Pakistan Revenue
KARACHI: National Bank of Pakistan (NBP) on Tuesday announced decline in its annual net profit to Rs28.76 billion for the year ended December 31, 2021. The annual net profit of the NBP fell by 6 per cent from Rs30.58 billion in the preceding year. READ MORE: National Bank under grip of regulatory violations The bank […]
Continue Reading
National Bank of Pakistan in a notice sent to Pakistan Stock Exchange (PSX) disclosed that it reached an agreement with US regulators of NBP’s New York branch with fines of $55 million arising due to historical compliance weakness and delays in making compliance related enhancements. However, there were no findings of improper transactions or willful […]
Continue Reading
KARACHI: The central bank of the United States on Thursday imposed a monetary penalty of $20.4 million on New York branch of Pakistan’s largest public sector bank for violating anti-money laundering laws. A statement issued by the Federal Reserve Board, the US central bank, has announced a $20.4 million penalty against the National Bank of […]
Continue Reading
KARACHI: National Bank of Pakistan (NBP) has lent an amount of Rs18.8 billion out of Rs54 billion scam in Hascol Petroleum Limited. National Assembly Standing Committee on Finance and Revenue on Thursday reviewed the performance of NBP. The committee also discussed the recent Hescol loan scam of Rs 54 billion; of this NBP had lent […]
Continue Reading
ISLAMABAD: The President of Pakistan, Dr Arif Alvi, has directed National Bank of Pakistan (NBP) pay Rs0.5 million to a victim of bank fraud. The president upheld the decision of the Banking Ombudsman and directed the NBP to pay Rs500,000 to the citizen who had been the victim of bank fraud at the hands of […]
Continue Reading
ISLAMABAD: Utility Stores Corporation (USC) and National Bank of Pakistan (NBP) on have completed integration to launch provision of subsidized items under Ehsaas Rashan Riayat Program. Senator Dr. Sania Nishtar, SAPM together with MD USC, Taha Aziz Magrabi visited a Utility Store in G-6 Islamabad to field test the integration of data and Point of […]
Continue Reading
KARACHI: 1LINK, transaction service provider to banks, on Sunday confirmed that there was no disruption of any interoperable banking services during or after the cyber-attack on one of the major banks in Pakistan. All transactions, both financial (ATM cash withdrawal, 1IBFT-Inter Bank Funds Transfer and Bill Payments) and non-financial transactions (balance inquiry, title fetch and […]
Continue Reading
KARACHI: The State Bank of Pakistan (SBP) has slapped a heavy monetary penalty of over Rs280 million on the National Bank of Pakistan (NBP) for violating instructions pertaining to Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT). The central bank imposed a monetary penalty on four banks during the quarter ended September 30, 2021. […]
Continue Reading
KARACHI: National Bank of Pakistan (NBP) on Thursday announced Rs17.047 billion as net profit for half year ended June 30, 2021. The profit is 12.77 per cent higher when compared with Rs15.11 billion in the corresponding half of last year. However, there was no dividend announced. Net Interest Income (NII) of the bank settled at Rs […]
Continue Reading
KARACHI: The State Bank of Pakistan (SBP) has approved an amount of Rs82.6 million as interest free loan for deserving students. The apex committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan) and five major banks (NBP, HBL, UBL, ABL and MCB Bank) has approved Rs 82.6 […]
Continue Reading