Pakistan News

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  • Usman-inspired NBP qualify for last eight

    KARACHI: Young Usman Qadir guided National Bank of Pakistan (NBP) into the quarter-finals of fourth Naya Nazimabad Ramazan Cup with a six-wicket defeat of Atiq Estates at the Lawai Cricket Stadium late on Sunday night...

    Summarised scores:ATIQ ESTATES 116-7 in overs (Ramiz Aziz 37, Ammad Butt 33; Usman Qadir 2-1, Mohammad Afaq 2-16); NBP 120-6 in 17...

  • Hammad-inspired UBL outgun NBP in three days

    KARACHI: Discarded Pakistan all-rounder Hammad Azam grabbed a nine-wicket haul as United Bank Limited (UBL) completed a 67-run victory against National Bank of Pakistan (NBP) on the penultimate day of their Group-II Super Eight fixture of the Quaid-i-Azam Trophy National Cricket Championship here on Wednesday...

    That left NBP needing 224...

  • KE, PIA start with wins as HEC stun NBP

    And they did no harm to their chances at the Faisal Town Football Ground in Lahore as first half goals from Mohammad Rasool (22nd minute) and captain Mohammad Essa (45th) put them in cruise control of their Group ‘D’ opener...

    Both matches of Group ‘A’ were played on Wednesday with Pakistan International Airlines (PIA) edging past Saif Textiles 1-0 but the major upset of the day came when second-division Higher Education Commission...

  • NBP president, Javed Kayani record statements before NAB in Sharif, Dar references

    National Bank of Pakistan (NBP) President Saeed Ahmed and Javed Kayani, a friend of Nawaz Sharif, appeared before a National Accountability Bureau (NAB) investigation team in Lahore on Monday to record their statements in the ongoing references against Ishaq Dar's assets and the Sharifs' Avenfield properties in London, DawnNews reported...

    A team headed by DG NAB Lahore is carrying out the investigation, the sources said...

  • Sindh lodges FIR against NBP for ‘illegal’ transfer of funds

    The FIR (272/2017) was lodged with the Mithadar Police against the divisional head of the Karachi NBP on a complaint of a senior official of the Sindh Excise and Taxation Department under Sections 409 (criminal breach of trust by public servant, or by banker, merchant or agent) and 420 (cheating and dishonestly inducing delivery of property) of the Pakistan Penal Code...

  • Former NBP president arrested on corruption charges involving bank's Bangladesh branch

    The National Accountability Bureau (NAB) on Friday arrested former National Bank of Pakistan (NBP) president Syed Ali Raza on charges of corruption after the Sindh High Court turned down Raza's bail request...

    The National Accountability Bureau (NAB) had filed a reference against the former NBP chief and other officials for allegedly misusing their authority by granting and revising financing facilities in the NBP Bangladesh branch...

  • 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...

  • Apex court’s ruling in favour of pensioners to cost NBP Rs48bn

    KARACHI: A decision by the Supreme Court in favour of the pensioners of National Bank of Pakistan (NBP) on Monday will cost the bank approximately Rs47...

    NBP said in a stock notice the Supreme Court dismissed its multiple civil appeals in pension-related cases filed by some of its retired employees and maintained the judgment of the Lahore High Court...

  • SC restores NBP pensions to 70pc mark

    ISLAMABAD: The Supreme Court has ordered that retired employees of the state-owned National Bank of Pakistan (NBP) will continue to get pension benefits calculated at 70pc, rather than the reduced rate of 33pc, because pension is a recurring right...

    A three-judge bench, headed by Justice Ejaz Afzal Khan, decided in favour of the pensioners by upholding the Jan 16 verdict of the Lahore High Court (LHC), which had ordered the bank...

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