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National Bank of Pakistan

Assets Reference: Prosecution witness presents Dar’s banking record in court

ISLAMABAD: Prosecution witness Mohammed Azeem produced banking details of the former Finance Minister Ishaq Dar during the hearing of assets reference in the accountability court on Wednesday (today). During his cross-examination by defense counsel, Azeem informed the court that Ishaq Dar issued cheques worth Rs 65.3 million to Hajvery Foundation. On January 22, 2010, the former minister issued a cheque of Rs 0.4 million while on March 1, 2010, another cheque of Rs 0.7 million was issued by him. The prosecution witness…

Panama probe: NBP president alleges JIT members of maltreatment

ISLAMABAD PANAMA PROBE: One more complaint has been lodged against misconduct by the Panama Papers case Joint Investigation Team (JIT) during its hours-long interrogation, this time by National Bank of Pakistan (NBP) President Saeed Ahmad, ARY News reported on Saturday. The NBP president has written a letter to the Supreme Court registrar over the alleged mistreatment by the JIT, probing money trail and offshore properties of the Sharif family in line with Panamgate verdict. Ahmad, in his letter, has alleged the JIT…

NBP eyes Burj Bank, plans due diligence

ISLAMABAD: National Bank of Pakistan (NBP), the country's largest state-owned bank, plans to conduct due diligence on Islamic lender Burj Bank subject to regulatory approval, according to a filing with the Karachi stock exchange.