Running banks and airlines
THE provinces are already running banks: Bank of Punjab, Sindh Bank and Bank of Khyber. Balochistan is the only province that does not have a bank of its own, but…
THE provinces are already running banks: Bank of Punjab, Sindh Bank and Bank of Khyber. Balochistan is the only province that does not have a bank of its own, but…
One of the more short-sighted fiscal measures recently introduced is the higher tax on banking income from government securities. This tax is directly linked to the advance-to-deposit ratio (ADR), imposing…
IN its latest State of the Economy report, the State Bank has an interesting chapter on inflation dynamics in Pakistan that is worth a close read. It is an ambitious…
Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and…
Unfortunately, economic policy globally is settled on very unsettling fundamentals, and rather than fixing this, the blame for high level of inequality and increasing absolute poverty that this Neoliberalism oriented…
US bank investors, analysts and executives were trying to figure out on Wednesday how lenders would fare under revised hikes in capital requirements, with considerable uncertainty over what specifics will…
World Bank President Ajay Banga said on Friday that young people in the Pacific Island nation of Tuvalu need training to help them move and adapt to climate change as…
“God gave Noah the rainbow sign, no more water, the fire next time.” AS Pakistan’s difficulties in meeting its external payment obligations deepen, its elitist policymakers, both past and present,…
WILL our economic and financial system be able to eliminate riba (interest) by December 2027, as ordained by the Federal Shariat Court? If the past is any guide, this time…
READERS may remember there was much hue and cry over the amendments to the State Bank of Pakistan Act, 1956, that were legislated in January 2022. The present government, then…