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Tag: banking

The Council of Islamic Ideology (CII) on Wednesday declared the withholding tax imposed on bank transactions un-Islamic
Pakistan
  • Web Desk
  • Sep 24, 2025
Withholding tax on bank transactions is un-Islamic, says CII

In its ruling, the CII said the collection of withholding tax on the money that customers withdraw from banks was unfair.

Misprinted banknote Rs1000
Business
  • Web Desk
  • Mar 12, 2024
NBP official discovers misprinted Rs1,000 banknotes with blank sides

A branch of the National Bank of Pakistan (NBP) has reported a concerning incident involving misprinted currency notes of Rs1,000.

Pakistani bank deposits increase
Business
  • Web Desk
  • Mar 06, 2024
Banks in Pakistan record 1.26% increase in monthly deposits

The total deposits held by scheduled banks in Pakistan have witnessed a robust year-over-year increase of 21.66 per cent.

Pakistani bank deposits
Business
  • Web Desk
  • Feb 26, 2024
Banks see 21% increase in overall deposits, surpassing Rs27 trillion

The total deposits held by scheduled banks in Pakistan witnessed a surge of 21.03 per cent, reaching Rs27.54 trillion.

Economic outlook report
Business
  • Web Desk
  • Dec 28, 2023
Jul-Oct 23: revenues surge, deficit shrinks; but there’s a catch

Pakistan’s current economic model is not working since it has fallen behind its peers, said World Bank Country Director Najy Benhassine.

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