Thursday, July 18, 2019

Pakistan likely to pay back IMF before Chinese debt

KARACHI: Pakistan is likely to pay off an International Monetary Fund bailout before its loans from China come due, easing concerns that IMF funds...

Banks issued guidelines to tighten cyber security

KARACHI: In the aftermath of a local bank reporting a loss of Rs2.6 million last month, the State Bank of Pakistan (SBP) issued a...

NAB’s task

Tasneem Noorani UNTIL two years ago, NAB was under fire for being an ineffective, compromised organisation. Now, the pendulum has swung the other way: all...

BankIslami announces restoration of payment system

KARACHI: BankIslami on Monday announced via press release that its payment system had been successfully restored and was "absolutely secured", as it recovers from...

Govt releases Rs 151.17b for development projects

ISLAMABAD: The government has released Rs 151.17 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new schemes against the...

Atatürk & U-turn

Muhammad Ali Siddiqi Mustafa Kemal Atatürk died 80 years ago this month — a month that sees Pakistan caught in a mercifully less acerbic controversy...

Parliament’s first 100 days

Ahmed Bilal Mehboob Although parliament did not figure prominently in Imran Khan’s ‘first 100 days’ agenda —now, appropriately, the Prime Minister’s 100 Days Agenda —...

SBP launches crackdown against criminal activities

KARACHI: The State Bank of Pakistan (SBP) has begun a crackdown against criminals working in the formal payment system at financial institutions including conventional and...

UBL to shut down its New York branch

Karachi: The United Bank Ltd (UBL) has announced its plans to wrap up its operations in New York, saying the decision has been taken...

SBP moves to regulate banks’ overseas operations

KARACHI: After two of the country’s largest private banks had their skirmishes with regulatory authorities in the United States, the State Bank of Pakistan...

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