Pakistan News

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  • 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...

  • NBP to defend title as National Junior Hockey begins

    KARACHI: Formidable National Bank of Pakistan (NBP) will start the defence of their crown when they take on Railways on the opening day of the 34th National Junior (under-20) Hockey Championship which begins at the Hockey Club of Pakistan Stadium on Thursday...

    The quartet that has pulled out from the event includes Customs, Islamabad, Pakistan Steel and Sindh “B”,After completing league matches, top two teams from each group will...

  • PIA, NBP score contrasting wins to enter National Hockey semis

    KARACHI: Reigning champions PIA and National Bank of Pakistan (NBP) registered contrasting victories over their respective opponents to cruise into semifinals of the 62nd National Hockey Championship at the Hockey Club of Pakistan Stadium on Wednesday...

    The national carrier, having nine Pakistan players in their fold, outplayed Pakistan Television (PTV) 8-1 after leading 2-1 at half time...

  • NBP, Wapda claim team titles at National Badminton

    LAHORE: While National Bank of Pakistan (NBP) clinched men’s team title beating Wapda in the final 3-2, Wapda avenged seizing the women’s title as they defeated NBP by identical margin in the final at the National Badminton Championships here on Thursday...

    In the men’s final, Murad Ali provided the NBP lead by winning the first singles, despite losing the first game to Azeem Sarwar, before completing a 19-21, 21-17, 21-16 victory 40...

  • NBP edge SSGC to retain national hockey title

    KARACHI: Defending champions National Bank of Pakistan (NBP) carved out a nailbiting 5-4 victory over stubborn Sui Southern Gas Company (SSGC) on penalty shootouts after being tied one-all in regulation time to win the title for an overall fifth time as curtain fell on the 65th retired Air Marshal Nur Khan National Hockey Championship at the Abdul Sattar Edhi Hockey Stadium on Monday...

    Mubashir Ali efficiently converted penalty...

  • 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...

  • State Bank, NBP to work extended hours for tax collection

    To facilitate taxpayers to deposit their duty and taxes in the last three days of the fiscal year 2014-15, the State Bank of Pakistan (SBP), on a request from the Federal Board of revenue (FBR), has decided to keep its designated branches and those of the National Bank of Pakistan (NBP) open for extended hours...

    The authorised branches of SBP and NBP will remain open on June 27 from 8am to 1...

  • NBP pension scam: NAB seeks custody of two bank officials

    MUZAFFARGARH: The National Accountability Bureau has directed the Federal Investigation Agency to hand it over two suspended officials of the National Bank of Pakistan allegedly involved in the Rs420 million pension scam...

    Five NBP officials had already been suspended from service for allegedly embezzling funds meant for pensioners...

  • 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...

  • National Bank profit dips 15pc

    KARACHI: National Bank of Pakistan (NBP) posted a profit of Rs8...

    “Profitability of the bank remained under pressure during the period on account of lower interest rates and maturity of high-yielding Pakistan Investment Bonds,” said a press release issued by the bank on Thursday...

  • National Bank down Wapda 3-1 to retain junior hockey title

    KARACHI: The second string of the National Bank of Pakistan (NBP) on Friday proved that they are a force to be reckoned with when they thumped Water And Power Development Authority (Wapda) 3-1 in a repeat final to retain their title in the 34th National Junior (under-20) Hockey Championship at the Hockey Club of Pakistan Stadium on Friday...

    Pakistan Hockey Federation (PHF) president Akhtar Rasool, who graced the occasion, awarded the...

  • EOBI to disburse pension through National Bank

    KARACHI: The Emp­loyees Old-Age Benefit Insti­tution (EOBI) has decided to transfer the private sector employees’ pension from Easypaisa to National Bank of Pakistan (NBP)...

    EOBI has advised all the pensioners to approach the nearest branch of NBP along with their pension book and National Identity Card...

  • Rahu alleges Sindh Bank being used to plunder national wealth

    BADIN: President of the Sindh chapter of the Pakistan Muslim League-Nawaz (PML-N) Ismail Rahu on Tuesday alleged that the Sindh Bank had been established and operated to plunder the national exchequer through a few people sitting within the provincial government...

    He was responding to the media’s questions regarding the ongoing investigation into alleged misappropriation of Rs700-750 million recently drawn from the bank by managers...

  • 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”...

    It received the honour at the second Pakistan Banking Awards, which were jointly organised by the Institute of Bankers, A...

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