Informal banking: economic coercion
Pakistan is a country of contradictions. When we count the population for the purposes of allocation of seats in the assemblies and allocation of funds under the National Finance Commission…
Turkey’s state banks likely to follow central bank and slash rates
Turkey's state banks are expected to cut borrowing costs on loans by around 200 basis points on Monday, according to three people with knowledge of the plan, following last week's…
World Bank in Karachi
ACCORDING to media reports and the World Bank website, the Bank has approved a multimillion-dollar loan for six projects in Karachi. These include $40m for making the Karachi Water and…
Central bankers comb for crypto clues as Bahamas launches ‘Sand Dollar’
It didn’t seem like a revolution. A botanical green smoothie and a snapper fish burger, it was. In a Bahamas health-food cafe. But future generations might look back at this…
Bubble or breakthrough? Bitcoin keeps central bankers on edge
Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble. But it keeps them awake at night because these private currencies threaten their control of the…
Follow the Fed? Why central banks won’t be rushed on virus response
Will the world’s big central banks leave US Federal Reserve Chair Jerome Powell hanging? They’re certainly going to try. No major central bank has yet matched the Fed’s emergency rate…
Chinese banks eye bid for Germany’s DVB Bank
Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar…
World Bank update
The Development Update of Pakistan has been released recently by the World Bank. The Bank has been the largest and trusted development partner of Pakistan. It has acted as the primary source…
China’s huge debt poses big headache for central bank
Chinese banks lent more money in January alone than the annual GDP of South Africa, as borrowers rushed to take advantage of government policies intended to stimulate the economy with…
Commercializing Pakistan Railways — I
Pakistan Railways (PR), a State-Owned Enterprise (SOE) under the Ministry of Railways (MoR), which has been working as a natural monopoly has not been able to pay adequate attention to…
