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24th March, 2013
A mystery day for banks
How much advances were made on the last day of the government on March 16, a Saturday when banks are normally closed.
How much advances were made on the last day of the government on March 16, a Saturday when banks are normally closed.
21st March, 2013
Cyprus shuts banks in scramble to secure bailout
Cyprus ordered banks to stay shut for another five days as ministers scrambled Wednesday to draw up a Plan B aimed at securing a bailout .
Cyprus ordered banks to stay shut for another five days as ministers scrambled Wednesday to draw up a Plan B aimed at securing a bailout .
21st March, 2013
Banks invest Rs121bn in govt papers
Banks parked Rs121 billion in treasury bills on Wednesday with Rs115bn of this investment made in the three-month papers reflecting rising uncertainty.
Banks parked Rs121 billion in treasury bills on Wednesday with Rs115bn of this investment made in the three-month papers reflecting rising uncertainty.
21st March, 2013
Cyprus shuts banks
Cyprus on Tuesday ordered banks to stay shut for another five days as ministers scrambled to draw up a Plan B aimed at securing a bailout.
Cyprus on Tuesday ordered banks to stay shut for another five days as ministers scrambled to draw up a Plan B aimed at securing a bailout.
9th September, 2012
Global sukuk supply less than half of demand -E&Y
Global Sukuk stands at half of investor demand, and the gap may widen unless more Islamic institutions are developed, according to consultancy Ernst & Young.
Global Sukuk stands at half of investor demand, and the gap may widen unless more Islamic institutions are developed, according to consultancy Ernst & Young.
7th August, 2012
Standard Chartered poses risk to US custody banks -Bernstein
Fallout from SCB's alleged transactions with Iran could quickly become a liability to top US custody banks, said Bernstein Research analyst Brad Hintz.
Fallout from SCB's alleged transactions with Iran could quickly become a liability to top US custody banks, said Bernstein Research analyst Brad Hintz.
6th August, 2012
State Bank allows relaxations under Export Finance Scheme
State Bank of Pakistan SBP has allowed more relaxations to exporters under Part- II of Export Finance Scheme EFS.
State Bank of Pakistan SBP has allowed more relaxations to exporters under Part- II of Export Finance Scheme EFS.
2nd August, 2012
US Congress approves new Iran sanctions on oil, shipping sectors
Congress passed a new package of sanctions against Iran that aims to punish banks, insurance companies and shippers.
Congress passed a new package of sanctions against Iran that aims to punish banks, insurance companies and shippers.
28th July, 2012
At least three banks seen central to Libor rigging
Sources close to the investigation suggest that traders working at three major European banks were heavily involved in rigging global interest rates.
Sources close to the investigation suggest that traders working at three major European banks were heavily involved in rigging global interest rates.
3rd July, 2012
Rs770m fines imposed on 1-Link, 28 banks
The Competition Commission of Pakistan has imposed a penalty of Rs770 million on the ATM service provider and partner banks for uncompetitive behaviour.
The Competition Commission of Pakistan has imposed a penalty of Rs770 million on the ATM service provider and partner banks for uncompetitive behaviour.
21st June, 2012
Dollar resilient after Fed largesse, euro dips
The dollar held above a one-month low against major currencies, even after the Federal Reserve went for another round of monetary stimulus.
The dollar held above a one-month low against major currencies, even after the Federal Reserve went for another round of monetary stimulus.
21st June, 2012
SBP launches microfinance credit bureau
The State Bank launched a microfinance-exclusive credit information bureau (MF-CIB) to give a boost to the microfinance sector.
The State Bank launched a microfinance-exclusive credit information bureau (MF-CIB) to give a boost to the microfinance sector.
20th June, 2012
Farm loans rise by 13pc
State Bank said that agricultural credit disbursement by banks surged by 13.1 per cent on year-on-year basis to Rs255 billion in the first 11 months.
State Bank said that agricultural credit disbursement by banks surged by 13.1 per cent on year-on-year basis to Rs255 billion in the first 11 months.
15th June, 2012
Dollar, euro dip against yen in Asian trade
The dollar and euro weakened against the yen in Asian trade on Friday amid growing fears over weekend elections in Greece.
The dollar and euro weakened against the yen in Asian trade on Friday amid growing fears over weekend elections in Greece.
15th June, 2012
Banks told to process cases of sugar export
The State Bank on Thursday advised all authorised dealers in foreign exchange (Banks) to process the cases of sugar export.
The State Bank on Thursday advised all authorised dealers in foreign exchange (Banks) to process the cases of sugar export.
11th June, 2012
Oil prices rally in Asia on Spain bailout
Oil prices jumped in Asian trade with traders cheered by a eurozone agreement to bail out Spain's beleaguered banks and easing Chinese inflation.
Oil prices jumped in Asian trade with traders cheered by a eurozone agreement to bail out Spain's beleaguered banks and easing Chinese inflation.
6th June, 2012
Moody’s downgrades Commerzbank, other German banks
The international credit rating agency downgraded the credit ratings of six German banks, including the country's number two Commerzbank.
The international credit rating agency downgraded the credit ratings of six German banks, including the country's number two Commerzbank.
5th June, 2012
Euro rises ahead of G7 conference
The euro rose against the dollar and yen in Asian trade on Tuesday as markets awaited talks on Europe's fiscal crisis and Spain.
The euro rose against the dollar and yen in Asian trade on Tuesday as markets awaited talks on Europe's fiscal crisis and Spain.
31st May, 2012
Yen hits multi-month highs against euro, dollar
The yen hit fresh multi-month highs against the euro and dollar in Asian trade Thursday as nervous traders flocked to the safe haven currency amid worries over Spain.
The yen hit fresh multi-month highs against the euro and dollar in Asian trade Thursday as nervous traders flocked to the safe haven currency amid worries over Spain.
28th May, 2012
Asian markets rise after Greece opinion poll
Asian markets rose on Monday as an opinion poll indicated a victory for pro-austerity conservatives in next month's Greek general election.
Asian markets rose on Monday as an opinion poll indicated a victory for pro-austerity conservatives in next month's Greek general election.
