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MONEY LAUNDERING

Intelligence-sharing: FD to ink MoU with FMU and FIU of Belarus

ISLAMABAD: The Finance Division would sign memorandum of understanding (MoU) with Financial Monitoring Unit and...

Updated 26 Nov, 2024 09:35am

Business & Finance

Country urged to enhance AML/CFT framework

ISLAMABAD: The International Monetary Fund (IMF) has urged Pakistan for continued enhancements in the Anti-Money...

Published 12 Oct, 2024 07:45am

Business & Finance

Fed terminates 2013 money-laundering enforcement action against Citigroup

WASHINGTON: The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed...

Published 02 Oct, 2024 06:19am

Editorials

Rise in trade-based money laundering

EDITORIAL: An Asian Development Bank (ADB) report revealed that Pakistan’s monthly trade-based money laundering...

Updated 16 Sep, 2024 07:33am

BR Research

Remittances galore from UAE

Despite the month-on-month decline in remittances in June and July this year, remittances have remained on the...

Published 13 Aug, 2024 06:44am

Nine iron, steel importers laundered money

KARACHI: Some nine iron and steel importers have been caught in a massive money laundering worth a staggering Rs 9.7...

Updated 10 Aug, 2024 04:23pm

World

Global watchdog adds Monaco to money laundering ‘grey list’

PARIS: Global anti-money laundering watchdog the Financial Action Task Force (FATF) said Friday it had added Monaco...

Published 29 Jun, 2024 06:40am

World

Turkiye removed from FATF money laundering grey list in boost to standing

ANKARA/PARIS: The international crime watchdog Financial Action Task Force (FATF) removed Turkiye from its “grey...

Published 28 Jun, 2024 05:42pm

World

Anti-money laundering watchdog FATF says India in compliance with its rules

NEW DELHI: A global anti-money laundering watchdog said on Friday that India had largely complied with its rules,...

Published 28 Jun, 2024 05:27pm

Business & Finance

Binance’s CEO Zhao faces sentencing over money laundering violations

NEW YORK: The former chief executive of Binance, the world’s largest cryptocurrency exchange, could face years in...

Published 01 May, 2024 04:14am

Opinion

Corruption, justice and accountability

Pakistan’s ranking on the global Corruption Perceptions Index (CPI), announced this week by the Berlin-based...

Published 03 Feb, 2024 05:46am

World

Malaysia halves jail sentence of ex-prime minister Najib

KUALA LUMPUR: Malaysia halved the jail sentence on Friday of former premier Najib Razak, who was convicted of graft...

Published 02 Feb, 2024 02:38pm

BR Research

Interview with Hazem Mulhim, CEO-Eastnets

‘Pakistan is an emerging and important market for the financial sector’ Hazem Mulhim is the founder and CEO at...

Published 18 Dec, 2023 07:15am

Pakistan

PBA conducts training session on trade-based money laundering

KARACHI: Delivering upon its commitment to further strengthen the financial sector against local and global trade...

Published 01 Dec, 2023 04:43am

Pakistan

Solar panel scams: PCA facing hardships in pursuing probes

KARACHI: The Post Clearance Audit (PCA), South, Karachi is facing serious hardships in pursuing multiple major...

Published 26 Nov, 2023 03:31am

Pakistan

Directorate of I&I: ‘IOs not following SOPs for issuing call-up notices to money launderers’

LAHORE: The Investigating Officers (IOs) of the Directorate of Intelligence and Investigation (I&I) Inland...

Published 23 Nov, 2023 03:19am

AML Act: Prior conviction not necessary for predicate offence proceedings

LAHORE: Prior conviction of an accused for the predicate offence is not a prerequisite for initiation of proceedings...

Updated 19 Nov, 2023 10:19am

Pakistan

Money laundering: Farah possesses Vanuatu passport?

LAHORE: Investigations have revealed that former first lady Bushra Bibi’s close friend, Farhat Shehzadi alias ...

Published 13 Nov, 2023 06:31am

Business & Finance

Cash transactions at BB locations: Biometric verification of accountholders a must: SBP

KARACHI: The State Bank of Pakistan (SBP) has made Biometric Verification (BV) of accountholders mandatory for all...

Published 26 Oct, 2023 06:08am

Anti-Benami Adjudicating Authority becomes dysfunctional

ISLAMABAD: The Anti-Benami Adjudicating Authority has become dysfunctional and cannot adjudicate/finalise references...

Updated 18 Oct, 2023 08:43am

Business & Finance

Money laundering: ‘Taxpayers prefer to challenge jurisdiction of income tax department’

LAHORE: Taxpayers involved in money laundering prefer to challenge the jurisdiction of the income tax department...

Published 14 Oct, 2023 05:32am

World

Money laundering probe: Singapore arrests 10 foreigners, seizes S$1bn assets

SINGAPORE: Singapore police have arrested 10 foreigners for alleged money laundering and forgery offences, in a case...

Published 17 Aug, 2023 03:49am

Opinion

New AML/CFT Authority

The series of challenges faced by Pakistan has no end. Besides political and economic hurdles, Pakistan’s most...

Published 11 Aug, 2023 05:17am

Opinion

A commentary about AML Act

AML Authority law, The Parliament legislated on July 3, 2023, the National Anti-Money Laundering and Counter...

Updated 10 Aug, 2023 07:13am

Money laundering, terror financing challenges: Senate passes law to establish authority

ISLAMABAD: A day after getting approval from the National Assembly, the Senate on Friday passed a law amid...

Updated 05 Aug, 2023 09:52am

World

Son of Colombia President Petro arrested in money laundering probe

BOGOTA: Nicolas Petro, son of Colombian President Gustavo Petro, has been arrested as part of an investigation into...

Published 29 Jul, 2023 06:52pm

Pakistan

Money laundering, assets beyond means case: PM, Hamza and 10 others acquitted

LAHORE: An accountability court on Thursday acquitted Prime Minister Shehbaz Sharif, his son Hamza Shehbaz and 10...

Published 21 Jul, 2023 06:38am

Opinion

PARTLY FACETIOUS: A beleaguered economy

“Sad that!” “What? The state of the economy? The fact that simply getting a Fund program is the narrative, a...

Published 12 Jul, 2023 06:39am

Rs69.5bn money laundering unearthed in solar panel imports

KARACHI: The Directorate of Post Clearance Audit (PCA) South has uncovered massive money laundering in the solar...

Updated 11 Jul, 2023 09:51am

Pakistan

PM Shehbaz’s son Suleman acquitted in money laundering case

An accountability court in 2019 had issued non-bailable warrants for the arrest of Suleman

Updated 10 Jul, 2023 05:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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