Published in The Banker Pakistan, March 17th, 2017.
KARACHI – Stock market continued its bullish momentum on second consecutive day, Tuesday, with strong upward movement in most MSCI-EM stocks. The benchmark 100-share index closed at 52,147 points after rallying by 773.46 points or 1.57 percent. Banking sector led the gains in the market as the sector gained to close 1.71% higher than its […]
KARACHI: The Asian Development Bank (ADB) has approved a $20 million loan to help Khushhali Microfinance Bank Limited (KMBL) expand access to credit for agriculture-related borrowers and small businesses in Pakistan. The assistance will help KMBL increase the provision of financial services to micro, small, and medium-sized enterprises from 5,700 at present to over 30,000 by […]
KARACHI: External debt servicing rose to $5 billion by the end of the third quarter of 2016-17, according to a recent report released by the State Bank of Pakistan (SBP). It amounted to $5.3bn in 2015-16. The SBP report indicates that external debt servicing will be 25 per cent higher than a year ago. This […]
The Asian Development Bank (ADB) has approved a $20 million loan to help Pakistan’s Khushhali Microfinance Bank (KMBL) to expand access to credit for agriculture-related borrowers and small businesses. “Agriculture and small business are critical sectors in Pakistan’s economy that play a significant role in job creation and poverty reduction,” said Ms Christine Engstrom, Director […]