SBP announces public holiday on Feb 5

KARACHI, Jan 31 (APP):The banks will remain closed on Monday, February 5, 2024, on the occasion of Kashmir Day. The State Bank of Pakistan will remain closed on 5th February 2024 (Monday) being a public holiday on the occasion of ‘Kashmir Day’ as declared by the Government of Pakistan, said a statement issued here on… Continue reading SBP announces public holiday on Feb 5

Cabinet approves levy of 40 % tax on banks’ windfall profit earned during 2021-22

ISLAMABAD, Nov 15 (APP):The Federal Cabinet in its meeting chaired by Caretaker Prime Minister Anwaar-ul-Haq on Wednesday, accorded approval, upon the recommendation of Federal Board of Revenue (FBR), to impose 40 percent tax on windfall profit earned by banks on the foreign exchange transactions during the years 2021 and 2022. The Finance Act, 2023 introduced… Continue reading Cabinet approves levy of 40 % tax on banks’ windfall profit earned during 2021-22

President calls upon banks to regularly warn customers about banking scams

ISLAMABAD, Sep 11 (APP): President Dr Arif Alvi has called upon all the banks of the country to regularly warn their customers and clients about banking scams, including banking frauds involving online funds transfers, and improve their regular communication with clients. He said that simple people were being frequently entrapped by fraudsters and swindled out… Continue reading President calls upon banks to regularly warn customers about banking scams

Federal Minister for Finance and Revenue, Miftah Ismail presided over a meeting with CEOs of banks at State Bank of Pakistan. Renowned Islamic Scholars Mufti Muhammad Taqi Usmani and others also attended the meeting

APP49-220722 KARACHI: July 22 - Federal Minister for Finance and Revenue, Miftah Ismail presided over a meeting with CEOs of banks at State Bank of Pakistan. Renowned Islamic Scholars Mufti Muhammad Taqi Usmani and others also attended the meeting. APP
APP49-220722 KARACHI

President for ensuring fast-track inclusion of women in businesses, industry

ISLAMABAD, July 16 (APP): President Dr Arif Alvi Saturday called for creating enabling environment to ensure women’s participation and inclusion in economic, business, trade, and industrial sectors on a fast-track basis. The [resident expressed these views while talking to a delegation of the Women Chamber of Commerce and Industry, Peshawar (WCC&IP), led by its President… Continue reading President for ensuring fast-track inclusion of women in businesses, industry

President censures banks over frivolous litigation, wasting valuable time of institutions

ISLAMABAD, Apr 1 (APP): President Dr Arif Alvi on Friday strongly objected to the careless attitude of some commercial banks in resolving the complaints of their customers and unnecessarily dragging poor clients into frivolous litigations. The president also expressed displeasure over the wasting of valuable time of litigants, Banking Mohtasib of Pakistan and the President’s… Continue reading President censures banks over frivolous litigation, wasting valuable time of institutions

President asks banks to secure customers’ deposits, data

KARACHI, Mar 29 (APP):President Dr. Arif Alvi Tuesday urged the banks to ensure fool-proof security of the deposits and personal data of account holders keeping in view the increasing cyber crimes the world over.The president, chairing a meeting with heads of various banks including the State Bank of Pakistan to review the innovations and developments… Continue reading President asks banks to secure customers’ deposits, data

Gypsy children searching and picking valuables at the banks of a nullah after flash floods due to heavy rain fall in E-11 Sector

APP27-280721 ISLAMABAD: July 28 - Gypsy children searching and picking valuables at the banks of a nullah after flash floods due to heavy rain fall in E-11 Sector. APP photo by Saleem Rana

Army personnel busy in clearing the water filled basement of a commercial plaza after flash floods due to heavy rain fall in E-11 Sector

APP26-280721 ISLAMABAD: July 28 - Army personnel busy in clearing the water filled basement of a commercial plaza after flash floods due to heavy rain fall in E-11 Sector. APP photo by Saleem Rana
APP28-280721ISLAMABAD: July 28 - Local administration pulling a vehicle fallen in a nullah after flash floods due to heavy rain fall in E-11 Sector. APP photo by Abid Zia APP29-280721ISLAMABAD: July 28 - A person pulling his motorcycle while crossing a water filled nullah after flash floods due to heavy rain fall in E-11 Sector.… Continue reading Army personnel busy in clearing the water filled basement of a commercial plaza after flash floods due to heavy rain fall in E-11 Sector

A view of water filled basement of a commercial plaza after flash floods due to heavy rain fall in E-11 Sector

APP25-280721 ISLAMABAD: July 28 - A view of water filled basement of a commercial plaza after flash floods due to heavy rain fall in E-11 Sector. APP photo by Saleem Rana
APP Services