Meezan Bank customers are facing a surge in unauthorised transactions, with reports circulating on social media about debit and credit cards being charged on various websites without consent. In response, Meezan Bank has issued a customer advisory, advising them to avoid untrusted websites, refrain from using public Wi-Fi for banking transactions, and remain vigilant against phishing attempts.
Pakistan has taken a $300 million commercial loan at interest rates ranging from 7.2% to 7.7% - the first new non-Chinese financing facility in years, which will help meet external financing requirements of the International Monetary Fund (IMF) programme. Government sources said that the country had taken a foreign source-based loan from United Bank Limited (UBL). The bank has arranged the faci
Equities fell like ninepins on heightened nervousness amid rising political noise and missile programme-related US sanctions on Pakistani companies, sending investors rushing off to dump stocks and book profit for the third straight session on Thursday, inflicting an unprecedented single-day loss to the benchmark KSE 100 index. In contrast to the global market performance, the local bourse witn
The FBR will have authority to impose restrictions on unregistered individuals. Unregistered persons may face bans on operating bank accounts, transferring immovable property or running businesses. Banking transactions for unregistered persons will be restricted. High-risk individuals’ banking and tax data will be shared. Restrictions will apply to vehicle purchase, registration and bo
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