Which Pakistani bank has been penalised with heavy fine by US authorities?
Correct answer: D. NBP
- A. None of these
- B. SBP
- C. HBL
- D. NBP
Explanation
The bank penalised by US authorities was the National Bank of Pakistan, commonly abbreviated as NBP. SBP is Pakistan's central bank, not the institution named in this enforcement action.
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Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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