A massive financial scam has come to light, orchestrated by a fictitious entity named IGIL and fronted by the equally fake persona, Hatef Jafari. Promising investors extraordinary returns, this fraudulent operation leverages social media, WhatsApp groups, and a counterfeit website to lure victims into depositing their hard-earned money. With billions stolen, IGIL has emerged as a chilling reminder of how sophisticated cyber-fraud can be.
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nited Bank Limited (UBL) has indeed submitted a merger offer to Silkbank Limited. The proposed amalgamation will be filed with and sanctioned by the State Bank of Pakistan (SBP) under Section 48 of the Banking Companies Ordinance, 1962. If approved, UBL will issue one new UBL ordinary share for every 325 Silkbank ordinary shares.
On Friday, the Pakistan Stock Exchange (PSX) surged over 1,800 points after October’s inflation data supported expectations of a rate cut by the State Bank of Pakistan (SBP) in its upcoming November 4 meeting.