Pakistan News

    Olx Bank Leased Cars For Sale In Islamabad

  • KDA leased out plazas at throwaway prices, PA told

    Chair refers matter to relevant house panel for probeThe session was chaired by Deputy Speaker Prof Mehar Taj Roghani...

    Two plazas have been leased out to Haji Mohammad Shaheen in Sector C-1/IX each for Rs1 million and another in the same sector to Ahmad Khan for Rs1...

  • PIA to return Airbus 330 leased from SriLankan Airlines

    Pakistan International Airlines (PIA) is likely to return its London-bound premier service Airbus 330 aircraft, which was wet leased from SriLankan Airlines, having already paid $19 million for it...

    PIA had been allegedly paying $8,000 per flying hour for six months as part of the wet lease, it has been learnt...

  • CDA doesn’t know who it leased prime land to a decade ago

    ISLAMABAD: The Capital Development Authority (CDA), 10 years ago, had leased out about 40 kanals of prime commercial land worth billions of rupees to a ‘phony’ company which has since gone into litigation and still remains ‘unknown’ to the city managers...

    An ‘unknown’ functionary of the company had signed the agreement for 40 kanals near Rawal Lake of which there is no original recordThe land in the Rawal Lake Amusement Park was...

  • Temporary ban on sale of luxury diesel cars

    ABOUT five years ago, when then-environment minister Jairam Ramesh described the growing tendency of affluent Indians to drive SUVs and luxury cars that guzzled diesel (a fuel that was heavily subsidised by the government) as ‘criminal,’ he was widely criticised by the automobile industry, and even the United Progressive Alliance government did not take him seriously...

    Last week, taking into consideration the seriousness of air...

  • HBL’s stake sale proceeds shown as profit of State Bank

    KARACHI: The government seemed to have resorted to creative accounting as it kept Habib Bank’s (HBL) privatisation proceeds in the profits of the State Bank of Pakistan (SBP) under the head of non-tax revenue collection...

    During a press briefing on Saturday, SBP Governor Ashraf Mahmood Wathra confirmed that the sale of “the remaining shares of the HBL was kept in the books of the State Bank”...

  • Sale of CNG in Islamabad prohibited for 10 hours a day

    ISLAMABAD: The sale of CNG as fuel has been prohibited for 10 hours a day from Thursday onwards due to the disruption in the supply of gas and to facilitate domestic consumers...

    The Islamabad deputy commissioner therefore put a restriction on the over 80 CNG stations in the city regarding the sall of CNG as fuel for the next two months...

  • Sale, purchase of animals in sectors on Islamabad banned

    ISLAMABAD: The capital administration has imposed a ban on selling, purchasing and movement of sacrificial animals in sectors, sources told Dawn...

    Although the Capital Development Authority (CDA) has designated an area in I-12 for the cattle market, certain sellers move to sectors with the objective to earning higher profits, the sources said...

  • 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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