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Pakistani banks pay around $800mn annually to overseas banks to process and receive remittances sent to the country, a Senate standing committee was informed....
Pakistan's banks are earning record profits by lending to their own government rather than to the economy, parking almost two-thirds of their assets in state debt....
Abhi Co-Founder & CEO Omair Ansari says the Pakistani fintech group expects to launch an initial public offering of its microlender in early September this year. He speaks with Paul Allen on "Insight with Haslinda Amin."
(Source: Bloomberg)...
An LNG carrier exited the Strait of Hormuz enroute to Pakistan on May 25, Reuters reported citing data from the London Stock Exchange Group (LSEG) ......
Global equity strategist Christopher Wood notes Pakistan's recent stock surge is an IMF-driven rebound, not a structural shift. He views Pakistan as a high-beta trading opportunity tied to bailout cycles, contrasting it with India's stronger long-term investment potential due to its robust fundamentals and consistent earnings....
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests:
Ludovic Subran, Allianz, CIO & Chief Economist; Anu Talus, European Data Protection Board, Chair; Michele Della Vigna, Goldman Sachs, Head of EMEA Natural Resources Research; Craig Nicol, Sona Asset Management, Head of Credit Strategy. (Source: Bloomberg)...
A Pakistani Shariah-compliant insurance firm plans to raise about 1.1 billion rupees ($3.9 million) in an initial public offering next month, taking advantage of South Asian nation's stock market's record-breaking rally....