ISLAMABAD ( Web News ) President Dr Arif Alvi has provided relief to the two victims of bank fraud by ordering Bank Alfalah Ltd (BAL) to refund the defrauded money worth Rs 1.9 million to the respective account holders. The president also ordered the bank to educate its customers aboutRead More →

ISLAMABAD ( Web News ) President Dr Arif Alvi upheld a decision of the Banking Mohtasib of Pakistan (BMP) ordering the Bank of Punjab to refund an amount of Rs 423,556 to the family of a deceased borrower which the Bank had unilaterally and unfairly recovered from the family. TheRead More →

President upholds decision advising NBP to pay PKR 5 lac to fraud victim ISLAMABAD ( Web News ) President of Pakistan Dr Arif Alvi has upheld a decision of the Banking Mohtasib advising the National Bank of Pakistan (NBP) to pay PKR 500,000 to a citizen who had been theRead More →

PRESIDENT DIRECTS BANK TO PAY RS 3.73 MILLION TO WOMAN ENTREPRENEUR ISLAMABAD ( ABRAR MUSTAFA ) President Dr Arif Alvi has accepted a representation of a woman entrepreneur from Sialkot and directed a private bank to pay her the Local Taxes and Levies Drawback (LTLD) worth over 3.73 million PKRRead More →

President upholds banking mohtasib’s decision ordering Soneri Bank to return money ISLAMABAD ( Web News ) President Dr Arif Alvi has rejected the representation, filed by the Soneri Bank Ltd (SBL) against the order of the Banking Mohtasib, and has made the bank responsible to make good the loss ofRead More →

President ordered the banks to credit the lost money to their account holders in fraudulent digital transactions. Petitions with the Banking Mohtasib against Habib Bank and United Bank Ltd (UBL) on inadvertent transactions of Rs 300,000, Rs 750,000 and Rs 250,000 from their accounts, respectively. ISLAMABAD ( Web News )Read More →

ISLAMABAD ( STAFF REPORT ) President Dr Arif Alvi has asked Banking Mohtasib to protect banking consumers from scams and financial losses through effective preventive measures. He said that latest information technology tools needed to be utilized for better service delivery and handling complaints in prompt and efficient manner. HeRead More →