Tag: bank
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Video: Money Heist-inspired dacoits loot 10 million from Lahore bank
A group of dacoits rushed into a private bank at Barki Road in Lahore and plundered millions in cash on Monday morning before running away, police have confirmed. Five armed men went inside the bank, snatched away the security guard’s weapon and collected over Rs10 million cash.The suspects deprived a customer of Rs4.1m and looted…
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Online theft: FIA busts gang pretending to be bank officials on phone
On Monday, the Federal Investigation Agency (FIA) apprehended a group of fraudulent online criminals who had been involved in a series of online theft cases. The FIA’s Cyber Crimes Circle Rawalpindi reported that six individuals were taken into custody for their involvement in the scams, which used advanced technology and modern gadgets. Six individuals by…
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Sorry, there will be no new currency notes for you this Eid
We will sadly have to spend our Eid this year without getting any crispy brand-new rupee note as Eidi. The State Bank of Pakistan (SBP) on Thursday decided against issuing fresh currency notes on the eve of Eid-ul-Fitr. SBP spokesperson has confirmed that the bank will not issue new notes as the supply-demand gap was…
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Female bank manager resigns after stealing Rs20 million from customer’s account
A recent case of embezzlement has come to light where a woman, who was the branch manager of a private bank in Islamabad, has resigned from her position following allegations of theft of an amount of Rs20 million from a customer. The incident prompted the Federal Investigation Agency (FIA) to take immediate action by registering…
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Pakistan’s forex reserves inch up to $17.05 billion
The State Bank of Pakistan’s (SBP) foreign reserves saw inflows of $36 million in the week ending April 16, 2022, representing a 0.3 per cent increase week over week. According to the SBP weekly update posted on Thursday, the country’s total liquid foreign exchange reserves increased by $16.9 million (+0.1 per cent) to $17.045 billion…
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State Bank of Pakistan hikes interest rate to 12.25% in an emergency meeting
Following an emergency meeting, the State Bank of Pakistan (SBP) raised interest rates by 250 basis points, as mounting political uncertainty and rising worldwide oil prices threaten to drive the country into a full-fledged economic catastrophe. The key rate is now 12.25 per cent, as per the latest statement released by the central bank on Thursday.…
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Nisab amount of zakat deduction set at Rs88,927 for 2022
The nisab amount of zakat for the year 2022 is set at Rs88,927, according to a notification dated March 30, 2022, issued by the Poverty Alleviation & Social Safety Division, Cabinet Secretariat, Government of Pakistan. The account holders, maintaining a minimum of Rs88,927 balance on the first day of Ramzan would be liable to pay…