NBP says PTI statement baseless

The clarification is with reference to the statement issued by Haleem Adil Sheikh, Senior Executive and Vice president of PTI (Sindh), which are deemed baseless and untrue. National Bank of Pakistan (NBP), strongly refutes the baseless acquisitions linked with the serving CEO and President of NBP, Mr.

Read the rest

Bank Alfalah earns PAT of Rs. 8.36 bn

The Board of Directors of Bank Alfalah Limited met in Abu Dhabi under the chairmanship of His Highness Sheikh Nahayan Mabarak Al Nahayan, on Sunday to review the performance of the Bank and approved the financial statements of the Bank for the year ended December 31, 2017.

Read the rest

NBP wins eight corporate social responsibility awards

National Bank of Pakistan (NBP) bagged eight awards at the two prestigious CSR Summit and Award ceremonies, organized in Karachi and Islamabad respectively. Impressed by NBP’s vision and implementation of CSR activities, the two organizations; National Forum for Health and Environment (NFEH) and The Professionals Network (TPN) unanimously acknowledged NBP’s valuable contribution in diversified categories.

Read the rest

Overseas Pakistanis remit US $11.4 billion in the first seven months of FY18

Overseas Pakistani workers remitted US $11383.47 million in the first seven months (July to January) of FY18, showing a growth of 3.55 % compared with US $10993.48 million received during the same period in the preceding year. During January 2018, the inflow of worker’s remittances amounted to US $1638.72 million, which is 4.92% lower than December 2017 and 10.10% higher than January 2017.

Read the rest

UBL and Dow University of Health Sciences collaborate on Cash Management Services

United Bank Limited (UBL) and Dow University of Health Sciences (DUHS) recently signed a memorandum of understanding (MoU) for structured disbursements and collections through UBL’s state-of-the-art, fully automated retail cash management solutions. UBL’s financial solutions are widely used by the educational sector for their innovative product spectrum combined with unmatched customer service and nationwide branch network.

Read the rest

NBP Aitemaad Islamic Banking Sets Foot in Mohmand Agency

President and CEO National Bank of Pakistan, Mr. Saeed Ahmad inaugurated National Bank of Pakistan’s (NBP) Aitemaad Islamic banking branch in Ghalanai, Mohmand Agency. With this move, the bank aims to provide financing facilities to the community based on Islamic modes to strengthen the financial stability in the violence affected region.

Read the rest

NBP and UBL collaborate for offering Digital Financial Services

National Bank of Pakistan (NBP) and United Bank Limited (UBL) inked a Strategic Partnership Agreement for providing NBP customers Digital Financial services, at the signing ceremony that took place at the NBP Head Office.

This Strategic Partnership agreement brings together the largest Government Bank with the pioneers of Digital Financial Services in the country, UBL Omni.

Read the rest

Monetary Policy Statement

Pakistan’s economic growth is on track to achieve its highest level in the last eleven years. Average headline inflation remains within the forecast range of SBP, but core inflation has continued to increase. Fiscal deficit for H1-FY18 is expected to fall close to the last year’s 2.5 percent.

Read the rest

NBP and Islamabad traffic police sign agreement for e-challan & payments

In a grand ceremony in IG Office Islamabad, National Bank of Pakistan and Islamabad Traffic Police (ITP), signed an agreement for E-Challan and payments system in Islamabad Capital precinct. This partnership will enable the issuance of paperless challan to the driver through a hand held smart phone mobile application along with electronic receipt to driver via SMS.

Read the rest