Bank – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Fri, 16 Nov 2018 12:32:58 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 How to deal with the next financial crisis – take some lessons from Iceland http://www.pakistaneconomist.com/2018/10/08/how-to-deal-with-the-next-financial-crisis-take-some-lessons-from-iceland/ http://www.pakistaneconomist.com/2018/10/08/how-to-deal-with-the-next-financial-crisis-take-some-lessons-from-iceland/#respond Sun, 07 Oct 2018 19:02:18 +0000 http://www.pakistaneconomist.com/?p=21280 It has been ten years since the global recession hit – and the perfect opportunity to rethink and reassess the crisis with the benefit of time. Much of the focus so far has been on economic or policy failures, with the question of accountability left out of the discussion. In stark contrast to the grassroots …

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Global Banks Hike Up Interest Rates http://www.pakistaneconomist.com/2018/10/01/global-banks-hike-up-interest-rates/ http://www.pakistaneconomist.com/2018/10/01/global-banks-hike-up-interest-rates/#respond Mon, 01 Oct 2018 12:10:04 +0000 http://www.pakistaneconomist.com/?p=21029 On Wednesday the United States Federal Reserve continued their incremental increase of the interest rate by a quarter of a percent, bumping the rate up to 2.25 percent. While not featured on the below chart, Indonesia hiked their interest rate by a quarter of a percent Friday as well. Over the course of the past month central banks around the globe …

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The deforestation risks lurking in the banking sector http://www.pakistaneconomist.com/2018/09/24/the-deforestation-risks-lurking-in-the-banking-sector/ http://www.pakistaneconomist.com/2018/09/24/the-deforestation-risks-lurking-in-the-banking-sector/#respond Sun, 23 Sep 2018 19:05:57 +0000 http://www.pakistaneconomist.com/?p=20822 The signing of the Paris Agreement in December 2015 signalled a step change in government policy and regulation to combat climate change. While transitioning the energy sector has been an early priority, there’s no doubt that other segments including deforestation and commodities will come under future focus. On fossil fuels, the financial sector has already …

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Ending austerity: create a national investment bank http://www.pakistaneconomist.com/2018/09/24/ending-austerity-create-a-national-investment-bank/ http://www.pakistaneconomist.com/2018/09/24/ending-austerity-create-a-national-investment-bank/#respond Sun, 23 Sep 2018 19:04:19 +0000 http://www.pakistaneconomist.com/?p=20819 Creating a national investment bank would be key to a major reform of the UK financial sector. It is needed to help support increased investment, which is essential to help make the UK economy more dynamic, fairer and greener. As a publicly capitalised institution, the national investment bank would be an important element of Britain’s …

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Need of a new roadmap for accelerating growth of Islamic banking http://www.pakistaneconomist.com/2018/09/17/need-of-a-new-roadmap-for-accelerating-growth-of-islamic-banking/ http://www.pakistaneconomist.com/2018/09/17/need-of-a-new-roadmap-for-accelerating-growth-of-islamic-banking/#respond Sun, 16 Sep 2018 20:01:08 +0000 http://www.pakistaneconomist.com/?p=20574 Islamic banking was re-launched in Pakistan with the commencement of operations by Meezan Bank, as a full service Islamic bank more than two decades ago. To avoid the fallout of making an attempt to shift to Shariah-compliant banking from Riba-based banking, the State Bank of Pakistan and other market participants agreed to let the conventional …

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Challenges in banking sector of Pakistan http://www.pakistaneconomist.com/2018/09/17/challenges-in-banking-sector-of-pakistan/ http://www.pakistaneconomist.com/2018/09/17/challenges-in-banking-sector-of-pakistan/#respond Sun, 16 Sep 2018 19:54:42 +0000 http://www.pakistaneconomist.com/?p=20567 In last few years, banking system in Pakistan has entered into a new phase of evolution yet facing various issues, where political instability and economic uncertainty remain the main problem. On one side, banks are making profits, defaults are on decline and have surplus liquidity in recent years but on the other side, economic conditions …

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HBL’s financial review http://www.pakistaneconomist.com/2018/09/17/hbls-financial-review/ http://www.pakistaneconomist.com/2018/09/17/hbls-financial-review/#respond Sun, 16 Sep 2018 19:48:31 +0000 http://www.pakistaneconomist.com/?p=20606 Habib Bank Limited (HBL) is incorporated in Pakistan and is engaged in commercial banking related services in Pakistan and overseas. The Bank operates 1,703 branches inside Pakistan, including 47 Islamic Banking Branches and 48 branches outside the country including in the Karachi Export Processing Zone. The Aga Khan Fund for Economic Development (AKFED), S.A. is …

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Banking Industry (facts & Figures) http://www.pakistaneconomist.com/2018/09/17/banking-industry-facts-figures/ http://www.pakistaneconomist.com/2018/09/17/banking-industry-facts-figures/#respond Sun, 16 Sep 2018 19:46:22 +0000 http://www.pakistaneconomist.com/?p=20428 Credit/Loans Classified By Borrowers ((Million Rupees) Description June-17 July-17 June-18 Jul-18P 1. Credit to Government Sector (A+B) 9,129,778 9,205,092 10,279,452 9,972,016 A. SBP Credit to Government Sector (Net) 2,339,102 2,631,163 3,600,531 3,691,668 B. Scheduled Banks Credit to Government Sector (Net) 6,790,676 6,573,929 6,678,921 6,280,349 2. Credit to Non Government Sector (A+B) 5,929,905 5,803,937 6,936,557 6,957,501 A. …

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Askari Bank Limited records 7pc profit in six months http://www.pakistaneconomist.com/2018/09/17/askari-bank-limited-records-7pc-profit-in-six-months/ http://www.pakistaneconomist.com/2018/09/17/askari-bank-limited-records-7pc-profit-in-six-months/#respond Sun, 16 Sep 2018 19:44:40 +0000 http://www.pakistaneconomist.com/?p=20554 During the six months ended June 30, 2018, the financial experts of Askari Bank Limited mentioned that the bank’s profit before provisions and taxation for the half year ended June 30, 2018 was registered at Rs.4.07 billion, as compared to Rs. 3.82 billion, for the same period last year, reflecting a rise of 7 percent. …

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NBP posts 12.1pc growth in 6 months with increase in Islamic Financing http://www.pakistaneconomist.com/2018/09/10/nbp-posts-12-1pc-growth-in-6-months-with-increase-in-islamic-financing/ http://www.pakistaneconomist.com/2018/09/10/nbp-posts-12-1pc-growth-in-6-months-with-increase-in-islamic-financing/#respond Sun, 09 Sep 2018 19:44:46 +0000 http://www.pakistaneconomist.com/?p=20265 During the six months period ended June 30, 2018 the National Bank of Pakistan’s (NBP) balance sheet posted 12.1 percent growth and stood to Rs 2,657.79 billion in June 2018 as compared to Rs 2,369.88 billion as of December 31, 2017. No doubt the Bank is the largest commercial bank in Pakistan and has been …

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