Pakistan’s Banking Sector Orchestrates Historic Rs 1.3 Trillion Financial Deal to Tackle Circular Debt
Pakistan’s banking industry plays a pivotal role in structuring the largest-ever Rs 1.3 trillion financial deal to address the country’s circular debt, with experts emphasizing the need for billing, governance, and collection reforms for long-term stability.
Bank Makramah Concludes Sale of Iconic Cullinan Tower in Clifton Karachi
Bank Makramah Limited has finalized the sale of Cullinan Tower in Clifton, Karachi, following Board approval and execution of the Sale Purchase Agreement, marking a major strategic asset divestment.
Pakistan Moves to Tackle PKR 2.3 Trillion Circular Debt with Coordinated Financial and Digital Strategy
Pakistan’s government, central bank, and power sector stakeholders are rolling out a coordinated strategy to resolve the country’s massive PKR 2.3 trillion circular debt, combining financial restructuring, digital monitoring, and redirected cash flows to revive economic stability.
Askari Bank Secures SBP Approval for Rs6 Billion TFC Buyback to Strengthen Capital Structure
Askari Bank obtains green light from SBP to execute Rs6 billion buyback of its Tier II Term Finance Certificates, a strategic move to optimize its capital base and reinforce investor confidence.
KSE-100 Suffers 1.74% Weekly Drop as Geopolitical Tensions Weigh on Investor Confidence
The KSE-100 index ended the week down 1.74%, with geopolitical tensions and weak macroeconomic signals keeping investors cautious. Trading remained lackluster as global uncertainty overshadowed domestic reforms and financial agreements.
NBP Exits Global Hubs: Shuts Down Paris and New York Branches Amid Strategic Consolidation
National Bank of Pakistan (NBP) closes its branches in Paris and New York as part of a global consolidation strategy, citing financial losses and regulatory compliance challenges.