Business articles

Top UK bank closes Muslim group accounts providing aid for Gaza |

Top UK bank closes Muslim group accounts providing aid for Gaza

Top UK bank closes Muslim group accounts providing aid for Gaza

LONDON: Amid the actions taken by Western companies after the beginning of Gaza tragedy, UK multinational bank H.S.B.C has refused many Muslim groups and closed a number of bank accounts belonging to Muslim groups.


NAB ready for another big bang against scammers

ISLAMABAD: National Accountability Bureau (NAB) has decided to submit two more references in Mudarba Fraud scandal. According to the NAB spokesperson, investigations are under process against people who are involved in Mudarba scandal. Spokesman further said that the first reference will be against Ghulam Rasool Ayubi, Muhammad Imran, Hussain Ahmed and Muhammad Khalid have been


SBP keeps policy rate unchanged at 10%

KARACHI: The State Bank of Pakistan has maintained its policy rate for the forth time in the 2014 unchanged at 10 percent citing its rationale behind the decision for mitigating risks to stabilize macroeconomic indicators and control inflation rate.  The policy rate was last hike by 50 basis points to 10 percent in November 2013.


AJK’s development projects likely to be completed by 2015

ISLAMABAD: Earthquake Reconstruction Rehabilitation  Authority ( ERRA) and Chinese construction company high delegation agreed and to gear-up  their  work  to complete Rs. 34 billion cost  205 City Development Projects in Muzaffarabad, Bagh and Rawalakot, AJK. Chinese Five member high level delegation led by Chief Engineer Mr. Chen Xianming called on Deputy Chairman ERRA Maj. Gen.


Stocks in Portugal’s biggest bank BES suspended amid crisis

Portugal’s market regulator on Thursday halted trading in shares in the country’s biggest bank Banco Espirito Santo after they plunged over allegations that its parent company covered up a 1.3 billion euro hole in the accounts. Trading was suspended ahead of “important information” to be published by BES, the market regulator said. Shares (Frankfurt: DI6.F - news) in