EVERY month, millions of overseas Pakistanis send money home to support families, invest in property, or simply stay connected with their roots. These remittances, now a cornerstone of Pakistan’s balance-of-payments,…
UBS declined a request by the Gaza Humanitarian Foundation (GHF) to open a bank account in Switzerland while Goldman Sachs did not set up a Swiss account for GHF after…
In a country gripped by chronic revenue shortfalls and economic instability, one sector quietly shoulders more than its share — yet is frequently criticised. Pakistan’s banking sector, the country’s largest…
India’s central bank may revert to giving banks a fixed amount of on-tap overnight liquidity, heeding the call of lenders after its temporary use helped rein in a large cash…
In a groundbreaking move, the State Bank of Pakistan (SBP) has committed to converting the country’s entire banking system into a Shariah-compliant Islamic model by December 2027. This ambitious step…
Large deals involving pharmaceutical and biotech companies are stalling as executives grapple with mercurial White House economic policies that have roiled markets and set off a global trade war, according…
BANKS are often cast as villains for failing to allocate credit to priority sectors — small businesses, agriculture, and housing — where, in advanced economies, lending reaches as high as…
Financial technology firms and crypto companies are seeking to become state or national banks in a bid to expand their business under the Trump administration that they view as more…
A nine-member delegation of World Bank Executive Directors visited Pakistan in February 2025 to engage in discussions on economic development plans and the implementation of the Country Partnership Framework (CPF).…
Pakistan’s return from deep economic slumber will continue and succeed, mainly with the private sector assuming its role as a cornerstone for the future. In this background, Pakistan’s banks will…
