The State Bank can now impose losses on shareholders, intervene and take control of banks or even restructure them.
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TOP STORIES
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Plan to realise true potential of energy firms
Efficiency and cash flows of energy companies need to be improved to attract foreign investment in such entities. -
Car dealers charging premium on spot buying
The assemblers deliberately or due to some other reasons are not increasing their production to meet the demand. -
ECC to assess prices offered for LNG import project
Gas prices offered by two multinational firms will be compared before allowing implementation of the project. -
BoI invites Chinese to invest in farm sector
A delegation of Sichuan province also showed interest in infrastructure, information technology and textile sectors. -
KSE puts broker membership card on sale
The broker card, which sold for as high as Rs160mn in the good old days, is not likely to get even half that now.
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EDITOR'S CHOICE
NATIONAL POLITICS
Zardari and the transition to democracy
KARACHI BLASTS
Security prevents ambulances from reaching Civil hospital
FRAGILE RECOVERY
Uncertainty, fighting mar Pakistan’s economy: report
MAGAZINE
Economic and Business Review
MEDIA GALLERY
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World business news in pictures
HIGHLIGHTS
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CSF identifies causes of decline in fisheries
Over-fishing and poor quality controls threaten the growth of the local fishing industry. -
Political will needed to tax informal sector
Trade bodies continue to resist documentation of the economy to evade taxes. -
On the decline?
The state of America’s finances is raising questions about the future of the country’s great power status. -
PIDE warns of challenges to growth revival
Stubborn inflation, slow industrial activity and security issues threaten growth. -
Public debt balloons to Rs7.6tr
Reversal of the decline in debt during 2007-08 and 2008-09 is alarming.
WEATHER - PAKISTAN
Cities
RESTRICTIONS NEEDED
Most goods imported through Afghan Transit Trade find their way into the domestic market and harm local industry.
WB COOPERATION
The bank said Pakistan was in a more robust position after taking some tough decisions, such as ending subsidies.
RISING RESERVES
However, Finance Minister Shaukat Tarin said that a final decision will be taken closer to the end of the year.
NEGATIVE RETURNS
The average banking spread for 2009 stood at 7.48pc as banks made large gains at the cost of depositors.
TRANSPORT COSTS
Consumers are set to pay up to Rs2 per kg more on various commodities as a result of the increase in petroleum prices.
STAGFLATION PERSISTS
The central bank kept the primary interest rates unchanged at 12.5 per cent to stabilise the double-digit inflation.
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