The weak regulator, SBP, focuses on everything but misses the most essential issue: orientation of the banking sector.
The business transactions take place on plain paper chits or on cell phones, hidden from the eyes of the taxmen.
'Eventually, smaller financial institutions would have to integrate into bigger units or drown in a sea of competition.'
The rupee is at its strongest level against the dollar since December 2012, and has appreciated 8.6pc over the
Forex companies have started feeling the heat of changed market conditions after the recent rise in the rupee’s value.
Bank Al Habib continues to maintain the highest coverage ratio against toxic debt in the country at over 150pc,
Balances held outside Pakistan in approved foreign exchange increased by 16.4pc
to Rs378.68bn by March 28
With the healthy inflow from the Eurobond in the bag, the probability of a discount rate cut of 50bps has increased, as
We are now working on how to save 50pc of water usage in washing machines, says Bashir Dawood, managing director,
Sindh would not allow anyone to question its jurisdiction as the constitution allows collection of tax on services
An across-the-board reduction in expenditure may seem expedient, but should be avoided because it is neither
Mango output this year may cross 1.8 million tonnes after remaining below this mark for last two years.
Sindh is set to have a good wheat harvest this year as it has exceeded sowing target by 20,000 hectares.
The development is attributed to the Indian failure on two fronts – price and quality.
KP conducts canal cleaning every year, but the money spent annually has never been sufficient to support the kind of
It is for the first time since mid-1990s that there will be no water shortage during Kharif season, while the share
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In the long run, China’s capital account will presumably become largely open and in time,
no doubt, China’s savers
The ideal, of course, is to generate as much economic growth as possible, then to ensure that this confers the greatest
‘I blame austerity. It has destroyed so much economic output that it made debt
sustainability harder — the exact
Pakistan’s GDP growth is expected to fall to 3.1pc in 2014 before steadily growing back to 5pc by 2018.