Pakistan News

    00438 National Bank Of Pakistan Karachi

  • Bahrain's Bank Alkhair gets nod to sell stake in Pakistan's Burj Bank

    Bahrain-based Bank Alkhair said on Wednesday it had received approval from the State Bank of Pakistan to sell its stake in Pakistan's Burj Bank to a subsidiary of Bahrain's Al Baraka Banking Group...

    Al Baraka, one of the Gulf's top Islamic banks, had said in September that its Pakistani unit, Al Baraka Pakistan, would merge with Burj Bank to create an institution with assets totalling more than $1
  • National Bank down Wapda 3-1 to retain junior hockey title

    KARACHI: The second string of the National Bank of Pakistan (NBP) on Friday proved that they are a force to be reckoned with when they thumped Water And Power Development Authority (Wapda) 3-1 in a repeat final to retain their title in the 34th National Junior (under-20) Hockey Championship at the Hockey Club of Pakistan Stadium on Friday...

    It is pertinent to mention that the bankers had carved out 2-1 victory over the then defending...
  • EOBI to disburse pension through National Bank

    KARACHI: The Emp­loyees Old-Age Benefit Insti­tution (EOBI) has decided to transfer the private sector employees’ pension from Easypaisa to National Bank of Pakistan (NBP)...

    EOBI has advised all the pensioners to approach the nearest branch of NBP along with their pension book and National Identity Card
  • Rahu alleges Sindh Bank being used to plunder national wealth

    BADIN: President of the Sindh chapter of the Pakistan Muslim League-Nawaz (PML-N) Ismail Rahu on Tuesday alleged that the Sindh Bank had been established and operated to plunder the national exchequer through a few people sitting within the provincial government...

    He was responding to the media’s questions regarding the ongoing investigation into alleged misappropriation of Rs700-750 million recently drawn from the bank by managers of...
  • Bank Alfalah declared best bank for 2017

    KARACHI: Bank Alfalah received the Best Bank Award for 2017 for demonstrating “the most significant contribution to national development and the most effective management of its resources, including its employees, clients, franchise community and financials”...

    It received the honour at the second Pakistan Banking Awards, which were jointly organised by the Institute of Bankers, A
  • Summit Bank eyes Burj Bank for Islamic banking entry

    KARACHI: Summit Bank has received approval from the State Bank of Pakistan (SBP) to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale...

    The acquisition of a majority shareholding in Burj Bank would fit the long term strategy of Summit Bank, which is planning to convert its operations to conform to Islamic principles...
  • Withholding tax slows down bank deposit growth: State Bank

    KARACHI: Withholding tax (WHT) on financial transactions is acting against the goal of achieving financial depth, a State Bank of Pakistan’s (SBP) report said on Friday, highlighting that for the first time since 2009-10 the monetary expansion came more from currency in circulation than the bank deposit growth...

    The tax has also been bitterly criticised by the business community which not only has campaigned against it but has also...
  • 100m Pakistanis without a bank account, says World Bank

    ISLAMABAD: Pakistan is home to 100 million adults without a bank account, with 13 per cent adults citing religious concerns as a reason for not having account at a financial institution, a World Bank report on the use of financial services revealed...

    The ‘Global Findex Database’ said high costs turned out to be at least as important as religious concerns in each of the economies — cited by 21pc in Pakistan and 19pc in Turkey
  • Karachi costliest, Lahore cheapest city: State Bank of Pakistan

    KARACHI: Dispelling the impression that Islamabad is Pakistan’s costliest city, Karachi has emerged as the most expensive metropolis in the country while Lahore is the least expensive...

    According to State Bank’s Inflation Monitor, June 2016, inflation in Karachi – once known as a poor man’s city – has been at its highest level during the year, leaving the capital city of Islamabad way behind
  • Karachi, Lahore set to take on Islamabad, Peshawar in national finals

    KARACHI: The much awaited Qualifiers Round of Lahore and Karachi came to an end on April 15th when ‘Athletico Dejiwani’ from Karachi and ‘Fantastic 5’ from Lahore secured a place for their respective cities for April 23rd the day when winning teams from four cities — Karachi, Lahore, Islamabad and Peshawar - will compete to win ‘Neymar Jr’s Five Pakistan Champion 2017’ title...

    It is important to note here that the team that wins the...
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