Tag: NBP

NBP receives complete £190m settlement from UK in Malik Riaz case

A total of 190 million pounds from UK’s National Crime Agency (NCA) have been received by National Bank of Pakistan (NBP) on account of a settlement with property tycoon Malik Riaz Hussain’s family. The State Bank of Pakistan confirmed the news but declined to share details. However, the debate about whether the funds belong to state bank or the government is still ongoing.