Pakistan News

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  • Loan recovery eludes India’s banks

    MUMBAI: A recovery in India’s credit growth could elude the country’s banks until early 2016, despite an economy that in the first three months of this year is expected to have outpaced China...

    ”Bhattacharya forecast loan growth of 14pc for the current financial year to March 2016 for SBI...

  • $1bn loan by Chinese banks will further strengthen Pak-China economic ties: SBP governor

    Pakistan has once again turned to China for help in avoiding a foreign currency crisis by borrowing $1 billion from Chinese banks in April on "good, competitive rates”, the Financial Times (FT) reported on Wednesday...

    The publication ran an interview of State Bank of Pakistan (SBP) Governor Tariq Bajwa, who said that the loans by Beijing-backed banks would further strengthen the economic ties between the neighbouring countries that...

  • Govt hires UAE banks to raise $200m loan

    DUBAI: The Government of Pakistan is raising a $200 million syndicated loan with three United Arab Emirates (UAE) banks, banking sources familiar with the matter said, as Islamabad clings to external funding to stave off the pressure on balance of payments...

    The loan, with a one-year maturity, is being arranged by Commercial Bank of Dubai, Emirates NBD, and Noor Bank, said the sources...

  • $375m syndicated loan signed with UAE banks

    DUBAI: Pakistan signed a $375 million syndicated loan with banks in the United Arab Emirates in June made up of conventional and Islamic banking tranches, the government said on Saturday...

    The tranches were fully subscribed by a syndicate of leading UAE banks, the statement said...

  • Sharif back in Pakistan for personal, party reasons

    LAHORE: Pakistan Muslim League insiders say there is a solid reason why ousted prime minister Nawaz Sharif ignored advice from his daughter Maryam Nawaz and returned to Pakistan to face corruption and money laundering cases against him in the accountability court: to stop the party birds from flying over to the ‘opposite’ camp...

    It may be recalled that Ms Nawaz’s message to her father through Twitter was that he “must not be a part...

  • It's personal: five memorable India-Pakistan cricketing spats

    There is never a dull moment when India and Pakistan clash in cricket...

    Ahead of their showdown in the Champions Trophy final on Sunday, here are five of their most memorable spats:Indian wicketkeeper Kiran More angered Pakistan's mercurial Javed Miandad at the 1992 World Cup in Sydney with constant appeals for a dismissal...

  • Weak personal income tax compliance affecting tax culture in Pakistan: report

    ISLAMABAD: A new United Nations report says that the weak personal income tax (PIT) compliance in Pakistan poses serious questions about the accountability and fairness of the system and this in the long run casts a shadow on the efforts to create conducive tax culture in society...

    Citing examples, the report says in Pakistan the Federal Board of Revenue discovered a few years ago that more than 1...

  • Art mart: The personal is political

    Since their graduation, they have been exhibiting nationally and internationally to sustain themselves as the emerging talent of contemporary miniature art in Pakistan...

    Shaukat, on the other hand, considers art as a personal reference of life and a career of her body and soul...

  • 50 sea bathers released on personal bonds

    KARACHI: Over 50 picnickers were released on personal bonds by judicial magistrates on Tuesday in cases pertaining to violating the ban on swimming in the sea imposed by the city administration...

    The magistrates released them after taking personal bonds and directed them to appear before the courts concerned after the public holidays...

  • Petition seeks Siegel’s personal appearance before ATC

    ISLAMABAD: The cross examination of American lobbyist Mark Siegel has been delayed after former president retired Gen Pervez Musharraf demanded Mr Siegel’s physical appearance before the Anti-Terrorism Court (ATC), claiming that his statement recorded earlier in the Benazir Bhutto murder case was illegal...

    The Rawalpindi ATC on Wednesday admitted for hearing a petition filed by Barrister Farogh Naseem on behalf of Gen Musharraf which...
  • A personal narrative

    A quick read of Paracha’s draft revealed it to be a coming-of-age story, set against Pakistan’s political climate in the 1970s and ’80s...

    Of course, I was reading with an eye for an audience in the US, where interest in books by Pakistani authors about security and politics in Pakistan is waning...

  • PM Abbasi visited London on personal expense: PM House

    The Pakistan Tehreek-i-Insaf (PTI), for example, accused Abbasi of using "taxpayer money to visit a disqualified person"...

    When questioned by reporters on his arrival in London, Abbasi had said he was visiting London in his personal capacity and had taken a day's leave from his office in order to attend the meeting...

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