Six Pakistani banks named in FinCEN leak: Report

Sep 23, 2020

Islamabad [Pakistan], September 23 : As many as six Pakistani banks have been identified for suspicious transactions for close to USD 2.5 million, in...

Chinese banks to refinance Pakistan with USD 2.3 billion funding

Jun 02, 2022

Islamabad [Pakistan], June 2 : China on Thursday agreed to refinance Pakistan with USD 2.3 billion worth of funds amid the dwindling foreign exchange...

Complaints against Pakistan banks mount by 46 pc, says report

Jan 26, 2022

Islamabad [Pakistan], January 26 : Throwing light on Pakistan's banking system, a recent report has revealed that complaints by customers in the country's banks...

Moody's downgrades 5 Pakistani banks' ratings; maintains negative outlook

Oct 12, 2022

Islamabad [Pakistan], October 12 : Moody's Investors Service has downgraded the long-term deposit ratings to Caa1 from B3 of five Pakistani banks.

Chinese banks to provide USD 2.3 bln to Pakistan 'within days' under loan agreement

Jun 23, 2022

Islamabad [Pakistan], June 23 : To cope up with country's dwindling cash reserves, loan of USD 2.3 billion from a Chinese consortium of banks...

State Bank of Pakistan raises Cash Reserve Requirement of banks by 1 pc to curb inflation

Nov 14, 2021

Karachi [Pakistan], November 14 : The State Bank of Pakistan (SBP) on Saturday raised Cash Reserve Requirement (CRR) by one percentage point for scheduled...