Business : Pakistan Government Restricts Smuggling-in and Dollar Outflows

Pakistani bank’s ex-chief fights extradition
A naturalized U.S. citizen, who headed one of Pakistan’s largest banks and is fighting extradition to that country in a $10 million fraud case, said on Monday he has been threatened by Pakistani officials and is a victim of political persecution — two factors the State Department must consider under its own regulations before agreeing to return him. Hamesh Khan also said in court filings that …

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Changing Pakistani lives: a result of our war
The far-reaching consequences of the U.S.’s war on terror. It is hard for us Americans to imagine living in a war zone. In the history of the U.S., we have only been attacked by outsiders few times – most recently during World War II at Pearl Harbor and the Sept. 11 attacks. Many of us do not feel [...]

Read more on The Rebel Yell

National Bank of Pakistan Aims to Tap ‘War Chest’ of Bad Debts
National Bank of Pakistan, the lender with the highest loan delinquency ratio in the nation, plans to boost profit by recovering more funds from borrowers as an economic slowdown and terror attacks damp growth prospects.

Read more on BusinessWeek

Pakistan govt restricts smuggling-in and dollar outflows
Pakistan govt restricts smuggling-in and dollar outflows

Read more on MENAFN

Business : Pakistan Government Restricts Smuggling-in and Dollar Outflows
Pakistan government and the central bank are now deeply engaged in stemming the tide of smuggling-in and dollar outflows to shore up the external balances.

Read more on Khaleej Times

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