Convoluted expectations
All and sundry continue to protest the lending behaviour of commercial banks and their large `spreads` (the difference between the interest rates on their lending and the interest rate that…
In transit
As I write this on the terrace restaurant of a hotel in the hills in Sri Lanka, there’s a small river tumbling over huge boulders a few feet away. The…
View from US
Every year when July 4 comes around and America celebrates Independence Day, I wonder how many Pakistani-Americans have realised their desi dream. A passage to America means a ticket to…
Banking, other financial businesses: customer identification program and international conventions
Customer identification in banking and financial businesses has gained importance due to abnormal increase in financial crimes including tax evasion, money laundering and terrorist financing. There are two sets of…
No change expected in the State Bank policy rate
The State Bank of Pakistan (SBP) is unlikely to cut its key policy rate as demanded by businesspersons to stimulate investment and economic growth when it reviews monetary policy for…
