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bank

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Court stops fake bank accounts case against President Zardari

  • 2 min
Banking court stops fake bank accounts case against President Asif Ali Zardari, citing presidential immunity. Counsel's plea was accepted, halting the proceedings and granting Faryal Talpur exemption from appearing. Further hearing adjourned until June 9. Article 248 (2) was cited, safeguarding the president from legal proceedings during his term.
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Turkey central bank keeps key interest rate unchanged

  • 2 min
Turkey's central bank has maintained its key interest rate at 50 percent for the second consecutive month, despite the country grappling with surging inflation. The bank remains vigilant of inflation risks and is poised to tighten monetary policy if needed. The government has also announced a three-year austerity plan to curb public spending and combat inflation.
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FBR rolls back decision to freeze PIA`s bank accounts

  • 2 min
On Thursday, the Federal Board of Revenue (FBR) rescinded its decision to freeze Pakistan International Airlines' (PIA) bank accounts. However, the FBR clarified that this reversal did not hinder its pursuit of recovery proceedings, underscoring a challenging financial predicament for the national carrier.
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Bank Deposits Soar to New Historic High

  • 1 min
Bank deposits have risen to a new historic high of Rs26.398 trillion, recording a 17.8% growth in October 2023 due to high interest rates, according to the State Bank of Pakistan (SBP).