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President Alvi orders MCB to investigate corrupt officials involved in bank frauds ISLAMABAD  (  Web News ) President Dr Arif Alvi has directed the Muslim Commercial Bank (MCB) to investigate and initiate criminal proceedings, including the registration of FIRs, against corrupt bank officials of Gojra Road Branch, Jhang, who wereRead More →

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President Alvi directs refund of Rs 4.1 million to four bank fraud victims Says loss of money occurred due to the reason that the banks made EFT operational without the account holders’ request ISLAMABAD ( Web News ) President Dr. Arif Alvi has directed two private banks to return aRead More →

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MCB Bank Decides To Conduct Due Diligence Of Silk Bank, Informs PSX About Its Decision KARACHI ( Web News ) MCB Bank has decided to conduct the due diligence of the Silk Bank with the intention to acquire the bank. The board of the MCB Bank has given its formal approval to theRead More →

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ISLAMABAD ( Web News ) President Dr Arif Alvi on Thursday upheld the decision of the Banking Mohtasib directing a private bank to credit the lost amount of Rs 800,000 to the victim of bank fraud. Rejecting the representation of the bank against the decision of the Mohtasib, the presidentRead More →

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KARACHI ( Web News ) President Dr Arif Alvi has rejected the appeal of  Muslim Commercial  bank against the decision of the Banking Ombudsman. According to details, the President has rejected the request of  bank for refusing to return the money to the victim of fraud. Dr. Arif Alvi saidRead More →