ISLAMABAD - Showing serious reservations over government's proposal to give power to the tax department to get access to bank database, the Senate Standing Committee on Finance and Revenue rejected the suggestion and asked the government not to incorporate it into the Finance Bill, 2013-14.The ...

LAHORE - Chief Justice of the Lahore High Court, Mr. Justice Umar Ata Bandial has ordered winding up of Innovative Investment Bank Ltd and appointed two joint official liquidators for answering the anxiety and concern of the investors who are without principal amount of their investment or any ...

PARIS : Tax evasion and banking secrecy, hot topics and top targets because of the financial crises and austerity, could be the focus of strong statements at the G8 meeting this week. The UK govt, organising the meeting in N Ireland, has promised big developments on the basis of substantial ...

ISLAMABAD - Mulling over granting Federal Board of Revenue unbridled powers to intrude into the privacy of every bank account holder, the government is set to introduce an extremely controversial tax law to give FBR sweeping authority to conduct surveillance on bank accounts. The government in the ...

KARACHI- Timely ringing of the emergency alarm at a bank made robbers go empty handed here on Friday. In Saddar area, some bandits were trying to rob a private bank on Abdullah Haroon Road within the remits of Preedy Police Station. Police said the bandits could not rob cash as the bank’s ...

KARACHI (PR): A strategic agreement has been signed by Naeem Y Mir, MD & CEO Pakistan State Oil (PSO), and Naveed A Khan, President & CEO Faysal Bank Limited (FBL), for the redemption of reward points accumulated on FBL credit cards at PSO retail outlets. Through this agreement, FBL card ...

RAMALLAH: A symphony dedicated to two Palestinians killed in the West Bank has received its first performance in the Israeli-occupied territory after producers overcame obstacles that had impeded one for the past three years. “Symphony for Palestine” by Iranian composer Kayhan Kalhor is ...

BAHAWALPUR In a bank robbery, four robbers looted Rs3.3 million, and for offering resistance injured a security guard, and managed to escape while the bank manager had been arrested by police.The four armed dacoit entered into the bank located in Model Town B Block Bahawalpur. They held the bank ...

Federal Board of Revenue (FBR) has advised the taxpayers and general public not to send their bank account details and password to emails received from any email address that is apparently from FBR.Any link to any bank is not provided on FBR's website and FBR would never ask for your bank details ...

Lahore - In every country of the world, central banks role is to protect national currency and look after national economy. Every state has separate central bank that operates at state level. Central banks are responsible for Government accounts and monitoring commercial banks. The right to change ...

KARACHI (PR): Faysal Bank Limited recently launched the first ever Shariah-compliant Barkat UnionPay Debit Card in Pakistan. This launch furthers the Bank’s aggressive growth strategy for its Barkat Islamic Banking, and makes it the only Islamic Banking platform globally, offering both VISA ...

  JERUSALEM: The European Union has postponed plans to introduce separate labelling for products from Israeli settlements in the occupied West Bank, Israel’s Haaretz newspaper reported on Sunday. Citing European diplomats and Israeli officials it did not identify, the paper reported that ...

LONDON - An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain’s finance ministry says.Before a referendum due in September 2014 on whether Scotland should split from the United Kingdom, the British ...

KARACHI (PR): Warid Telecom has signed a Memorandum of Understanding with Monet and Meezan Bank for rollout of the Warid Telecom Payment Gatewayfor Meezan Bank’s branchless banking services, with Monet as the technology partner for the venture. Through this memorandum, Warid Telecom and Bank ...

LONDON : The Bank of England forecast on Wednesday that British economy would grow faster than expected in the coming months, but stressed the weak nature of the recovery.Growth in GDP was expected to strengthen to about 0.5 percent in the second quarter of 2013, but the recovery would be uneven, ...

LONDON - The Bank of England on Thursday voted to keep its main lending rate at its record-low level of 0.50 percent, deciding against mirroring a number of central banks who have cut borrowing costs in the past week. The BoE also opted against pumping out more new stimulus cash to boost economic ...

jerusalemIsraeli Prime Minister Benjamin Netanyahu has ordered a freeze on tenders for new West Bank settler homes, a report said Tuesday, with a rights group confirming not a single tender has been issued in months.The decision was taken in a bid to avoid hampering US efforts to renew peace talks ...

KARACHI : Meezan Bank Ltd has recorded 9pc growth in its profit-after-tax of 1st quarter ended 31st March 2013 which increased to Rs.982m compared to Rs. 903m earned in the corresponding period of 2012.  The Earnings per Share of the Bank increased to Rs. 0.98 (March 2012: Rs.0.90) on the ...

karachi - Bandits looted Rs53.5 million from a local bank here in the remits of New Town police station on Tuesday. Police said the robbery took place at 7:15pm when the staffers were ready to go home. The bank was located at Chandni Chowk, Old Sabzi Mandi area within the limits of New Town police ...

karachi - Bandits looted Rs53.5 million from a local bank here in the remits of New Town police station on Tuesday. Police said the robbery took place at 7:15pm when the staffers were ready to go home. The bank was located at Chandni Chowk, Old Sabzi Mandi area within the limits of New Town police ...

karachi - The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on 1st May, 2013 (Wednesday) being public holiday declared by the Government of Pakistan on the occasion of Labour Day.

LAHORE  : MCB Bank (MCB) announced its 1Q2013 result on Monday. The result came well above expectation of Rs4.95 per share on account of reversal in provisions against bad loans of Rs811m which boosted the bottom line. The bank posted a PAT of Rs5.8b (EPS: Rs5.70) up 4pc YoY. The bank also ...

LAHORE (PR): The Board of Directors of Samba Bank Limited (SBL), in its recently held meeting, announced the appointment of Dr. Shujaat Nadeem as the new Chairman of the Board of SBL. In addition, SBL Board has been further strengthened with the appointment of two newly-elected directors namely, ...

ISLAMABAD : A delegation from Afghan International Bank on Wednesday visited ISE.The delegation apprized that although money market was functioning under the umbrella of Afghan Central Bank, however, the country has yet to have a stock market as well as securities regulator. The participants were ...

KARACHI (PR): NIB Bank, one of the fastest growing banks in Pakistan, and global payments and technology company MasterCard have announced a collaboration which will see NIB Bank become the first bank in Pakistan to offer the MasterCard Internet Gateway Service (MiGS). Now, NIB Bank merchants will ...

SEOUL  - Dealing with monetary policy and interest rates is the Bank of Korea’s main role, but in May it will start hosting weddings - in an auditorium hung with the portraits of former central bank governors.Employees from the Bank of Korea will be allowed to get married inside the ...

BURIN (AFP) - Palestinians and activists were on Saturday forcefully removed from a new camp near a West Bank village, after a third attempt at the novel form of protest against Jewish settlement.An AFP correspondent said the army used tear gas and violence to remove hundreds of people who had set ...

An inquiry into the theft of some $900 million which led to the near-collapse of Afghanistan's largest bank has found there was high-level political interference over who should face prosecution."Information received during the inquiry indicates that the final decision about who to indict was made ...

Rival factions have agreed on ceasefire in Kurram Agency on Saturday. According to sources of political administration, Toori and Bangash tribes, fighting against each other, have agreed on ceasefire and have signed an agreement in this regard. This may be recalled that the fighting among the ...

President Asif Ali Zardari said Friday that territorial violations by the allied forces would strengthen extremists' forces in the country. In an article written in US daily, President Zardari said that we will have to fight together against the terrorism. He said Pakistan would not allow the ...