It is rather customary in numerous countries to avail personal loans to go on a vacation, visit some foreign countries etc which could be termed as a cultural phenomenon and also economic model of a particular country. On the contrary, …
Read More »Pakistan banks: driving engine of country’s economy
According to the latest data released by State Bank of Pakistan (SBP), overall deposits of Pakistan banks have grown by 17% to Rs17.1 trillion in 2020. The growth is the highest in 4 years and is better than 10-year average …
Read More »Bank deposits grow 20pc and the future ahead
The studies identified that countries should strive to promote a wider use of bank deposits not only to aid economic development and poverty alleviation but good to complement the mainstream macro prudential strategies to improve financial stability in a country. …
Read More »Why it’s time to take central banks’ digital currencies seriously
The introduction of central bank digital currencies could upend the global economic order. This technology could bring multiple benefits, such as more efficient trade, greater financial access for millions of people, and a reduction in crime. But there are still …
Read More »The Covid-19 fallout – How Robust are our banks? (Facts & Figures)
Lending & Deposit Rates (W.A) LR DR Spread Mar-19 10.7 6.5 4.2 Apr-19 11.2 7.6 3.6 May-19 11.6 7.4 4.2 Jun-19 12.4 8.3 4.1 Jul-19 13.3 8.1 5.2 Aug-19 13.1 9.3 3.8 Sep-19 13.5 7.7 5.8 Oct-19 13.7 7.9 5.8 …
Read More »Credibility in cash on delivery system
A disgruntled account/credit card holder of one of the leading banks disclosed that he received a call from his bank inquiring whether he had made three consecutive transactions consecutively amounting to around Rs 80,000/-. To his utter dismay prior to …
Read More »Commencing of regulatory changes and impacts
In its first full year of rule, PTI government lead by Imran Khan introduced a number of regulatory actions in CY19, mostly to comply with the conditions imposed by International Monetary Fund (IMF) to remove macro imbalances and structural issues …
Read More »Pakistan’s financial sector is going through a major transition period
Govt has taken great opportunities to bring back economy on the right track Google left-Tania Aidrus can play vital role in digital sector Interview with Ms. Saima Zaidi — an economist PAGE: Tell me something about yourself and your career, please? …
Read More »A Review of the Financial Services Sector (Facts & Figures)
Advances Classified By Securities/Borrowers (Rs in Billion) Securities/Borrowers Oct-19 R Foreign Banks Private Sector Banks Public Sector Banks Specialized Banks All Banks 1. Foreign Constituents – 0.3 – – 0.3 2. Domestic Constituents 81.5 6,012.3 1,550.7 164.6 7,809.1 I. Government …
Read More »Higher interest rates boost profit of Pakistan commercial banks
During 3QCY19 aggregate profitability of listed Pakistani commercial banks (excluding Silk Bank) rose to Rs45.5 billion, up 48%YoY. The increase in profit is primarily on the back of a 33%YoY increase in net interest income and 17%YoY growth in non-interest …
Read More »Traditional banks are struggling to stave off the fintech revolution
Traditional banks are haunted by financial technology – fintech – firms. Challengers such as mobile-first banks Chime in the US, Monzo in the UK and Germany’s N26 have been around for a number of years now, but big global and …
Read More »Popularity of Islamic banks system
The financial tsunami that erupted in 2008 has swept the global financial community, and the major financial giants also fell into disarray. Even if the commercial banks in China with a low degree of internationalization have also caused heavy loss. …
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