All Stories: Banking System

PM Shehbaz Sharif directed to formulate a comprehensive strategy to effectively resolve the economic problems of the people.

The United Nations on Monday pushed for urgent action to prop up Afghanistan's banks, warning that a spike in people unable to repay loans,...

The agency also observed that banks' slow economic recovery to affect loan quality, with nonperforming loans (NPLs) expected to rise over the coming months from a sector-wide level of 9.9% of gross loans in September 2020.

Global watchdog Financial Action Task Force (FATF) said last week that Pakistan would remain on the grey list, and asked the country to implement the agreed-upon action plan until June.

The Trump administration considered banning China’s Huawei from the U.S. financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant

ISLAMABAD: Moody’s Investors Service on Thursday maintained its stable outlook on Pakistan’s banking system, reflecting strengthening the economy, and high liquidity buffers. The stable outlook also...