Bank
-
Foreign investors stop Samba Bank stake sale | The Express Tribune
.
[ad_1] KARACHI: Foreign investors have cancelled a planned deal for selling stake in a bank operating in Pakistan, saying they have decided to retain the shareholding “given the Pakistan banking sector outlook”. “Saudi National Bank (SNB) is terminating the process…
-
World Bank assures support for reforms | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan is currently facing monetary and fiscal challenges due to rising global commodity prices, said Federal Minister for Finance and Revenue Miftah Ismail. During a meeting with World Bank South Asia Region Vice President Hartwig Schafer on Tuesday,…
-
State Bank revises office timings | The Express Tribune
.
[ad_1] KARACHI: The State Bank of Pakistan (SBP) has revised the working days and timings with immediate effect. In a statement issued on Friday, the central bank notified the revised timings ie Monday to Thursday from 9am to 5.30pm, with…
-
Another bank faces data theft | The Express Tribune
.
[ad_1] KARACHI: Overseas thieves have managed to rob a leading bank in Pakistan through internet banking, as they used compromised data of a number of debit cards to conduct fraudulent financial transactions in foreign currencies. The event made the financial…
-
Bank deposits grow 14% in March | The Express Tribune
.
[ad_1] KARACHI: The bank deposit grew by a notable 14% over the past one year to Rs20.27 trillion in March, as the financial institutions mostly lent the deposits to the government which is in need of domestic borrowing to overcome…
-
World Bank planning new $170b crisis fund | The Express Tribune
.
[ad_1] WASHINGTON: The World Bank is seeking to create a $170 billion emergency fund to help the poorest nations being buffeted by multiple crises, the Bank’s President David Malpass said Monday. The “crisis response envelope” will continue the work begun…
-
State Bank succumbs to reality | The Express Tribune
.
[ad_1] KARACHI: The State Bank of Pakistan (SBP) has finally taken a much overdue and corrective decision by increasing the policy rate by a massive 250 basis points (bps) to 12.25%. To put this move into context, such a large…
-
Higher bank credit limit for farmers | The Express Tribune
.
[ad_1] KARACHI: There is good news for wheat and sugarcane farmers and congratulations to the top politicians who control – and leverage as per their requirement – wheat and sugarcane cultivation. Banks will now offer 50% more agricultural credit to…
-
PM picks his aide for World Bank | The Express Tribune
.
[ad_1] ISLAMABAD: Prime Minister Imran Khan has appointed his secretary Azam Khan as executive director of the World Bank for a term of four years by short-circuiting a process that requires interviews and tests of candidates. The government on February…
-
Central bank revises regulations for MFBs | The Express Tribune
.
[ad_1] KARACHI: Building on the measures taken in recent years to encourage financing to priority areas, the State Bank of Pakistan (SBP) has revised Prudential Regulations for Microfinance Banks (MFBs) with the goal to promote access to finance for low…
