Pakistan News

    Ubl Islampura Lahore Branch Code For Absa

  • UBL to wind down New York branch as part of 'global realignment strategy'

    The United Bank Ltd (UBL) has announced its plans to wrap up its operations in New York, saying the decision has been taken considering the commercial viability of the branch...

    "As part of its global realignment strategy, UBL intends to voluntarily liquidate and surrender its license pursuant to New York Banking Law," the bank said in a letter to the Pakistan Stock Exchange (PSX)...

  • Chinese embassy branch to be opened in Lahore

    LAHORE: Chinese Ambassador to Pakistan Yao Jing on Thursday announced opening an embassy branch in Lahore for the issuance of Chinese visa from next month...

    The governor said Pakistan was striving for boosting confidence of the Chinese investors so that they could invest here...

  • Younis keeps struggling UBL afloat, Lahore Blues duo hit tons

    KARACHI: Pakistan great Younis Khan produced a classy innings to prevent United Bank Limited (UBL) from total collapse as National Bank of Pakistan (NBP) took the first day’s honours in the opening Super Eight fixture of the Quaid-i-Azam Trophy National Cricket Championship here on Monday...

    Centuries from Haris Nazar and Agha Salman enabled Lahore Blues to reach 302-4 in their first innings against Wapda on a docile NBP Sports...

  • Special Branch suggests talks with protesters

    ISLAMABAD: The intelligence wing of the capital police on Friday suggested negotiations with the organisers of the protesters at Faizabad even though the Islamabad High Court (IHC) directed the government to take action for reopening the blocked roads...

    The Special Branch briefed senior police and administration officers at a meeting about the situation...

  • 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...

  • Bank of China to open branch in Gwadar soon

    GWADAR: The Bank of China, along with other national and international banks, plans to open a branch in Gwadar, said Gwadar Port Authority Chairman Dostain Khan Jamaldini in a meeting with the president of the Summit Bank, Zaheer Esmail, here on Thursday...

    Mr Jamaldini claimed that with the Gwadar Deep Seaport becoming operational, several of the country’s commercial banks were interested in opening branches in the port city and the...

  • Bank of China to open first branch in Pakistan

    Bank of China (BoC) will be setting up its first branch in Pakistan as it has received its banking license from the State Bank of Pakistan (SBP)...

    Finance Minister Ishaq Dar met with Bank of China Chairman Tian Guo Li in Beijing, where the latter was invited to visit Pakistan to inaugurate bank's first branch in Pakistan, expected to be set up in Karachi...

  • Protesting villagers reject fresh olive branch offered to agree on Gorano reservoir

    MITHI: Residents of Gorano and about a dozen other Thar villages protesting against the construction of a reservoir meant for temporarily storing mine effluent have rejected the fresh move to conduct a survey of the site and an offer to pay compensation to the people who had not been paid due compensation for their lands earlier...

    After many abortive attempts over the past five months to allay the villagers’ apprehensions, the Sindh...

  • Special Branch chief, Kasur DPO removed

    LAHORE/KASUR: As the demand for punishing the suspects involved in the ghastly child abuse scandal intensified, the Punjab government removed on Tuesday the chief of the provincial intelligence agency from his post for failing to keep the chief minister informed about the incident...

    A spokesman for the Punjab government said in a press release that Special Branch’s Additional IG Dr Arif Mushtaq had been removed for having failed to...

  • US Fed slaps partial ban; HBL says its NY branch operational

    KARACHI: Reacting to a Reuters report on Friday that the US Federal Reserve had barred the Habib Bank Limited from conducting any dollar-clearing transactions or accepting any new accounts for US dollar clearing as of Dec 11, the bank clarified that it maintains its US licence and would continue to provide services as usual...

    The HBL said in a press release, “The orders limit the branch’s growth of its US dollar-clearing business,...

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