Bank Account
NCCIA Arrests Prime Suspect in Rs. 35 Billion Fake US Postage Stamp Fraud
The National Cyber Crime Investigation Agency (NCCIA) has arrested Faheem Akram, the prime suspect in a Rs. 35 billion (US$126.8 million) fraud involving the sale…
Private Bank Manager Flees to US After Allegedly Taking Rs800 Million
A private bank branch manager has fled to the United States after taking up to Rs800 million from account-holders under the pretext of investment. Local…
Punjab Moves to Close Health Foundation After 34 Years of Service
The Punjab government has decided to close the Punjab Health Foundation, a self-financed institution that has operated for 34 years, and has sought details of…
Big Depositors Face New Bank Rules and Losses
The State Bank of Pakistan (SBP) has withdrawn the requirement for banks to offer guaranteed profit rates on savings accounts holding Rs10 million or more,…
Rs602 Million Fraud: Court Freezes Account of Prpal.com Crypto Scam Owner
An Accountability Court has frozen the bank account of the prime accused in a cryptocurrency and forex trading fraud case involving hundreds of victims. Judge…
Banks Must Upload Account Data to FBR Hub Under FY27 Bill
The Federal Board of Revenue (FBR) has proposed mandatory electronic data sharing by all banks and Electronic Money Institutions (EMI) to enable algorithmic cross-matching of…
IHC Fines Private Bank for Illegally Blocking Account
The Islamabad High Court (IHC) has ruled that blocking a citizen’s bank account without a verified legal reason is unlawful, ordering a private bank to…
Women’s Active Bank Accounts in Pakistan Rise to 37 Million
The number of women’s active bank accounts in Pakistan has surged from 20 million to 37 million, according to State Bank of Pakistan (SBP) Governor…
SECP & SBP Collaborate for Same-Day Corporate Bank Account Opening
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) are working together on a new initiative aimed at…
BISP to Launch Branch Banking Model Next Month for Faster Disbursements
The Benazir Income Support Program (BISP) is set to launch a pilot project, transitioning to a branch banking model aimed at streamlining disbursements. Initially, the…
A complete guide to opening a Roshan Digital Bank Account
The State Bank of Pakistan recently announced a new banking solution for Non-Resident Pakistanis called the Roshan Digital Account. The initiative, which incorporates 8 leading…
How to open an account at Soneri Bank
Soneri Bank is a Pakistani private bank based in Karachi, the bank was established back in 1992 almost 28 years ago and has its footprint…
How to open an account at BankIslami
BankIslami is a Pakistani bank based in Karachi and received its license under the Islamic banking policy of 2003 to become the first Islamic Bank…
