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Tag Archives: National Bank of Pakistan

Two fraud accused appointed National Bank of Pakistan directors

LAHORE: In a shocking development, the government has appointed two directors to the board of the National Bank of Pakistan (NBP), who are allegedly facing trials for fraud of billions of rupees. Reportedly, Imam Bakhsh Baloch, who has been appointed as director of the National Bank of Pakistan board by the government, is allegedly facing a whooping Rs2.5b fraud in ... Read More »

HBL, ZTBL, NBP, other banks move banking court to recover Rs4.45m from 7 defaulters

LAHORE: Different banks moved the banking court against 7 defaulters of personal, auto and credit cards loans to the tune of Rs4.45 million. Summit Bank filed a case against a defaulter Ghulam Ali Bhatti to recover Rs 1500,000 while MCB moved the court against Sajid Anayat to recover Rs 500,000, Akbar Ali to recover Rs 219,000 and Khalid Akbar to ... Read More »

NBP, Master Motors ink MoU to materialize PM Youth Loan Scheme

KARACHI: The National Bank of Pakistan (NBP) on Monday signed an MoU with Master Motors to provide commercial vehicles to the youth under the Prime Minister Youth Business Loan Scheme (PMYBL). NBP President Syed Ahmed Iqbal Ashraf said over 4,912 applicants have been provided loans by NBP, collectively amounting to over Rs2.885 billion. The ratio of recovery was the highest ... Read More »

NBP, Master Motors sign MoU to provide vehicles to youth

KARACHI: The National Bank of Pakistan (NBP) on Monday signed an MoU with Master Motors to provide commercial vehicles to the youth under the Prime Minister Youth Business Loan Scheme (PMYBL). NBP President Syed Ahmed Iqbal Ashraf said over 4,912 applicants have been provided loans by NBP, collectively amounting to over Rs2.885 billion. The ratio of recovery was the highest ... Read More »

FBR issues 2,800 final notices of demand to tax avoiders

LAHORE: The Federal Board of Revenue (FBR)’s Broadening of Tax Base (BTB) Lahore issued 2,800 notices of demand to potential taxpayers whose income is taxable but avoiding filing Income tax returns despite several notices issued to them. The BTB has issued 4,000 show cause notices to the potential taxpayers in September. However, only 1,200 filed them. The BTB has sent ... Read More »

National Bank introduces Foree Remittance Account

KARACHI: The National Bank of Pakistan introduced Foree Remittance Account the other day. With Foree Remittance Account, customers are no longer required to visit branches and wait in queues for receiving remittances, rather home remittances are immediately credited to the customer’s account upon receipt from the overseas and a SMS Alert is sent on the customer’s designated mobile number with ... Read More »

SBP approves Rs 173.57m loan for 1,072 students

ISLAMABAD: Interest-free loan of Rs 173.57 million has been approved for needy students to pursue higher studies within Pakistan. The scheme was approved on Friday in the meeting of apex committee in Karachi which was chaired by Saeed Ahmad, Deputy Governor State Bank of Pakistan (SBP) while representatives of the Finance Division, Government of Pakistan, National Bank of Pakistan, Muslim ... Read More »

SBP okays Rs 173.57m loan for 1,072 students

ISLAMABAD: Interest-free loan of Rs 173.57 million has been approved for needy students to pursue higher studies within Pakistan. The scheme was approved on Friday in the meeting of apex committee in Karachi which was chaired by Saeed Ahmad, Deputy Governor State Bank of Pakistan (SBP) while representatives of the Finance Division, Government of Pakistan, National Bank of Pakistan, Muslim ... Read More »

Appraisement-West urges customs agents to renew licenses

  KARACHI: The Model Customs Collectorate of Appraisement-West has advised all customs agents, whose licenses are due to expire on December 31, to apply for their renewal by October 31. Memorandum No APPG/LA/5-36/2004 dated September 20 issued by Assistant Collector of Customs Akbar Jan said that the customs agents whose licenses for clearing and forwarding of goods and baggage are ... Read More »

Taxpayers denounce delaying tactics of NBP staff

KARACHI: The taxpayers expressed their deep concerns over pathetic performance and delaying tactics of National Bank of Pakistan (NBP), Custom House Branch while submitting Customs Duty and other taxes. While sharing their views with Customs Today, taxpayers showed their anguish as they have been passing through tremendous agony during the holy month of Ramadan. they said,  they have to wait ... Read More »