UN warns of ‘colossal’ Afghan banking system collapse

NEW YORK: The United Nations pushed for urgent action to prop up Afghanistan’s banks, warning that a spike in people unable to repay loans, lower deposits and cash liquidity crunch could cause the financial system to collapse within months. In

NdcTech signs agreement with Sambaa Bank to modernise banking platform

KARACHI: Samba Bank Pakistan, a fully owned subsidiary of the largest bank in the Middle East (Saudi National Bank) has signed an agreement with NdcTech to modernise to the latest Temenos Core Banking Platform. This will allow the bank to

Banking court extends Jahangir Tareen, son’s bail till April 22

LAHORE: A banking court on Saturday extended the pre-arrest bail of PTI stalwart Jahangir Tareen and his son Ali Tareen in money laundering and financial fraud cases till April 22. Jahangir Tareen and his Ali Tareen appeared before the court

Banking sector investments surge by Rs2 trillion: SBP

KARACHI: The investments of the banking sector, amid weaker demand for advances and abundant liquidity, surged by Rs2 trillion during the first half (H1) of Calendar Year 2020, State Bank of Pakistan (SBP) reported. According to Mid-Year Performance Review of

Govt focused on reviving sick industrial units, promoting SMEs

ISLAMABAD: A delegation of prominent bankers of the country called on Prime Minister Imran Khan in Islamabad and discussed a range of issues relating to the banking and financial sector. Adviser to PM on Finance Dr Abdul Hafeez Shaikh, Adviser

Moody’s maintains stable outlook for Pakistan’s banking sector

ISLAMABAD: Global ratings agency Moody’s Investors Service stated that Pakistan’s banking system would have a stable outlook for the next 12-18 months due to robust funding and liquidity and close links with the sovereign underpin. “The sovereign credit profile has

Governor SBP urges regional central banks to tackle challenges

ISLAMABAD: Governor State Bank of Pakistan Dr Reza Baqir highlighted the importance of efficient and robust governance structure in the banking industry for sustainable economic growth of a country. The central bank governor was addressing a seminar on “Emerging Trends