Pakistan News

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  • Mahesh Bhatt's Hamari Adhuri Kahani to be staged in Karachi

    The play, which is scheduled to open in Delhi on August 1st, will soon travel to Karachi, revealed Mahesh Bhatt in a tweet:The story, adapted from Mahesh Bhatt and Suhrita Sengupta's novel All That Could Have Been, follows the tragic love story of rich hotelier Aarav (played by Emraan Hashmi in the film) and florist Vasudha (Vidya Balan) whose romance is cut short by the return of the latter's husband after a long mysterious disappearance... ...

  • President Alvi attends inauguration ceremony of Istanbul Grand International Airport

    President Arif Alvi attended the inauguration ceremony of Istanbul Grand International Airport on Monday while on a three-day visit to Turkey at the invitation of President Recep Tayyip Erdogan...

    President Erdogan, while opening the airport ? which his government says will eventually become the largest in the world ? with great fanfare, said it would be "the pride of our country and an example to the world...

  • 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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