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Banks to deduct Zakat today

KARACHI: The State Bank of Pakistan will remain closed for public dealings on 1st Ramazan-ul-Mubarak 1439 A.H.(today), which being observed as ‘Bank Holiday’ for the purpose of deduction of Zakat. All banks/Development Finance…

Chinese banks halt transactions for North Koreans

BEIJING: Branches of China's biggest banks have suspended financial transactions for North Koreans, employees told AFP, suggesting that Beijing has pursued stronger measures against its nuclear-armed ally than previously thought. Staff…

EU banks at risk from bad loans, low profit: regulator

LONDON: The greatest risks facing European Union banks are high levels of bad loans and lower profitability, the bloc's financial regulator said in a report Friday. The European Banking Authority said that while EU-wide lenders had…

India ATM reset to take ‘weeks’: minister

NEW DELHI: India's cash machines will take several weeks to reset with new bills, India's finance minister said Saturday, as public anger mounted over a decision to pull the highest denomination notes from circulation. People queued…