Gold plays steady

Gold plays steady

LONDON: Gold held steady on Thursday as opposition within Britain’s Conservative Party to a draft EU exit deal hit sterling and lifted the dollar, making bullion less attractive for holders of other currencies. Spot gold, which rose 1 per cent in the previous session, was little changed at $1,211.19 per...

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State Bank of Pakistan reiterates not to share personal details on fake calls

State Bank of Pakistan reiterates not to share personal details on fake calls

SBP advises people not to share personal information like CNIC number, bank account number, password, etc. on fake calls from individuals impersonating as officials of SBP. Public is advised to inform such incident to law enforcement agencies and approach their banks immediately in case of any loss arising due to...

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Gang involved in telephonic cyber fraud arrested

Gang involved in telephonic cyber fraud arrested

GUJRANWALA: A key member of a group involved in telephone banking fraud was arrested from Hafizabad late Monday night. As per Federal Investigation Agency (FIA) officials, the group was involved in scamming people and withdrawing millions from over 60 bank accounts in Gujranwala region. The key group member, Shabbir, was...

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Cyber fraud: Resident of Muzaffargarh loses nearly Rs0.7 million from bank account upon sharing sensitive information

Cyber fraud: Resident of Muzaffargarh loses nearly Rs0.7 million from bank account upon sharing sensitive information

MUZAFFARGARH: An unsuspecting resident of Muzaffargarh was left in shock when he discovered he had lost nearly Rs0.7 million from his bank accounts. The man, who hails from Jatoi area of the city, said he received a phone call from a toll-free number and was asked to share his bank...

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Overseas Pakistanis remit US $7.4 billion in the first four months of FY19

Overseas Pakistanis remit US $7.4 billion in the first four months of FY19

Overseas Pakistani workers remitted US $7419.98 million in the first four months (July to October) of FY19, compared with US $6,444.46 million received during the same period in the preceding year. During October 2018, the inflow of worker’s remittances amounted to US $2000.47 million, which is 37.7% higher than September...

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Shaheen Air, Saudi prince clinch deal, finalize acquisition deal

Shaheen Air, Saudi prince clinch deal, finalize acquisition deal

KARACHI: After Riyadh’s assurance to Pakistan of a $6-billion assistance package, a Saudi prince is now keen to rescue the country’s second largest airline, Shaheen Air International, from the financial crisis. Shaheen Air has finalized a deal with a Saudi prince. The takeover is likely to happen over the course of...

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CAA seals Shaheen Air offices across Pakistan

CAA seals Shaheen Air offices across Pakistan

KARACHI: The Civil Aviation Authority (CAA) on Wednesday sealed all the offices of Shaheen Air, sources said, including its head office in Karachi. The sources said the head office was sealed by the CAA’s airport manager. Employees of the private airline could also not take along their belongings in the...

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Retired scientist recovers Rs2.7mn amid cybercrime in Pakistan

Retired scientist recovers Rs2.7mn amid cybercrime in Pakistan

ISLAMABAD: A retired scientist from whose account Rs2.7 million had mysteriously vanished earlier this week was given the money back on Wednesday. Dr Yousuf Khilji was given the money after the Federal Investigation Agency (FIA) sent a notice to the concerned bank. On Monday, the retired scientist was left searching...

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FIA cyber-crime chief: “data from almost all major Pakistani banks stolen”

FIA cyber-crime chief: “data from almost all major Pakistani banks stolen”

ISLAMABAD: The Federal Investigation Agency’s (FIA) cyber-crime chief set off alarm bells on Tuesday when he revealed that customers’ data from “almost all major Pakistani banks” was stolen in a recent security breach. “Almost all banks’ data has been breached. According to the reports that we have, most of...

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Asad Umar: “Not only on a financial package, talks are also being held with China on long-term partnership and investment”

Asad Umar: “Not only on a financial package, talks are also being held with China on long-term partnership and investment”

Finance Minister Asad Umar said on Monday that talks were held with China for a relief package and the two sides agreed on continuing discussions in this regard. While addressing media, Umar added that figures published about the possible package in some foreign media are mere speculation. Foreign media is...

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