SBP Fines 6 Banks for Violating Rules
July 27, 2023
3:58 pm
The State Bank of Pakistan (SBP) has fined six large commercial banks a total of Rs. 350.7 million for violations of its rules and regulations from April to June 2023.
The State Bank of Pakistan (SBP) has fined six large commercial banks a total of Rs. 350.7 million for violations of its rules and regulations from April to June 2023.
Hundreds of thousands of students across Punjab are eagerly awaiting the announcement of the 10th class annual exam results, which is scheduled for 31st July. Pakistan International Airlines (PIA) is encountering financial difficulties due to the Federal Board of Revenue (FBR) taking action against the non-payment of taxes, totaling over Rs2 billion. Last year, 53 of the airline’s bank accounts were frozen as a response to the outstanding tax dues.
Hundreds of thousands of students across Punjab are eagerly awaiting the announcement of the 10th class annual exam results, which is scheduled for 31st July.
A troubling event occurred at the National Database and Registration Authority (NADRA) office in Narowal, in which a NADRA employee reportedly raped a young girl who had come to the institution to collect her computerised national identity card.
The Pakistan Meteorological Department (PMD) has reported that monsoon currents from the Arabian Sea are continuously affecting the country, and there is also a presence of a westerly wave in the upper and central regions. As a result, rainfall, wind-thundershowers (including heavy falls in some areas), and occasional gaps are expected in several parts of the country from 27th to 30th July.
Afiniti, a renowned global technology company specializing in AI solutions with a software development hub in Pakistan, has reportedly taken legal action against three former employees based in Pakistan. The company has filed a case in the Sindh High Court, accusing these individuals of misusing confidential information and breaching confidentiality.
The controversy involving 5,500 offensive videos of female students at Islamia University Bahawalpur has been revealed. Chaudhry Tariq Bashir Cheema, an elected MNA from Yazman, Bahawalpur, as well as the central secretary-general of the Muslim League-Q and a federal minister, learned that his son had become addicted to Ice (Methamphetamine) and was blackmailing hundreds of female students at the Islamic University Bahawalpur.
On Wednesday, Punjab health department officials took action against Senator Dr. Zarqa Taimur’s clinic in Lahore. The clinic was sealed due to the discovery of dengue larvae on the premises.
Pakistan’s hunger crisis continues to be a pressing concern as per the recently published Global Hunger Index (GHI), where the country holds the 99th position among 121 countries with sufficient data for the 2022 scores. With a score of 26.1, Pakistan faces a serious level of hunger, underscoring the severity of the situation.
In the financial year 2022-2023, Pakistan’s export of arms and ammunition experienced a remarkable growth, increasing by a staggering 30 times compared to the previous year. According to data released by the State Bank of Pakistan (SBP), export receipts under arms, ammunition, parts, and accessories reached $415.650 million in FY2023, compared to just $13.215 million in the previous year, marking a substantial year-on-year increase of 3,045 percent.
Faisalabad’s City Police Officer (CPO), Usman Akram Gondal, has taken action by suspending Station House Officer (SHO) Gulberg in response to accusations made by Madam Saima Kanwal during a press conference at the Faisalabad Press Club.
An inquiry has been launched against four officers of the recently renamed Dolphin Force in Islamabad following accusations of harassment from families in public spaces. The Station House Officer (SHO) lodged an official complaint on behalf of the affected families.
