Latest Summit Bank Limited Headlines and News updates

Summit Bank's name changed to Bank Makramah Limited

Summit Bank Limited on Tuesday convened its Extraordinary General Meeting (EOGM), where the shareholders granted their consent on the name of the Bank to be changed from 'Summit Bank Limited' to 'Bank Makramah Limited'

Speakers term Islamic finance system as solution to economic problems of country

Religious scholars and experts on the economy termed the Islamic financial system as a solution to the economic problems of Pakistan and stressed the need for legislation and academic research on conversion of the traditional financial system into an interest-free economy

Prominent businessman from UAE calls on Acting Governor Sindh

Vice Chairman, Nasser Abdulla Lootah Group, a prominent businessman from UAE and a sponsor of Summit Bank, Abdullah Nasser Lootah called on the acting Governor of Sindh, Agha Siraj Khan Durrani at Sindh Governor's House on Friday

Court reserves decision in Park Lane reference against former president Asif Ali Zardari

An Accountability Court (AC) on Wednesday reserved its judgment regarding its jurisdiction in Park Lane reference against former president Asif Ali Zardari under NAB amendment act 2022

Chief Justice of Pakistan forms five benches for next week

Chief Justice of Pakistan (CJP) Gulzar Ahmed has constituted two benches at the principal seat Islamabad, two benches at Karachi Registry and one bench at Lahore Registry to hear a number of important cases during the next week, starting from Monday

Municipal committee names 8 roads of Qasimabad after Jinnah, Bhutto, other personalities

The Municipal Committee Qasimabad here Wednesday notified eight roads in Qasimabad taluka, denominating the longest road Wadhu Wah as Quaid-e-Azam Road. According to the notification, the road connecting Naseem Nagar to Sehrish Nagar has been named as Shaheed Zulfiqar Ali Bhutto road while a road stretching from Hussainabad to Kotri bridge as Sir Shahnawaz Bhutto road

Beneficiaries on bail while staffers in custody in Park Lane Tower reference; counsel for accused argues in Supreme Court

Supreme Court (SC) Friday adjourned hearing of the bail pleas, filed by two accused allegedly involved in money laundering for ten days

NAB court reserves verdict on Faryal Talpur's plea for bank account

The court says that the verdict will be announced on March 20.

Hussain Lawai moves bail petition to Islamabad High Court

Former chairperson of the Pakistan Stock Exchange and head of Summit Bank Hussain Lawai Monday filed a petition to Islamabad High Court (IHC) seeking his post arrest bail in mega money laundering and fake accounts scam

Islamabad High Court grants bail to Abdul Ghani Majeed on medical grounds

The Islamabad High Court (IHC) Thursday granted post-arrest bail to a main accused in fake accounts references Khawaja Abdul Ghani Majeed, the son of Omni Group's Head Anwar Majeed, on basis of medical grounds

Sweeper killed accidentally in Faisalabad

A sweeper of a bank was killed accidentally in the area of Madina Town police station

Pakistan Stock Exchange (PSX) slightly up to close at 43,218 points

Pakistan Stock Exchange (PSX) Monday noted bullish trend as KSE 100 index closed at 43,218 points as compared to 43,207.05 points on the last working day with the positive change of 11.62 points (0.03 %)

NAB prosecutor in two references against Zardari resigns for personal reasons

Mudassir Naqvi—the NAB prosecutor—was also the team member of six-member prosecution team who investigated the role of former President Zardari in fake bank accounts.

NAB files supplementary reference against Asif Ali Zardari

The National Accountability Bureau (NAB) Rawalpindi has filed a supplementary reference against Asif Ali Zardari, Faryal Talpur and others

Sindh Bank's official released on NAB's request after becoming approver

An Accountability Court (AC) Wednesday ordered to release former Sindh Bank executive vice president Nadeem Altaf after becoming an approver in mega money laundering and fake accounts case

Pakistan Stock Exchange gains 797 point to close at 29562.42 points 19 Aug 2019

The Pakistan Stock Exchange (PSX) on Monday noted bullish trend as KSE 100 index gained 797.79 points (2.77 percent) to close at 29562.42 points

Accountability Court grants NAB 10-day physical remand of three accused

An Accountability Court (AC) Monday granted National Accountability Bureau (NAB) 10-day physical remand of three accused involved in money laundering and fake accounts

NAB request for further physical remand of Lawai, Taha rejected

An Accountability Court (AC) Monday rejected the NAB request for further physical remand of former chairman Pakistan Stock Exchange Hussain Lawai and Senior Vice President Summit Bank Taha Raza and sent them to jail on judicial remand in fake accounts scam

Will be disastrous for country if corruption is not dealt with iron hand: Islamabad High Court (IHC)

Islamabad High Court (IHC) has rejected bail before arrest plea of Husain Lawai and Taha Raza, major accused in fake bank accounts.The court observed the bail application filed by the accused on medical grounds is not on merit.

Stock exchange gains 339 points 20 June 2019

The Pakistan Stock Exchange (PSX) Thursday witnessed a bullish trend as KSE 100 index gained 339.79 points (0.97%) to close at 34,995 points

NAB granted time to answer bail-pleas of Hussain Lawai in fake accounts case

The Islamabad High Court (IHC) granted time to NAB for submission of answers in post-arrest bail petitions of three accused including chief executive Summit Bank Hussain Lawai, vise president Taha Raza and Omni Groups's Abdul Ghani Majeed.

Islamabad High Court approves protective bail of Zardari, Talpur till April 10

Islamabad High Court (IHC) on Thursday has approved protective bail of former president Asif Ali Zardari and his sister Faryal Talpur in money laundering case till April 10

Zardari's legal team advises him not to appear before NAB

Zardari, Faryal challenge mega money laundering decision in SHC

Former president Asif Ali Zardari and his sister Faryal Talpur on Saturday challenged the decision of banking court in Sindh High Court (SHC) in mega money laundering case.