Mohtasib receives 14,587 complaints against banks

ISLAMABAD: The Banking Mohtasib (Ombudsman) Pakistan has received 14,587 complaints against banks for the year ended December 31, 2019. The annual report of Banking Mohtasib Pakistan revealed the number of complaints against... Read more »

Customs official awarded ‘dismissal from service’ for misconduct

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday awarded major penalty of ‘dismissal from service’ upon a customs official on the charges of misconduct. An office order issued by the FBR stated... Read more »

Country’s foreign exchange reserves increase to $19.302 billion

KARACHI: The liquid foreign exchange reserves of the country increased by $287 million to $19.302 billion by week ended October 16, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign... Read more »

Stock market falls by 337 points on profit booking

KARACHI: The stock market witnessed a decline of 337 points on Thursday as investors opted for profit booking during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at... Read more »

Dollar retreats to Rs161.82 in interbank

KARACHI: The Pak Rupee continued its gaining momentum and further advanced by 31 paisas against the dollar on Thursday as the currency market remained positive. The rupee ended Rs161.82 to the dollar... Read more »

KiTS system stops

KARACHI: Karachi Internet Trading System (KiTS) of Pakistan Stock Exchange (PSX) stopped on Thursday morning due to a technical problem, said a statement. The notice updated on the PSX website at 9:31AM... Read more »

Ogra imposes penalty of Rs10 million on Hascol Petroleum

KARACHI: Oil and Gas Regulatory Authority (OGRA) has imposed a penalty of Rs10 million and suspended the marketing license of the company for Khyber Pakhtunkhwa. Hascol Petroleum Limited in a communication sent... Read more »

Banking fraud: Rs7.6 million withdrawn on un-signed cheque

ISLAMABAD: A bank account holder is fortunate to get back an amount of Rs7.6 million on the intervention of Banking Mohtasib (Ombudsman) Pakistan. The amount was fraudulently withdrawn from the account on... Read more »