Pakistan News

    Andhra Bank Ameerpet Hyderabad Ifsc Code

  • Five, including Karnataka MLA, die in Andhra Pradesh train accident

    A Member of India's Legislative Assembly (MLA) Venkatesh Nayak and four others were killed on Monday morning when an express train and a granite-laden truck collided at a level crossing in Andhra Pradesh state's Anantapur area, said a report published on Hindustan Times...

    At least 25 people are reported to have been injured in this second fatal railway accident this month, which took place in Madakasira — more than 450km from...

  • Hopes on hold for model Andhra capital

    A staggering $15 billion is needed to transform Amaravati from a few shiny buildings, villages and thousands of acres of agricultural land into the envisioned capital of Andhra Pradesh, one of India’s largest states...

    Andhra once had another capital — the booming tech and business powerhouse of Hyderabad, which pulses with IT know-how and a startup culture...

  • FIRs lodged against schools, bank for defying security code

    KARAK: Police registered FIRs against four private schools and a commercial bank for not following the directions of government regarding security measures of the institutions...

    Police also registered an FIR against the manager of Habib Bank of Palso Sar branch in Sabirabad police station for not taking proper security measures...

  • 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”...

    United Bank received the same award last year...

  • India central bank says linking national ID number to bank accounts mandatory

    MUMBAI: India’s central bank on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhar numbers, to bank accounts...

    “The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017,” it said in a statement...

  • 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 campaign could not sustain despite the fact that the business community, particularly retailers and medium-sized...

  • 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...

  • ECP issues notice to Imran, Fazl for violation of code of conduct

    ISLAMABAD: The Election Commission of Pakistan (ECP) has issued notices to Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan and Jamiat Ulema-i-Islam-Fazl (JUI-F) chief Maulana Fazlur Rahman for violation of the code of conduct ahead of by-elections in PK-8 (Peshawar)...

    After receiving reports about the two party chiefs’ visit to the constituency, warnings were issued reminding them of blatant violation of the code of conduct...

  • Strict code of conduct for SECP employees

    ISLAMABAD: Under a strict code of conduct introduced on Tuesday, all the serving and retired senior officers of the Securities and Exchange Commission of Pakistan (SECP) have been barred not only from politics but also befriending any stakeholder...

    The SECP Policy Board approved the code of conduct for the employees that was put it into effect immediately...

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