Published in The Banker Pakistan, September 10th, 2016.
ISLAMABAD: On the occasion of Pakistan Day on March 23, history buffs and numismatists will get a unique opportunity to view the first banknotes of independent Pakistan. Showcased at a Dubai-based specialized numismatics company, Numisbing, the exclusive collection will prove to be a trip down the memory for some, while for collectors and connoisseurs this […]
Pakistan would pay a sum of $7 million to Asian Development Bank (ADB) as fines if it fails to utilize loans worth $4.5b, media sources have reported. ADB had granted $6.4 to Pakistan as loans to finance various projects but the federal government has only utilized an amount worth $1.80b. ADB imposes commitment fee of […]
KARACHI: The State Bank of Pakistan (SBP) will remain closed on March 23 on account of Pakistan Day, a press release said on Tuesday.
More than ever before, with the CPEC projects taking off, Pakistani bankers need to break out of the spell of easy money, forego the thrill of speculation and re-focus on the lending business. Will they heed this advice? Experts think that even if the regulator falters, the evolving conditions would force them to change their […]