Europe’s largest banks are generating a poor return on their capital, well below their post-crisis targets, as muted credit growth slows their recovery and progress on costs is swallowed by unexpectedly high loan losses. The data shows that in 2013 [...]
CY 2014 will prove to be a brilliant year for [...]
Prime Minister Nawaz Sharif chaired a meeting of the Cabinet [...]
The Arif Habib Corporation Limited has declared its financial results, [...]
Today the Executive Board of the International Monetary Fund (IMF) [...]
Meezan Bank, Pakistan’s first largest Islamic bank, has added Honda power generators to its menu of consumer financing products by joining hands with Honda Atlas Power Products (Pvt) Ltd. Through this Riba-free Generator financing product “Meezan Roshani”, Meezan Bank will provide Halal financing for a wide range of world renowned [...]
As recently as last November, Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy. No longer. The Bundesbank chief, known for his hardline stances at the ECB and as head of the German central bank, is [...]
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month by banks asking if its technology could be applied to other [...]
President Mamnoon Hussain Thursday emphasized the need for developing a strong relationship between higher education and economic development, urging quality assurance of the research being made in national universities and degree awarding institutes. The President said this during a meeting with the 2nd group of heads of leading universities and [...]
Punjab Chief Minister Muhammad Shahbaz Sharif has said that Punjab government has evolved a splendid project of setting up a Knowledge Park over 800 acres of land in Lahore. He said that separate campuses of information technology university, engineering, medicine and other fields will be set up in the Knowledge [...]
TWO of the world’s most prominent economic institutions, the International Monetary Fund and Former US Treasury Secretary Larry Summers, recently warned that the global economy may be facing an extended period of low interest rates. Why is that a bad thing, and what can be done about it? Adjusted for [...]
HERE’S today’s look at some of the top stories on markets and politics in Europe. EU approves banking union plan. The European banking reform plan is now final after four years of fierce debate. The European Parliament voted on Tuesday to approve it. Bank shareholders and bondholders will now be [...]
LOOKING back, it was easy to see that the crash was coming. There had been too much cheap money. Debt had exploded. Speculation was rife. The gap between rich and poor had widened. Welfare spending had risen. The financial system was so stretched that even a modest tightening of policy [...]
Pakistan authorities need to restore the confidence of the cricketing world to bring international activity back to the country, an Asian Cricket Council official said. Pakistan has not hosted any international cricket since a brazen militant attack on the Sri Lankan team bus in Lahore in March 2009. The Asian [...]
The Supreme Court has turned down N Srinivasan’s reinstatement request, and has revealed that he is one of the 13 named in the sealed envelope submitted to it by the Justice Mudgal committee. In response to the BCCI counsel CA Sundaram’s argument that the court was responding only to prima [...]