Pakistan News

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  • Weeklong cultural festival underway in Nagar

    GILGIT: The weeklong Nagar cultural festival is underway at the famous tourist point of Hoper valley with a view to revive cultural heritage of the district and boost tourism...

    He said Hoper-Nagar was considered the best place for trekking and hiking...

  • Preet Nagar

    However, not many people know about the existence of Preet Nagar (now in India), a community that was set up midway between Lahore and Amritsar in 1938 by Gurbakhsh Singh, a resident of Model Town, Lahore...

    Thus in 1938, Preet Nagar — Village of Love — came into being...

  • Hunza Nagar to export 28 tons of dried apricot to Japan

    ISLAMABAD: By the end of the year Hunza Nagar, also known as “Pakistan’s organic village”, plans to export around 28 tons of dried apricot to Japan...

    The four-year project largely focuses on the apple- and apricot-producing districts of Hunza Nagar and Baltistan where farmers have been facing difficulties in collecting, processing, grading and marketing agricultural produce...

  • 20 years after Shanti Nagar

    KHANEWAL: It's a day of thanksgiving in Shanti Nagar, a village 10km southeast of Khanewal city...

    ”The total number of churches burned in Shanti Nagar alone — 13; number of schools and colleges burned — 3; the number of houses burned — 775; and shops burned down in Civil Lines, Khanewal — 10...

  • New infection cases declining in Nagar

    GILGIT: Commander FCNA Maj-Gen Ehsan Mehmood Khan along with Gilgit-Baltistan chief secretary, top civil and military officials visited the Nagar district to review Covid-19 situation...

    Nagar deputy commissioner Mohammad Shahrukh Cheema briefed the delegation about the ongoing efforts to contain Covid-19 in the district...

  • PTI admits defeat in Nagar by-poll

    GILGIT: The ruling Pakistan Tehreek-i-Insaf on Monday admitted its candidate’s defeat in the Nagar by-election on Sunday, and said the polling was held in a transparent, free, fair and peaceful manner...

    Finance minister Javed Ali Manwa said GB government fulfilled its promise to conduct the by-election in Nagar in a transparent way...

  • 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...

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