ISLAMABAD – Moody’s Investors Service has downgraded the long-term deposit ratings link of five Pakistani banks to Caa3 from Caa1. The noted rating agency downgraded long-term foreign currency Counterparty Risk Ratings of five commercial banks including Allied Bank Limited (ABL), Habib Bank ...

National Accountability Bureau (NAB) Lahore has written a letter to the district administration to release the frozen assets of Federal Minister for Finance and Revenue Senator Ishaq Dar. A dispatch has been issued to release frozen bank accounts containing Rs 5 billion, Rs 580 million, Rs 80 ...

The State Bank of Pakistan (SBP) has imposed around Rs531 million as monetary penalty on commercial banks during the nine months (July-September) for violating various regulatory instructions. According to the central bank, the commercial banks were more non-compliant during the third quarter ...

KARACHI — The State Bank of Pakistan (SBP) has found involvement of eight Pakistani banks in an unprecedented increase in the US dollar rate in Pakistan and sent the names of these banks to the National Assembly Standing Committee for further action. Habib Bank Limited, Allied Bank Limited, ...

LAHORE: Director Federal Investigation (FIA) Lahore, Zone-1, DIG Dr Muhammad Rizwan arrested an assistant director (AD) of the anti-graft body for alleged misuse of authority. Talking to Bol News, Director FIA Lahore Rizwan on Monday confirmed that AD Rab Nawaz was allegedly misusing his ...

One hundred and sixty thousand Pakistanis from over one hundred and seventy countries have so far invested 1.25 billion dollars in Roshan Digital Accounts, reported Radio Pakistan. This was stated during a webinar arranged by Habib Bank Limited in collaboration with State Bank of Pakistan and ...

Karachi Kings’ owner Salman Iqbal, while talking to Khaleej Times, revealed that the United Arab Emirates (UAE) could be a viable option to host the remaining Habib Bank Limited (HBL) Pakistan Super League (PSL) season six matches after the tournament was postponed on Thursday due to a rise ...

Pakistani banks report strong 2020 profit growth despite pandemic and rising provisions, says Moody’s Investors Services. Moody’s in its latest report on Pakistan stated that as of 22 February, three of Pakistan’s large banks had reported their 2020 results, with MCB Bank Limited (B3 ...

LAHORE: The cybercrime rate in Pakistan was increased more than five times in the year 2020 despite technological innovation and existence of relevant laws, Pakistan Today learnt on Sunday. The lack of enforcement of laws is said to be one of the major reasons for increased cybercrime in the ...

The State Bank of Pakistan (SBP) has selected 11 commercial banks in its FX Portal to provide end-to-end digitalization of the Foreign Exchange requests. Accordingly, the customers of these banks can submit their cases digitally from their places of work. The names of the banks are: 1. ...