Pakistan
IMF reviews Pakistan performance for standby loan
Pakistan began talks with an International Monetary Fund mission on Feb. 8, 2001 keen to convince it that a revenue shortfall should not prevent payment of a second tranche of a standby loan, officials and analysts said. Analysts said the mission, led by…
Pakistan central bank raises paid-up capital limit
Pakistan's central bank has increased the paid-up capital requirement for investment banks to 500 million rupees from 200 million rupees, a central bank spokesman said on Feb 1. But he said the State Bank of Pakistan has given a two-year period to…
Pakistan moves to ease banks' liquidity crisis
Pakistan's central bank on Dec 22 asked commercial banks to buy government securities against swap dollar deposits in an attempt to ease a liquidity crisis and meet a key donor condition, bankers said.
Pakistan cbank says govt must meet IMF terms
Pakistan's central bank warned the government on Monday that it must strictly implement tough conditions set under an International Monetary Fund loan programme to avert a balance of payment crisis.
Economic indicators are positive - Pakistan cbank
Vital economic indicators have shown positive development during the first quarter (July-September) of the 2000-2001 fiscal year, Pakistan's central bank said Monday.
Pakistan banks told to double capital base by 2003
Pakistan has told banks to double their minimum paid-up capital to one billion rupees ($17.2 million) by the start of 2003.
Pakistan cenbank appoints seven primary dealers
Pakistan's central bank on Monday appointed seven banks as primary money market dealers for the government securities, five months after it announced plans for the new system.
Pakistan might adopt Islamic banking gradually
Pakistan may try to convert gradually to a full Islamic banking system rather than make a sudden transformation by the middle of next year - the Supreme Court's deadline to end all interest driven transactions, which are considered contrary to Islam -…
Husain wants banking consolidation in Pakistan
Pakistan's central bank governor Ishrat Husain has said that he wants fewer, but stronger financial institutions in Pakistan which can mobilise and allocate resources in a cost effective and efficient manner.