Pakistan News

    Union Bank Of India Kondapur Hyderabad

  • 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...

  • Apple opens map development office in India's Hyderabad

    NEW DELHI: Apple said Thursday it will open a development office in Hyderabad, as its chief executive Tim Cook continued his India charm offensive with an investment boon to one of the country's top technology hubs...

    It pits Apple against Google, which has made maps a key focus of its attempt to forge inroads in India, a vast but largely untapped Internet market where almost a billion people are still not online...

  • 'India-backed' terrorist group busted in Hyderabad, police claim

    Hyderabad police on Friday claimed to have busted a gang which was reportedly getting funding from India to sabotage China-Pakistan Economic Corridor (CPEC) and target security personnel in Sindh...

    Hyderabad DIG Javed Alam Odho and SSP Pir Mohammad Shah held a joint press conference to share the details of the suspected terrorist group with the media...

  • 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...

  • 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...

  • 100m Pakistanis without a bank account, says World Bank

    ISLAMABAD: Pakistan is home to 100 million adults without a bank account, with 13 per cent adults citing religious concerns as a reason for not having account at a financial institution, a World Bank report on the use of financial services revealed...

    China and India, despite having relatively high account ownership claim large shares of the global unbanked population due to their sheer size...

  • Zimbabwe trade union marches to demand jobs

    HARARE: Around 200 hundred people from Zimbabwe’s main trade union on Saturday marched to government offices in Harare to demand that President Robert Mugabe fix the ailing economy and fulfil an election promise to create over 2 million jobs...

    The union held similar demonstrations in five cities across the country...

  • Trade union leaders condemn massacre of workers in Turbat

    ISLAMABAD: Trade union leaders and workers organisations all over the country have condemned the massacre of 20 labourers at Turbat in Balochistan and announced mourning for three days...

    APWC Secretary General and veteran trade union leader Khurshid Ahmed, APWC President Rubeena Jameel and other leaders Yousuf Baloch, Muhammad Akram Bunda, Javed Iqbal Baloch, Ramzan Khan Jadoon and Sajjad Hussain Sajid attended the meeting...

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