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| Money & Banking | [11-18 of 18 stories]
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ADB's aide-memoir on power sector debts: MoF asked to be tough on banksISLAMABAD (March 11, 2010): Asian Development Bank (ADB) has advised the Finance Ministry not to bow down before "unreasonable terms by the banks just for the sake of speed," with reference to dealing with power sector debts, according to an aide-memoir, a copy of which is available to the Business Recorder. The Bank has given the deadline of March 31, 2010 to the Finance Ministry for power sector loan transfer documentation, the sources added.
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NBP regains top position in financial sectorKARACHI (March 11, 2010): National Bank of Pakistan (NBP) once again attained the top position in the financial sector with the highest after tax profit of over Rs 18 billion. The Management in appreciation of this performance has announced an additional profit bonus to all its employees consisting of two basic salaries with a minimum of Rs 21,500.
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PPS offers largest network of savings bank services: ZehriISLAMABAD (March 11, 2010): Pakistan Post Savings Bank offers the largest network of savings bank services in the country and serving on behalf of Ministry of Finance and playing a vital role encouraging and mobilising savings among the general populace since long. This was stated by Federal Minister for Postal Service Israr Ullah Zehri.
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SBP accepts over Rs 88 billion bids of MTBsKARACHI (March 11, 2010): The State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs 88,339.775 million with realised value of Rs 81,357.159 million, for sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs).
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THE RUPEE: all-round gains seenKARACHI (March 10, 2010): Comfortable supply of the US currency boosted the rupee versus dollar and euro in the local money market on Tuesday, exports said. On the interbank market the rupee maintained its recovery against dollar, gaining 15 paisa for buying and selling at 84.50 and 84.55, they said.
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