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According to the stock filing, Summit Bank Limited informed that it received a letter from the Chairman of the Nasser Abdulla Lootah Group, who is also the Chairman of the Summit Bank. Summit Bank has received a notification of interest from a Dubai-based investor HE Nasser Abdulla Hussain Lootah who has expressed his intention to acquire a controlling stake in the bank through fresh investment. I, Mr. Nasser Abdullah Hussain Lootah, am writing to explore the possibility of acquiring at least a controlling stake in Summit Bank  Limited by subscribing to fresh equity in the bank. It is also envisaged that this  equity injection enable the bank to with the minimum capital  requirement and capital adequacy ratio  requirements as required by the State Bank of Pakistan. In this regard, an exclusivity agreement has been shared with the board of directors for the confirmation that will ultimately give a green signal to the transactions for executing the deal. The Dubai-based investor and chai

Mr. Thomas Schaefer, 54, was found dead near a railway track on Saturday.  He knew the culprits behind the Corona epidemic and that Culprits are the killers. It could be possible Mosaad  killed Thomas Schaefer for the sack of their interest because Mr. Thomas Schaefer was exposing all facts of Corona Epidemic,  Mossad and its allies MI & CIA didn't like and killed him. Main stream media which is under control of Mossad and its allies continuously reported this murdered as Suicide. According to media reports; "The finance minister of Germany's Hesse state Thomas Schaefer committed suicide apparently after becoming “deeply worried” over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said on Sunday." Hesse is home to Germany's financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt. Germany econo

Clearing cheques has always been a headache, will not any more! 1. Simply walk in the paying bank. 2. Present the crossed cheque at the counter. 3. Provide your account details. 4. Get the funds transferred into your account. Clearing time reduced from 48 hours to under 3 minutes. Facilitation regarding Paper-based Clearing Operations in the wake of COVID-19 To combat the potential spread of COVID-19 pandemic by limiting person-to-person interactions and to provide ease of services to the customers, Banks/MFBs are allowed to provide the following services to their customers: Direct Cheque Deposit Facility under which: A crossed cheque may be presented by payee/beneficiary directly into the paying/drawee bank, instead of their bank branches as per the existing practice. In this case, funds may be transferred by the paying/drawee bank either through RTGS customer fund transfer - MT102 or Over the Counter (OTC) IBFT or Ban

The novel coronavirus which began from China's Wuhan city has now become a pandemic all over the world. Over 20,000 people have lost their lives and over 500,000 have been diagnosed with the disease. Now that everyone has been locked down inside. In the wake of the same, some caught hold of South Korean drama from 2018 titled 'My Secret, Terrius,' . What caught attention was the fact that one of episodes of the show has an uncanny resemblance to today's situation of the outbreak.  The clip that has gone viral shows a man telling his partner why one should stay at home and avoid stepping out later which the scene gets shifted to a hospital where a doctor explains about the mutant coronavirus outbreak which attacks the respiratory organ. Approximately 53 minutes into the episode, it shows a doctor handing over a file to another character. The doctor tells her, "We must do more research, but it looks like a mutant coronavirus." The concerned recipient

The Corona virus was created/produced in the UK laboratory, registered in the United States, and then routed to Wuhan's laboratory by Air Canada flight from the Canadian Laboratory. According to research, the use of the Corona Virus as a biological weapon was initiated by the Pirbright Institute in England. Bill  Melinda Gates Foundation provide funds for this project. The Corna Virus was regularly patented by the Johns Hopkins Bloomberg School of Public Health  in the United States. Its patent number was 10,10,701. The patent was terminated as soon as the first case was discovered in the United States in January.  US-based Center for Disease Control and Prevention was conducted a practice in New York on October 18, 2019. The exercise was organized by the Bill & Melinda Gates Foundation, John Hopkins Center for Health Security in partnership with the World Economic Forum. The exercise, which was attended by parliamentarians, business leaders and health professionals, w

Freelancing is increasing in Pakistan with the ever-growing unemployment and the blooming trend of being you own boss. However, in Pakistan, Freelancers are paid less as compared to other countries. State Bank has increased Freelancers payment limit for freelance services in Information technology sector. The payment increased is five times of the present payment. SBP has issued a notice, yesterday in which the bank revealed that this decision is made in order to enhance the overall scope of the business through freelancing. Previously, the payment for freelance IT services was $5,000 which is not increased to $25,000 per month. By increasing this payments, SBP foresee that freelancers will become economically sound while foreign exchange flows in the country will also be improved. In this way Freelancers will be able to expand their business and will also be able to hire other individuals for the services. Well this is a big news for freelancers and people who are pla