Accountability

NAB freezes two foreign currency accounts linked to Bahria Town in money laundering case

Two Mauritius-based accounts holding $4.5 million frozen as NAB pursues asset recovery under anti-money laundering laws The National Accountability Bureau (NAB) Karachi has frozen two foreign bank accounts linked to Bahria Town executives Ahmed Ali Riaz and Mubashira Ali Malik as part of an ongoing investigation into alleged international money laundering.

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SBP Digital Payments Surge to PKR 34 Billion in Eid Drive

The State Bank of Pakistan (SBP) significantly expanded its “Go Cashless” campaign during Eid-ul-Azha 2026, accelerating the shift toward digital payments in traditionally cash-heavy cattle markets. The initiative was rolled out across 123 cattle markets nationwide, compared to 54 markets in 2025, reflecting a major push to promote financial inclusion and reduce reliance on physical […]

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SBP expands Naya Pakistan Certificates to SAR, AED with returns up to 12.75%

State Bank introduces SAR and AED-denominated certificates to attract more investment from overseas Pakistanis in Gulf countries The State Bank of Pakistan (SBP) has expanded the Naya Pakistan Certificates (NPCs) scheme by introducing investment certificates denominated in Saudi Arabian Riyal (SAR) and UAE Dirham (AED), aiming to attract greater participation from overseas Pakistanis residing in […]

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