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  A woman bank manager has filed an application to the Federal Ombudsperson for Protection against Harassment of Women at the Workplaces that her superior had allegedly harassed her.  The applicant claimed that a regional head for the Dubai Islamic Bank (DIB) had allegedly, repeatedly harassed her at their workplace. She added that the bank’s management failed to take any action nor did they make conduct an inquiry despite her complaints. Instead, she claimed that she had been suspended from in contravention to the Anti-Harassment Act of 2010. Sources have disclosed that the woman has submitted a thread of text messages as evidence to substantiate her claim along with an application. She has included the names of the SME branch chief in Karachi along with DIB Internal Audit Head Najeeb Gillani as respondents in the case. The bank administration has been summoned by the federal ombudsperson on February 19.    Top Stories: Chaudri Pervaiz Elahi Condemn the Pu...

Saudi Arabia had always been supportive to Pakistan throughout all periods since both country's establishment . Both countries share fundamental similarities Both are new nations established roughly at the same time. Both are strong allies who played similes roles in the American strategies in the region ,eg war against communism ,Afganistan wars. Pakistan when established used Islam as reference so it needed Saudi Arabia for that. Both are souroubdef by larger competing neighbors. Whenever Pakistan goes into struggle always Saudi Arabia was there to help. Pakistan nuclear program was funded largely by Saudi Arabia. Pakistan expatriate working in Saudi are one of the largest and giving many privileges . Both countries are non adjacent to each other so they are not competing in the region i.e. Their roles are complementing to each other rather competing . https://tryfinancialsolutions.blogspot.com/2018/12/invest-today-for-your-hassle-free-future.html?m=1 They ar...

Moody’s Investors Service has changed its outlook for the banking system in Pakistan (B3 negative) to negative from stable. “Over the next 12-18 months, banks in Pakistan will see their credit profiles challenged by their high exposure to the country’s low-rated sovereign debt and a slowing economy,” Constantinos Kypreos, Moody’s Senior Vice President, said in a report released Monday. The banks’ operating conditions will be difficult, with Pakistan’s real GDP growth slowing to 4.3% in the fiscal year ending June 2019, down from 5.8% in 2018, the report said. The Pakistani rupee has depreciated 30% versus the US dollar, interest rates rose by 450 basis points between December 2017 and February 2019, and inflation is rising; all factors which affect business and consumer confidence and the private sector’s debt repayment capacities, Moody’s noted. The agency also pointed out that Pakistan's banks face the risk of macroeconomic contagion through a range of channe...