Banking & Finance
Friday, 09 September 2011 20:09
1668
KHAIRPUR: Banking court issued non-bailable warrants against eight bank defaulters on Friday.
According to detail Akber M Memon the Judge for banking court No-1 Sukkur issued non bail able warrants against eight banks defaulters of Khairpur district.
The defaulters are Zamir Hussain Shah, Azeem Hussain Shah of Kotdiji, Nazeer Ahmed Palh, Karim Bux Palh, Muhammad Ali Palh, Manzoor Hussain Palh of Fakeerabad, Amir Khan Lashari of Faiz Gunj and Nazeer Ahmed Chandio of village Kanhar.
They were not appearing before the court for a long time in cases filed against them by different banks, therefore, the court issued non-bailable warrants against them and directed the police to arrest and produce them before the court.
Copyright APP (Associated Press of Pakistan), 2011 ...
KARACHI: Pakistan's liquid foreign reserves increased by $105 million to $18.063 billion on September 3, 2011, at the back of rising home remittances.
According to SBP spokesman here Thursday, the foreign reserves with SBP stood at $14.603 billion while the net foreign reserves held by banks went up to $3.460 billion.
Copyright APP (Associated Press of Pakistan), 2011 ...
KARACHI: Bank Alfalah Limited, a leading commercial bank in Pakistan, has upgraded the latest version of SunGard's Ambit Card Management solution including the Ambit 3D secure module.
The solution will help the bank increase revenues and grow its credit card and retail merchant customer base.
With the Ambit Card Management solution, the bank will be able to cost efficiently issue MasterCard and VISA (EMV) chip cards, corporate cards and pre-paid cards.
Ambit 3D Secure will help ...
KARACHI: Pakistan's foreign exchange reserves fell to $17.90 billion in the week ending August 27, from $17.96 billion in the previous week, State Bank of Pakistan (SBP) said on Monday.
Reserves held by the SBP fell to $14.45 billion from $14.50 billion in the earlier week, while those held by commercial banks eased to $3.45 billion from $3.46 billion, according to the State Bank of Pakistan.
Foreign exchange reserves hit a record $18.31 billion in the week ...
KARACHI: The State Bank of Pakistan (SBP) has allowed the banks and Development Finance Institutions (DFIs) to open accounts on the basis of National Database and Registration Authority's (NADRA) receipt/token in case of expired Computerized National Identity Cards (CNICs).
With a view to facilitating the general public, it has been decided to allow the opening of account on the basis of attested copies of NADRA receipt/token and expired CNIC, provided all other requirements of account opening ...
ISLAMABAD: The Asian Development Bank (ADB) has called for sustained commitment, leadership and partnerships to prevent the further spread of HIV/AIDS.
According to press statement received here Monday, ADB Vice President for Knowledge Management and Sustainable Development Ursula Schaefer-Preuss stressed the need for continued political and economic commitment as well as increased collaboration among partners in the fight against HIV/AIDS.
"By working together with governments, civil society, affected populations, the private sector and faith-based communities, we can ...
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