Pakistan’s Habib Bank to pay $225 million New York fine for compliance failures

Pakistan’s Habib Bank to pay $225 million New York fine for compliance failures

The New York state department of financial services (DFS) on Thursday said Pakistan’s Habib Bank (HBL) had agreed to pay $225 million to settle an enforcement action brought against it for infringing laws designed to combat illicit money transfers. The DFS said in a legal filing last month it was seeking to fine the bank,

Pakistan army chief slams US, India; says will continue to support Kashmir

Days after the BRICS declaration condemning Pakistan-based terror groups, the country’s army chief Qamar Bajwa said Pakistan would “continue to extend political, moral, and diplomatic support for Kashmiris’ right to self-determination”, reported Pakistani media. Bajwa said, on the one hand, that “Kashmir does not need interference from Pakistan”, and then on the other hand, that

China avoids Azhar ban issue

China today parried questions on any change in its stand of blocking JeM chief Masood Azhars banning by the UN, even as the declaration of the BRICS Summit for the first time named the terror outfit along with other Pakistan-based groups for spreading violence in the region. A veto-wielding permanent member of the Security Council,

Trump to nominate Kenneth Juster as US ambassador to India

President Donald Trump today announced his intent to nominate Kenneth I Juster, a top economic aide and an expert on India, as the US ambassador to India. In June, the White House said that Juster, 62, will be America’s new ambassador to India. Juster, who is the Deputy Assistant to the US president for International

Non-resolution of Kashmir dispute primary obstacle to peace, stability in the region: Pakistan

Denying that it provides safe havens to militants, Pakistan said that a complex interplay of geopolitics and the pursuit of “hegemonic policies” were to blame for the threat to peace and stability in South Asia. After being slammed by US president Donald Trump for its support to militants, Pakistan’s foreign office said the “non-resolution of