Apr 28 - May 04, 2003  
ISSUE # 17  

Domestic banks were able to consolidate their positions in year 2002 despite declining trend in interest rates and foreign banks, particularly large ones, were no exception. Smaller foreign banks are trying to sell out their Pakistan operations to local groups. While local banks are exploring new areas, foreign banks are trying to improve their income by investing in equities. Almost all the banks are investing heavily in technology to improve the quality of services. The central bank is also trying to further improve the regulatory framework.




The biggest bourse of the country, Karachi Stock Exchange, is in the final stage of making arrangements to facilitate Internet trading as early as September this year, the Managing Director of KSE, Moin M. Fudda, informed journalists at a press briefing here on April 23. The KSE will also have a new attractive listing new month, the subscription of which will be Rs 200 million, he added.


Automobile sector, growing impressively, is becoming an attractive area for foreign investment in Pakistan. Impressed with market growth, a Malaysian auto company manufacturing POTON cars has expressed its willingness to establish their plant in Pakistan in collaboration with local participation.