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Results for Tag: Banks

SBP to prepare plan to deal with private banks problems by month end

KARACHI - In line with the IMF-supported Government of Pakistan’s Macroeconomic Stabilisation Programme, the SBP will prepare a contingency plan by the end of this month to deal with the problems being faced by the private banks since

Increase in profit rates on CDNS products to hit banks deposit growth

KARACHI - The fresh move by the government of increasing profit rates on Central Directorate National Saving (CDNS) products by 170-240 bps to above 18 per cent in a bid to finance fiscal deficit would hurt the banking sector’s deposit

Four banks profitability projected to remain intact

KARACHI - The profitability of the four leading commercial banks in the private sector is projected to remain intact for the last quarter of CY08 on the back of expected better growth in advances.It is being evident that most of the banks