KARACHI: Financial institution are required to ensure complete identity verification of customers for compliance with Financial Action Task Force (FATF).
KARACHI: The State Bank of Pakistan (SBP) on Wednesday imposed a monetary penalty of Rs59.51 million on Habib Metropolitan Bank for violating regulations pertaining to AML/CFT. A notification issued by the central bank said that the amount Rs59.51 million was imposed on Habib Metropolitan Bank for violating of instructions and regulations pertaining to Anti-Money Laundering […]
KARACHI: The stock market closed on Wednesday with a gain of 171 points in mixed trading activities during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,458 points as against 46,287 points showing an increase of 171. Analysts at Arif Habib Limited said that the key decisions to be taken […]
KARACHI: The Pak rupee gained 10 paisas against the dollar on Wednesday owing sufficient supply of the foreign currency to meet demand for import and corporate payments. The rupee ended Rs160.54 to the dollar from previous day’s closing of Rs160.64 in the interbank foreign exchange market. Currency dealers said that the market witnessed sufficient supply […]
ISLAMABAD: The government of Pakistan has decided to stop manual processing of visa cases from January 01, 2021, a statement said on Tuesday. Therefore, all visa applications are required to be processed through online visa portal only at the following web address: www.visa.nadra.gov.pk The High of Commission of Pakistan, London and Consulates General of Pakistan […]
KARACHI: Irfan Nadeem Syed, a former senior officer of Federal Board of Revenue (FBR), Tuesday died of COVID. He was on ventilator for the last two days to fight against the deadly coronavirus, sources said. Irfan Nadeem Sayed was senior officer BS-21 of Secretariat Group. However, he served as tax official. He was Member Direct […]