Is a senior financial and economic correspondent at Pakistan Today
FeaturedInnovation is not the done thing in Pakistan’s commercial banking and soon Pakistan’s financial services industry is expected to witness a David-and-Goliath contest of sorts, with Fintechs with negligible capital taking on commercial banks with billions, even trillions, in assets – and beat them
EconomyState Bank of Pakistan (SBP) used its regulatory powers under Section 47 of the Banking Companies Ordinance 1962 to merge KASB Bank with and into BankIslami Pakistan Ltd (BIPL) in May 2015 at a token price of Rs1,000 on the basis of the valuation conducted by the audit firm.
FeaturedThe new CEO of the country’s only stock exchange has big plans to expand investor participation in Pakistan. But does he dare take on the power of the brokers?
FeaturedBacked by very strong sponsors, from amongst Qatar’s royals, the company has never faced any issue in calling capital
FeaturedWhile up-and-coming players tap into new segments like mobile wallets, big players seem content with their decades-old business model that revolves around taking deposits and investing in risk-free securities.
FeaturedThe Group faces a serious credibility crisis as it turns down offers for its cement plants for the umpteenth time – even the lucrative Mega offer – raising doubts about its intent to sell and settle the default.
Economyhe province will run a deficit of Rs20.4 billion in 2018-19, although budget documents indicate a likely increase of 16.2 per cent in its total receipts.
FeaturedProfit demystifies the controversy over the sale of KASB Bank
FeaturedAs peace returns to Karachi, losses spread over half a dozen years are now consigned to the past
Economy
Economy
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