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State Bank of Pakistan (SBP) needs to ensure that the Common Joe does not lose his savings in KASB Bank. If the owners of the businesses are to be sold to make the loss so be it. meanwhile SBP or National Bank of Pakistan (NBP) should use their resources to pay back all the depositors of KASB Bank.

While SBP has issued a clarification clearly stating that the Banking industry is of sound health and KASB's moratorium was only a one of event, the market has wrongly perceived MCR (minimum capital requirement) to be the sole indicator to gauge the financial health of Banks. This is far from the truth. more appropriate indicator of a bank's safety level is CAR (Capital Adequacy Ratio) which measures adequacy of capital against the risks that a bank has taken.
Apropos "Country faces 4,000MW [electricity] shortfall", carried by Business Recorder on Sunday, it is a matter of grave concern that country still faces a huge shortfall of electricity. According to the report, "the country is facing total power shortage of 4,000 MW, as electricity generation stands at 9,000 MW against the total demand of 13,000 MW. The total power generation in the country at present stands at 9,000 MW, while the total demand is 13,000 MW, as a result consumers in urban areas are facing at least eight hours loadshedding, while in rural areas 12 to 14 hours power outage a day."
Apropos "China central bank cuts interest rates in surprise move" carried by Business Recorder on Saturday, it is quite surprising that "China's central bank has unexpectedly cut benchmark interest rates for the first time in more than two years, as authorities seek to prop up flagging growth in the world's second-largest economy."
First Russian Defence Minister's visit to Pakistan in four decades is a right step in realigning Pakistan's foreign policy in military partnership and focus shall be on broadening it into wider economic and social ties as well. It's imperative for both countries to enhance and improve bilateral terms.
Parliamentary Committee on Electoral Reforms has reportedly asked Election Commission of Pakistan (ECP) to finalise its proposal on a biometric system of identification and the use of electronic voting machines (EVMs) to be employed in the general election 2018.
Apropos 'Police ought to arrest Imran: govt' carried by Business Recorder on November 15, how ironic it is that federal Minister for Information and Broadcasting Pervaiz Rasheed has said that police ought to implement arrest warrants for Pakistan Tehreek-e-Insaf chief Imran Khan issued by an Anti-Terrorism Court (ATC) in a case relating to an attack on the state television channel building and torture to police personnel.

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln