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NBP Plans an Aggressive Roll Out of ATMs ISLAMABAD: National Bank of Pakistan has embarked an aggressive plan to roll out a wide ATM network by the end of 2015 at 1,000 different locations countrywide including far-flung areas.The ATMs will be equipped with the state-of-art technology which will provide a hassle free cash transactions to customers of all income levels.This was stated by Syed Ahmed Iqbal Ashraf, President and Cheif Exective (CEO), National Bank of Pakistan who was present at the signing ceremony of 250 ATM project, says a press release.The agreement was inked by Zubair Ahmed (SEVP, Logistic Security Support and Engineering Group) and Veqarul Islam (President - TouchPoint). Mudassir H. Khan (SEVP Commercial & Retail Banking Group), Nausherwan Adil (SEVP, Operations Group), Khalid Bin Shaheen (SEVP, Global Home Remittances Management Group), Javed Haider (SVP, Divisional Head - LS&EG), Faisal Mahmood (VP, Head I.T. Procurement Wing), Qasim Y. Khan (VP, I.T. Procurement) and Tabish Sabah (CEO - ...

PTI would not be allowed to enter Red Zone: Marvi Memon ISLAMABAD: Pakistan Muslim League-N leader Marvi Memon has said that this time PTI would not be allowed to enter the Red Zone of Islamabad as it had earlier sent a wrong message to the world.Talking to Radio Pakistan, she said that the government has provided relief to the people by reducing prices of petroleum products.She added that PML-N government always tried its best to give relief to the masses and was trying to overcome various ...

Mohtasib rejects HBFCL's loan recovery process %9 ISLAMABAD: In a bid to provide relief to an appellant, the Federal Ombudsman while rejecting the loan recovery process of the House Building Finance Company Limited (HBFCL)'s termed it not in accordance with the principle of finance division.Ch. Masood Akhtar, a resident of Rawalpindi Cantt. filed a complaint in the Wafaqi Mohtasib Secretariat that he had obtained a loan of Rs. 400,000 from the institution in 2005, however even after paying 100 installments and later ...

Development work at park enclave in full swing ISLAMABAD: The development work in Capital Development Authority's (CDA) unique Park Enclave housing project is at full swing while CDA has also sought applications for balloting of residential plots.The plots measuring one and two kanals, will be allotted through balloting process and advertisement in this context has already been floated in the newspapers so that people can own their houses in this unique housing project.A high level meeting, chaired by Chairman CDA Maroof Afzal, was ...

President confers Nishan-i-Imtiaz (military) on Indonesian Naval Chief ISLAMABAD: President Mamnoon Hussain on Wednesday conferred Nishan-i-Imtiaz (military) on Chief of the Indonesian Navy, Admiral Dr. Marsetio, at a ceremony held here at the Aiwan-e-Sadr.The award has been given to the Indonesian naval chief for his efforts to strengthen the bilateral relations between the two countries.President Mamnoon Hussain in a meeting with Admiral Dr. Marsetio appreciated the collaboration between the naval forces of Pakistan and Indonesia and hoped that the cooperation would further strengthen ...

Jobs for Metro Bus Service announced ISLAMABAD: Punjab Metrobus Authority has announced jobs for Rawalpindi Islamabad Metro Bus System being launched in the twin cities by January 30, 2015.According to a statement issued here on Wednesday, the authority has sought applications from the eligible candidates for various cadres for a period of three years on contract basis.The authority has asked interested candidates to apply at by December 10.A spokesman of the authority said that applicantions received after due date and ...

Outstanding bills of 86 mosques reach up to Rs19.587mn ISLAMABAD: Auqaf Directorate of Islamabad Capital Territory (ICT) has a total of 86 mosques under its administrative control but its expenses are being met with cooperation of mosque committees or by the general public."An amount of Rs. 19.587 million is outstanding on account of utility bills of the Auqaf manage Mosques in Islamabad upto April, 2014," an official source said.Giving the break up, he said that outstanding bill amount of electricity and sui gas is ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln