdated:March 21, 2024ShareTwitter FacebookEmailLink

" ZURICH: The Swiss National Bank on Thursday cut interest rates for the first time since June 2022 — the first to do so among the major central banks, saying the battle against inflation was working. The SNB eased its monetary policy and cut its rate by 0.25 percentage points to 1.5 percent, effective from…

design mohsin alam

” Banks achieve 86% growth in profits ” | Current Pulse | Business

BUSINESSUpdated:March 13, 2024ShareTwitter FacebookEmailLink

" KARACHI: Pakistan’s banks listed on the stock market have reported an outstanding growth of 86% in their net profit in the year ended December 2023, boosting total earnings to a record high of Rs572 billion amid a higher interest rate season in the country. The banks have managed to achieve a record high profit…

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