Pakistan News

    Bank Alfalah Rehmanabad Rawalpindi Board

  • 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...

  • Bank Alfalah, CLSA in partnership

    KARACHI: Bank Alfalah Ltd (BAFL) on Monday announced that it is entering into a strategic partnership with CLSA, a Hong Kong-based investment group, in BAFL-owned Alfalah Securities Ltd on Aug 30...

    In all countries we have in excess of 10 per cent market share of foreign business and as much as 35pc in some countries,” said the statement posted on the website of the investment bank...

  • Bank Alfalah’s facility for Ehsaas cash delivery

    KARACHI: Bank Alfalah has said that its designated facilities will remain open on Saturdays and Sundays for disbursements under the Prime Minister’s Ehsaas Emergency Cash Programme...

    In a press release, Bank Alfalah has said it is proud to be one of the two exclusive partners for delivery of cash under the Ehsaas programme...

  • IS graffiti found on State Bank wall in Rawalpindi

    RAWALPINDI:  The police have launched an investigation and registered a case against unidentified persons after noticing the name of the so-called Islamic State (IS) written in chalk on the rear wall of the State Bank of Pakistan’s building in Saddar on Thursday...

    The wall chalking in the high security area in Rawalpindi alerted the police and intelligence agencies who removed it and started looking for those responsible after...

  • Bank robbed in broad daylight in Rawalpindi

    RAWALPINDI: A gang stormed a private commercial bank on Peshwar Road in broad daylight on Monday, injuring the security guards on duty and keeping the staff at the bank hostage before escaping with Rs5...

    The manager at the bank, Zulfiqar Kiani, told the police that he was busy attending customers at the bank when a car stopped outside the door and three men disembarked...

  • 32 bank accounts compromised in Rawalpindi ATM skimming incident

    Hundreds of thousands of rupees have been skimmed out of 32 accounts of a private bank located in the Saddar area of Rawalpindi, indicating the presence of ATM hackers in the twin cities including Islamabad, DawnNews reported on Wednesday...

    Reports of unauthorised withdrawals have caused a panic among account holders, whereas the bank's staff seem helpless in the face of the security breach, simply promising those affected that their...

  • Sindh Bank’s board comprises mainly private individuals, PA told

    KARACHI: Though Sindh Bank is owned by the Sindh government, only one of its board members is a government employee while the rest, nominated by the government / chief minister, are private persons — bankers and professionals –said Sindh Finance Minister Murad Ali Shah on Monday...

    Responding to questions asked by Muttahida Qaumi Movement (MQM) legislator Sardar Ahmed and Pakistan Tehreek-i-Insaf (PTI) legislator Khurram Sherzaman...

  • 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...

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