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Why putting your savings into a small bank can be more profitable

Smaller banks want to grow and for that they need your money

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Every Pakistani to pay Rs127,000 as national debt rises 21% in a year

The national debt stands at $190 billion as of November 2018

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Dollar stable for now, but likely to go up this year

The dollar may become more expensive if forex reserves are not increased

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Barcelona top global sports pay league, says report

Average annual basic salary was over £10.45 million

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Hackers steal Rs2.6m via debit cards issued by Bank Islami

The bank has put the money back into the accounts and has stopped international transactions

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It ain’t easy (or cheap) to get elected in Pakistan

If you want to become an elected representative and aren’t a millionaire, then we’ve got some bad news for you. Most politicians spend millions of rupees on their campaigns. The ECP capped expenditure on election campaigns at Rs2 million for provincial assembly candidates and Rs4 million for National Assembly candidates this year. Saturday (August 4)…

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50 people have already lost their cars in this rental car scam

Car owners beware — there is a new scam in Karachi. People are renting cars, saying they are working on CPEC, and then disappearing with the vehicles. The cars are taken from Karachi to Balochistan and then never come back. According to the police, transport companies are renting a large number of cars as part…

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Watch: It’s raining rupees and ringgit? Victorious candidate tosses bills in the air

A PTI candidate won the election in Mandi Bahauddin and his arrival in his constituency was celebrated by tossing money and rose petals in the air. But it wasn’t just rupees that were tossed about; mixed in were Malaysian one ringgit notes as well. One Malaysian ringgit is equal to Rs31.

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Judge lets anti-corruption case against Trump move forward

A lawsuit that accuses President Donald Trump of violating the constitution by maintaining his interest in a hotel that does business with foreign governments has been allowed to proceed by a US judge.

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Bilour’s widow refuses compensation, says his cause was greater than money

The widow of Haroon Bilour returned the Rs0.5 million compensation cheque issued to her by the Khyber Pakhtunkhwa government. She said her husband sacrificed his life for a far greater cause than money. The provincial government has issued a compensation cheque of Rs0.5 million to Bilour’s heirs. He was killed in a suicide bomb blast…

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You have one more month to declare foreign assets without any penalties

The president has extended the tax amnesty scheme for another month, so Pakistanis now have until July 31 to declare foreign assets without any penalties. The move is an opportunity to increase the tax received by the Federal Board of Revenue (FBR). President Mamnoon Hussain extended the scheme on the request of the interim finance…

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Sadqa-e-Fitr fixed at Rs 100 per head

The minimum amount of Sadqa-e-Fitr has been set Rs100 rupees per person this year, said Chairman Ruet-e-Hilal Committee Mufti Muneeb-ur-Rehman. Mufti Muneeb advised the people to pay the amount to the poor before Eid ul Fitr so that they could also celebrate the festival. Sadqa-e-Fitr is an amount of charity in the form of staple…

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Fake policeman arrested from Karachi

KARACHI: A fake policeman in Karachi was arrested on charges of taking money from the public in order to get their National Identity Card made. Suspect Adnan Kareem used to collect a sum of Rs. 10,000/- from each person who wanted to get their identity card made. He used to get his personal work done…

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China’s ‘super rich’ legislators get richer

NEWS DESK: The Chinese Communist Party’s annual legislative session will count more than 150 “super rich” members whose total net worth has soared to $650 billion, or double Ireland’s annual GDP, a report showed Friday, reported AFP. From internet tycoons to real estate barons and auto industry leaders, some of the wealthiest people in the…

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SC forms committee to prepare legal guidelines for retrieval of money from abroad

ISLAMABAD: The Supreme Court on Thursday formed a three-member committee to prepare Terms of Reference (TORs) that could help the government to recover money smuggled out of the country and deposited in foreign countries’ accounts. According to details, the committee will be headed by the State Bank of Pakistan (SBP) Governor Tariq Bajwa and comprising…

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Trump lawyer arranged pre-election hush money for porn star: report

President Donald Trump’s personal attorney arranged a $130,000 payment to a former porn star before the 2016 election to keep her from going public about an alleged sexual encounter with Trump, The Wall Street Journal reported Friday. A White House official categorically denied the report in which the woman, Stephanie Clifford, says she met Trump…

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DG Punjab Rangers distributes cash among Tehreek Labbaik members

Pakistan Rangers Punjab DG Maj-Gen Azhar Naveed hands out envelopes with a token Rs1000 as bus fare to members of Tehreek-e-Labbaik Ya Rasul Allah who were recently released from detention following the government’s agreement with the protesters.  “Aren’t we also with you?” says Maj-Gen Azhar Naveed when told by a Tehreek-e-Labbaik’s member that his party…

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US sanctions ‘network’ accused of forging money for Iran

WASHINGTON: The United States on Monday imposed sanctions on a network individuals and companies accused of forging money to help Iran’s Revolutionary Guards, officials announced. The sanctions targeted four companies and two individuals involved in printing counterfeit Yemeni currency to benefit Iran, including Iranian national Reza Heidari and Mahmoud Seif, whose nationality was not given,…

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