Latest articles from Pakistan

Pakistan airlines teaser

Mixed results mire Pakistan's privatisation drive

July 1, 2016

After success stories in bank privatisation, Pakistan is now turning to ailing state firms in the airline, electricity and steel sectors. But large losses, competition and social unrest are making for a bumpy ride. Edward Russell-Walling reports.

Pakistan economy teaser

Putting Pakistan’s economy on the map

July 1, 2016

Although Pakistan's economy has not met all government targets, its macro fundamentals are strong and the China Pakistan Economic Corridor is generating a lot of optimism. Is this enough to attract more foreign direct investment into the country? Edward Russell-Walling reports.

HBL teaser

Channelling growth in Pakistan's banking sector

July 1, 2016

Pakistan's big five banks have largely enjoyed a prosperous past 12 months. However, as Edward Russell-Walling discovers, lower interest rates, a lack of credit being extended to the private sector and the rise of Islamic finance are causing the banks to reassess their strategies. 

Has Islamic banking finally cracked Pakistan?

November 3, 2014

After a false start, Islamic banking has become the fastest growing segment of the Pakistani banking industry, with the full support of the government. Apart from the ever-present challenge of liquidity management, most local Islamic bankers agree that their most important task now is to build awareness in the country.

Pakistan banks defy economic gloom

Pakistan's banks defy economic gloom

October 1, 2014

With ongoing political turmoil, foreign banks may have all but packed up and left Pakistan, but the financial sector has barely noticed. Indeed, assets and deposits have doubled between the end of 2008 and June 2014, while Islamic banking has begun to make its impact felt. 

Pakistan's microfinance industry identifies growth path

October 1, 2014

Pakistan's microfinance industry has slowly been gaining traction in recent years, and is in for a huge boost when new biometric identification methods are brought into the mainstream – primarily to help combat terrorism – which will allow banks to verify new customers remotely.

Giving Pakistan's privatisation drive a push

October 1, 2014

Having had a long and successful career in the commercial sector, Mohammad Zubair, Pakistan's privatisation minister, understands the importance of the country's privatisation drive. But, not everybody shares his enthusiasm, with the heavily unionised companies putting up resistance to the privatisation plans, and foreign investors wary of the country's less-than-perfect track record in denationalisation deals.

A glimmer of hope for Pakistan

A glimmer of hope for Pakistan's economy

October 1, 2014

Dogged by a history of political instability, Pakistan has struggled to secure trading partners or attract much in the way of foreign investment, at the expense of its economy. However, a new pro-business government and a revival in GDP growth suggest that the country's economic fortunes might finally be on the up.

Banks to watch in 2013, Tameer Bank

February 1, 2013

The Banker has identified 13 banks to keep an eye on in the coming year based on a variety of factors. Pakistan-based Tameer Bank has been selected for its mobile banking service, which is one of the first successful mobile banking schemes to employ a bank-led, commercially driven model.

State Bank of Pakistan

Profit performance masks the challenges faced by Pakistan's banks

August 1, 2011

Although Pakistan tops The Banker’s Top 1000 World Banks profit rankings, the country’s banking sector faces a number of difficulties as it copes with a challenging economic environment.

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