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Make money by choosing the right bank

Find out how in the video

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July 8, 2019


10 years imprisonment, Rs5m penalty proposed to curb money laundering

NA panel opposes Anti-Money Laundering (Amendment) Bill, 2019

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May 2, 2019


Asad Umar committed to bringing PayPal to Pakistan

PayPal is an online money transfer system used to make payments

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February 11, 2019


Opposition submits requisition for KP Assembly session

The agenda selected by the opposition includes a debate on the financial position of the province, among other topics

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January 21, 2019


After downturn, Islamic finance eyes profits, fintech: survey

Islamic banks and insurers are focusing on profitability and new financial products as the industry shifts away from years of containing the adverse impact of low oil prices, an industry body said on Wednesday. The findings from surveys by the Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) show a strong focus on…

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May 2, 2018


Labourers, unskilled workers refuse to put faith in budget 2018-19

KARACHI: Labourers haven’t placed much faith in the government as far as budget 2018-19 is concerned. Faisal Kareem speaks to some labourers and unskilled workers who share their thoughts on the upcoming budget.  “All the government does in the budget is make tall claims about how they’re going to spend the money. Nothing for the…

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April 26, 2018


Pakistan regulator to adopt 7 new Islamic finance standards

ISLAMABAD: Pakistan’s capital market regulator will introduce seven new standards covering a variety of Islamic finance transactions, as it fast-tracks the adoption of rules to help streamline industry practices. The Securities and Exchange Commission of Pakistan (SECP) said it had opened a two-week public consultation period for the standards, which are to be issued by…

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April 11, 2018


Twitter bans cryptocurrency ads on fraud fears

SAN FRANCISCO: Twitter on Monday announced a ban on ads for initial offerings of cryptocurrency or sales of virtual currency tokens, sending the value of bitcoin diving below $8,000. Twitter followed the lead of Google and Facecook, which earlier this year cracked down on digital currency ads to protect users from being duped. “We are…

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March 27, 2018


Cyberattacks are costly, things could get worse: US report

WASHINGTON: Cyberattacks cost the United States between $57 billion and $109 billion in 2016, a White House report said Friday, warning of a “spillover” effect for the broader economy if the situation worsens. A report by the White House Council of Economic Advisers sought to quantify what it called “malicious cyber activity directed at private…

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February 17, 2018


No discrimination against companies regarding rescheduling of loans: SBP

ISLAMABAD: Senate Standing Committee on Finance and Revenue Thursday was informed that no discrimination was made against any company regarding rescheduling of loans and that State Bank of Pakistan was not dictating banks in this regard. Discussing the agenda on discriminatory treatment being meted out with some private companies namely Omni Group, Pale etc, Deputy…

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February 1, 2018


US adds six Taliban, Haqqani financiers to sanctions blacklist

WASHINGTON: The US warned Pakistan Thursday to do more to crack down on the Taliban and Haqqani groups, as it added six officials from the groups to its sanctions blacklist. The Treasury said five of the six were in charge of raising and transferring funds as well as equipment and materials to support the operations…

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January 26, 2018


Govt to review matters for Pak-Afghan trade promotion

ISLAMABAD: Advisor to Prime Minister on Finance, Dr. Miftah Ismail said Thursday that the government wanted to promote trade with Afghanistan and was ready to review the matter in consultation with all the stakeholders, with a view to find a solution, favourable for bilateral trade. The advisor was talking to a joint delegation of Pak-Afghan…

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January 12, 2018


CPEC finances are not limited to loans only: Spokesperson Planning Ministry

ISLAMABAD: Ministry of Planning, Development and Reforms Tuesday said no preferential treatment had been extended to Chinese Companies in energy sector projects; executed in Independent Power Project (IPP) mode as per policy of Government of Pakistan for the last 15 years that catered the needs of all private power producers and investors. “Incentives offered under…

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January 9, 2018


People’s love with Nawaz Sharif could not be removed: Miftah

ISLAMABAD: Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, Dr Miftah Ismail Friday said love and affection of the people with former prime minister Muhammad Nawaz Sharif that could not be removed from their hearts. Talking to PTV, he said Muhammad Nawaz Sharif was still most popular leader among the masses, who…

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December 29, 2017


Miftah Ismail appointed as Advisor to PM on Finance, Revenue, Economic Affairs

ISLAMABAD: President Mamnoon Hussain on Tuesday appointed Miftah Ismail as Advisor to the Prime Minister on Finance, Revenue and Economic Affairs, with the status of Federal Minister, with immediate effect. The President made this appointment in exercise of the powers conferred by clause (1) of Article 96 of the Constitution of the Islamic Republic of…

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December 26, 2017


Jinnah International Airport twice used for issuance of domestic Suskuk bonds: Senate told

ISLAMABAD: Minister for Law and Justice Zahid Hamid on Thursday apprised the Senate that Jinnah International Airport has twice been used for issuance of domestic Sukuk bonds and raised Rs 314.3 billion through it for budgetary support. Responding to various questions during Question Hour on behalf of Minister for Finance, he said the Jinnah International…

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November 2, 2017


PPP submits notice against suspension of PIA flights to US

ISLAMABAD: Pakistan People’s Party (PPP) has submitted an attention calling notice in the National Assembly over the suspension of Pakistan International Airlines (PIA) flight operations to the United States of America, Samaa reported. In the notice, PPP has stated that the 0.5 million Pakistanis will be directly affected by the suspension of the flight operations….

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October 30, 2017


Regulatory duty imposed on 731 items including consumer goods

ISLAMABAD: The Ministry of Finance passed a notification on Tuesday, announcing the imposition of regulatory duty on 731 items most of which were consumer goods.  Duty was imposed on imported chicken, meat, fish and dairy products. Duty was also imposed on fruits such as mangoes, guavas, avicados and pineapples. Duty was also imposed on toothbrushes,…

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October 17, 2017


Uber hikes Hong Kong fees amid legal troubles

HONG KONG: Uber Technologies Inc UBER.UL hiked on Monday its Hong Kong fees by up to 80% after a review of its business there, the embattled ridesharing company said, adding it was not having issues financing its operations in the Asian financial hub, reported Reuters. The San Francisco-based technology company, which recently suspended its services…

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August 21, 2017


Britain says will not stay in EU via ‘back door’

LONDON: After weeks of feuding, two key figures in Britain’s cabinet came together Sunday to say any post-Brexit transition would not be a “back door” to continued European Union membership. Finance minister Philip Hammond, who favours a softer, pro-business Brexit, and International Trade Secretary Liam Fox, a hardline supporter of Britain leaving the EU, have…

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August 13, 2017


2700 Pakistanis received Rs 102 bn in gifts: FBR

ISLAMABAD: The Federal Bureau of Revenue (FBR) on Tuesday made a shocking disclosure during a session of the Senate Committee on Finance that 2,700 Pakistanis received Rs 102 billion in gifts.  According to details, the said persons who received hefty amounts have been sent notices as an investigation has been launched to probe the matter….

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July 18, 2017