Banking & Finance
Saturday, 18 May 2013 14:31
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ISLAMABAD: The National Bank of Pakistan (NBP) and A.F. Ferguson & Co. (PwC) has signed a landmark agreement for BPR and COSO implementation at National Bank of Pakistan Head Office.The NBP President, Dr. Asif A. Brohi in his message on this signing ceremony said, "NBP is committed to achieve the leadership position in the industry by adopting International best practices and ensuring consistent compliance with regulatory requirements".He also said, "NBP believes in business growth and excellence through robust infrastructure, technology and operational support aimed at improving internal and external customer satisfaction", says a statement issued by the bank.Highlighting the objective, Dr Brohi said, "The project is aimed at incorporating the operating model into NBP's business processes and core systems and achieve operational effectiveness and efficiency.Implementing the project will eventually provide a platform for achievement of the Bank's strategic objectives through a phased process of institutional capacity building".Copyright APP (Associated Press ...
RAWALPINDI: Excise & Taxation Department has sealed 629 properties in Rawalpindi division for non-payment of property tax during its three day campaign.The department also recovered property tax arrears amounting to Rs65,89,197.The Excise & Taxation department during its special campaign which was run for three days, from May 14 to 16 also checked 8,941 vehicles in the division and recovered Rs33,94,217 in head of token tax.This was disclosed by Director Excise & Taxation Shahid ur Rehman ...
KARACHI: The First Women Bank Limited (FWBL) and State Life Insurance Corporation (SLIC) have entered into a strategic partnership to sell insurance products under Bancassurance.An official of the FWBL said that the First Women Bank, the only bank for women in the country, has a network of 41 branches in 24 cities of Pakistan while SLIC is the largest life insurance Corporation operating in Pakistan, having 65% market share. It also operates in Gulf countries.The ...
ISLAMABAD: The 2nd draw of Rs100 prize bonds is scheduled to be held on May 15 (Wednesday) in State Bank of Pakistan, Rawalpindi.Former Judge, Islamabad High Court, Muhammad Amjad Iqbal Qureshi will preside over the draw as Chairman while Deputy Chief Manager, State Bank of Pakistan, Rawalpindi, Muhammad Masood will act as secretary.National Savings Officer, Regional Directorate of National Savings, Islamabad, Muhammad Imran-ul-Haq is deputed to maintain close liaison with the chairman, secretary, members of ...
KARACHI: The State Bank of Pakistan (SBP) has issued revised Prudential Regulations (PRs) for Small and Medium Enterprises (SME) financing to ensure smooth flow of funds to the sector. According to a press release issued by SBP on Tuesday, the revised PRs focus more on Small Enterprise, and formulate more specific and simpler regulations for them. The new set of Regulations is believed to further improve the current Regulatory Environment and will boost the efforts ...
KARACHI: Meezan Bank Limited has recorded 9 percent growth in its profit-after-tax of first quarter ended March 31, 2013 which increased to Rs982 million compared to Rs903 million earned in the corresponding period of 2012.A statement here on Thursday said that the Earnings per Share of the Bank increased to Rs0.98 (March 2012: Rs0.90) on the enhanced share capital of Rs10 billion.Deposits of the Bank grew to Rs235 billion as at March 31, 2013 (Dec ...
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