Money, Finance and Banking Blog in Pakistan
Posts tagged Financial Risk
Banks Cut Credit Card Limits to Rupees One Million
Jul 30th
Vacationing Pakistanis are having difficulties abroad because banks have cut their credit cards limit to one million Pak rupees.
On instructions of the State Bank of Pakistan, banks are allowed to issue credit card to one person with a maximum unsecured limit not exceeding Rs1,000,000 subject to mandatory check and prescribed debt burden and condition that total unsecured credit limits availed by that person from all banks does not exceed Rs1 million.
As a result of the above instructions Pakistanis having one or more credit cards have had their total credit card/cards limit reduced irrespective of their disposable income or a clear More >
BMI to Analyze Nine Pakistani Banks
Jun 27th
BMI, which prides itself in providing information to senior executives and analysts for better understanding operating risk and benefiting from business opportunities, will be conducting analysis of 9 Pakistani banks, reports The Financial Daily.
The Pakistani banks on the list are:
- National Bank of Pakistan (NBP)
- MCB Bank Limited (MCB)
- Habib Bank Limited (HBL)
- Allied Bank Limited (ABL),
- United Bank Limited (UBL)
- The Royal Bank of Scotland (RBS Pakistan) previously ABN AMRO Bank (Pakistan) Limited
- Standard Chartered Bank (SCB),
- The Bank of Punjab (BOP),
- Bank Alfalah Limited (BAFL)
The research is aimed at providing unbiased projections and competitive intelligence on Pakistan’s banking industry till year 2013.
These banks are generally regarded as More >
Unresolved Financial Scam at Bank of Punjab
Jun 26th
Following letter appeared in the Dawn, Letters to Editor section, regarding financial scam at the Bank of Punjab. We are reproducing it below for your information.
IN Pakistan state institutions are not bothered when public money is squandered, wasted, looted or stolen.
The Punjab Bank scam is just one of the many such daylight robberies that remain unresolved, while both the culprits and beneficiaries sit comfortable either in Pakistan or abroad.
The problem is that the establishment, which has milked this cow dry, does not want to set a precedent where those guilty of robbing public money face criminal charges.
There are international laws where More >
Governor SBP Warns Against Narrow Credit Base
Jun 20th
Governor State Bank of Pakistan Salim Raza has said that only 0.5 per cent big borrowers, with loan size of more than Rs10 million, are enjoying 72 per cent of banks’ loans, a situation that is highly risky for banks.
He was delivering a keynote address at a prize distribution ceremony of the Institute of Bankers Pakistan (IBP) in Karachi on June 18, 2009.
No Future for Islamic Banking say BIZTEK Speakers
Jun 19th
Speakers at a conference on Islamic banking, has said that the Islamic banking as being practiced in Pakistan was not Islamic banking, and there is no future for such kind of banking, reports The Nation.
Speakers at BIZTEK Seminar on “Islamic Banking: Opportunities and Challenges” said that it is not possible to have risk free credit products in a world that is confronted with crisis after crisis. They called for an open-ended approach to see how best Islamic banking could enjoy credence in an economy where it has to compete the banking system attuned to the capitalist system.
According to renowned economist Dr More >
