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FCA fines Standard Chartered Bank £102.2 million

London, April 11, 2019: The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed by the FCA. Today’s announcement follows FCA investigations into two areas of…

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BankIslami Pakistan signs MOU with NUST

Karachi, April 11, 2019: BankIslami Pakistan Limited, one of the leading Islamic Banks in the country, has signed a Memorandum of Understanding (MOU) with National University of Sciences & Technology (NUST), one of the leading universities of the country.  The MOU signing ceremony was held at the Head Office of BankIslami Pakistan Limited. BankIslami and NUST…

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FPCCI shows concern on Economic situation

Karachi, April 10, 2019: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) showing serious concern about the economic situation and alleged the federal government for not taking on board for policies. Addressing a press conference here on Wednesday at Federation House, Engr. Daroo Khan Achazai, and President FPCCI regretted that as per past practice, the Government did…

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PIA air hostess went missing

Lahore, April 10, 2019: An airhostess of Pakistan International Airline (PIA) was went missing in Paris yesterday. According to sources, PIA airhostess Shazia was on duty on PIA Paris flight No 733 from Lahore to Paris. However went missing after reaching Paris. When PIA management reached the hotel to locate the air hostess, she was…

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Pakistan Railways increases fares

Lahore, April 10, 2019: Pakistan Railways has announced to increase the fare with effect from April 15. Pakistan Railway has increased the one way fare of Green Line from Karachi to Rawalpindi Rs 7000. In addition, Pakistan Railway has decided to close the newly launched Dhabijee Express. The rain was launched by the federal minister…

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