Pakistan News

    Kotak Mahindra Bank Hyderabad Ifsc Code

  • Ford to tie up with India's Mahindra, eyes access to huge market

    Ford Motor and India's Mahindra Group have announced they will work together in a fresh partnership as the US giant looks to boost its presence in one of the world's fastest growing auto markets...

    Mahindra is the only Indian automaker that makes electric cars, and at a fraction of the cost of global brands such as Tesla and an agreement would give Ford access to the cheap technology...

  • Airbus and Mahindra to make military choppers in India

    NEW DELHI: European aerospace giant Airbus and India's Mahindra group have inked a deal to jointly build helicopters as the Indian government moves to upgrade the country's ageing military hardware, the companies said...

    The Airbus-Mahindra joint venture will place bids for reconnaissance and surveillance choppers, naval utility and naval multirole helicopters...

  • 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...

  • SECP notifies draft code of corporate governance

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the draft Listed Companies (Code of Corporate Governance) 2017, under the newly promulgated Companies Act 2017...

    Moreover, the requirement of minimum number of directors obtaining training, as in the code, has been accelerated to be 100 per cent by 2020...

  • NA-120: ECP warns PML-N leader of disqualification over code of conduct violation

    The Election Commission of Pakistan (ECP) warned Punjab Food Minister Bilal Yasin on Tuesday that it would issue a show-cause notice for the latter's disqualification if he is found violating the ECP's code of conduct while campaigning for PML-N candidate Kulsoom Nawaz for the NA-120 by-election...

    Headed by Chief Election Commissioner (CEC) retired Justice Sardar Muhammad Raza, a two-member ECP bench had taken up the complaint filed...

  • More
Back to top