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630 million

US regulator seeks to fine Pakistan’s HBL up to $630 million

ISLAMABAD: The New York State Department of Financial Services (DFS) is seeking to fine Pakistan's Habib Bank nearly $630 million over what it calls "deficiencies relating to compliance with state and federal laws" at the bank's only US branch, ARY News reported on Monday. The move is being termed as an attack on Pakistan's financial institutions after US President Donald Trump's August 22 speech, in which he overlooked Pakistan's sacrifices in war on terror and instead accused Pakistan of "sheltering terrorists".…