Pakistan News

    Hbl Rehmanabad Branch Rawalpindi Phone Number

  • HBL to close New York branch as US authorities seek to impose $630 million penalty

    The bank has decided to contest in US courts the notice sent by New York State Department of Financial Services (DFS) about the imposition of a civil monetary penalty amounting to $629,625,000, read a letter filed by HBL to Pakistan Stock Exchange, a copy of which is available with Dawn...

    The case stems from 2015, when US authorities moved against the bank after finding deficiencies in the risk management and Bank Secrecy...

  • US Fed slaps partial ban; HBL says its NY branch operational

    The HBL said in a press release, “The orders limit the branch’s growth of its US dollar-clearing business, but the branch is allowed to continue to conduct its current dollar-clearing business...

    Reuters cited the Fed’s recent assessment: “HBL’s risk management had broken down, as well as its compliance with laws such as the Bank Secrecy Act and regulations issued by the US Treasury Department”...

  • HBL to become first South Asian lender to open branch in China

    KARACHI: Habib Bank Limited is set to become the first South Asian lender to operate in the world's number two economy, after the bank announced on Monday that it has received a licence to open a branch in China...

    More commonly known by its acronym 'HBL', the bank said it would open a branch in Urumqi, the largest city in the province of Xinjiang, which lies along the traditional Silk Route and borders Pakistan...

  • NAB transfers Rawalpindi branch’s head

    ISLAMABAD: In a surprise move, the National Accountability Bureau (NAB) transferred on Thursday its director general for Rawalpindi region, Zahir Shah, and appointed him director general operations...

    The post of director general for Rawalpindi is now lying vacant as a decision to fill it has not been made so far...

  • Number of mobile phone users to surpass 5bn this year

    BARCELONA: The number of mobile phone users globally will surpass five billion by the middle of this year, according to a study released on Monday by GSMA, the association of mobile operators...

    With populations in Asia, and notably India, on the rise, the number, which stood at 4...

  • Special Branch suggests talks with protesters

    The Special Branch briefed senior police and administration officers at a meeting about the situation...

    According to information collected by the Special Branch, some of the protesters were armed with weapons and had the tactical advantage as they had occupied rooftops and bridges around Faizabad...

  • Special Branch wants terror suspects placed on fourth schedule

    RAWALPINDI: The Special Branch has asked the Punjab Home Department to place the names of 22 individuals who were accused of terrorism-related crimes and released from prison, on schedule four of the Anti-Terrorism Act (ATA)...

    The 22 men were initially arrested on terrorism-related charges from the Rawalpindi division, but 11 were acquitted by the courts, 10 have been released on bail, while one has completed his sentence...

  • Court decision clouds NBP’s plan to open China branch

    ISLAMABAD: The opening of a branch by National Bank of Pakistan (NBP) in China has run into snags due to a recent decision by the apex court, which requires one-time capital adjustment of Rs47...

    NBP President Saeed Ahmad told the Senate Standing Committee on Finance on Wednesday that the bank is all set to open its branch in China next year after getting licences from the regulator concerned...

  • Bank of China to open branch in Gwadar soon

    GWADAR: The Bank of China, along with other national and international banks, plans to open a branch in Gwadar, said Gwadar Port Authority Chairman Dostain Khan Jamaldini in a meeting with the president of the Summit Bank, Zaheer Esmail, here on Thursday...

    Mr Jamaldini claimed that with the Gwadar Deep Seaport becoming operational, several of the country’s commercial banks were interested in opening branches in the port city and the...

  • Bank of China to open first branch in Pakistan

    Bank of China (BoC) will be setting up its first branch in Pakistan as it has received its banking license from the State Bank of Pakistan (SBP)...

    Finance Minister Ishaq Dar met with Bank of China Chairman Tian Guo Li in Beijing, where the latter was invited to visit Pakistan to inaugurate bank's first branch in Pakistan, expected to be set up in Karachi...

  • Protesting villagers reject fresh olive branch offered to agree on Gorano reservoir

    MITHI: Residents of Gorano and about a dozen other Thar villages protesting against the construction of a reservoir meant for temporarily storing mine effluent have rejected the fresh move to conduct a survey of the site and an offer to pay compensation to the people who had not been paid due compensation for their lands earlier...

    The reservoir — to be spread over an area of 1,500 acres — had become controversial ever since the...
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