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US Fines Hit Pakistani Bank’s Shares in New York

U.S. financial regulators have fined the New York branch of the National Bank of Pakistan (NBP) more than $55 million for anti-money laundering violations and compliance deficiencies.The fines by the Federal Reserve Board and the New York’s Department …

General

President lauds role of women in progress of Pakistan

President Dr. Arif Alvi has lauded the role of women in the progress of Pakistan.Addressing the ceremony of Women Leaders Awards in Islamabad tonight, he said the role of women has increased in the modern era due to the facility of work from home.He sa…

General

SBP Reserves Plunge by $289 Million Due to Debt Servicing

Foreign reserves held by the State Bank of Pakistan (SBP) witnessed outflows of $289 million in the week that ended on February 18, 2022.The central bank’s weekly report released on Thursday revealed that the country’s total liquid foreign exchange res…