Banking & Finance
Thursday, 07 March 2013 01:15
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ISLAMABAD: The Federal Government has appointed Ashraf Mahmood Wathra as Deputy Governor, State Bank of Pakistan (SBP) for a period of three years from the date he assumes office.
A notification issued by the Finance Division, Islamabad on Wednesday said.
According to a statement of SBP, Mr. Wathra brings 35 years of commercial & investment banking experience to his new assignment.
He is currently serving the National Bank of Pakistan (NBP) as its Senior Executive Vice President & Group Chief, Credit Management Group, since October, 2012.
Before joining NBP, Mr. Wathra served Habib Bank Limited from April 1999 to September 2012 in various responsible capacities such as Regional General Manager (Bangladesh), Executive Vice President & Regional General Manager (Singapore), Executive Vice President, Group Executive and Risk Manager & Senior Credit Officer, Asset Remedial Management Group.
He was attached with Faysal Bank Limited from May 1992 to March 1999 in senior positions such as Executive Vice ...
KARACHI: The Governor of State Bank of Pakistan (SBP), Yaseen Anwar, has observed that the financial system in Pakistan is yet to grow to its full potential and play a more meaningful role in the economic development of the country.Delivering his speech on `Developing Non-Bank Financial Models while addressing the risks of Shadow Banking' at the SECP Conference on Non-Bank Financial Institutions at a hotel here on Monday, he said that we definitely need to ...
ISLAMABAD: Chairman of the Apna Microfinance Bank Limited (AMBL) Mian Shahid here on Friday said that Small and Medium Enterprises (SMEs) will be given preference in provision of credit.He said that he will his try best to ensure uninterrupted flow of finances to the critical SME sector without which economy cannot be revived.Talking to a delegation of female entrepreneurs led by Farida Rashid, President Islamabad Women Chamber of Commerce and Industry (IWCCI), he said the ...
ISLAMABAD: The total liquid foreign reserves held by the country stood at $13,185.0 million on February 22, 2013.
Giving the break-up of the foreign reserves position, a statement of the SBP said that Foreign reserves held by the State Bank of Pakistan stood at $8,227.0 million while the net foreign reserves held by banks (other than SBP) were $4,958.0 million on February 22.
Copyright APP (Associated Press of Pakistan), 2013
...
PESHAWAR: The Bank of Khyber (BoK) has recorded a robust growth in all sectors during last five years despite challenging economic conditions and marginalized businesses in the country.
The bank is well positioned to meet all financial and regulatory requirements liable under rules of the central bank, said the Managing Director, BoK Bilal Mustafa, while predicting a rosy future of the public sector financial entity of the KP province at the Guest Hour program here on ...
KARACHI: State Bank of Pakistan (SBP) has issued guidelines for authorised dealers in foreign exchange regarding operations of private foreign currency accounts.
SBP, in a circular issued here on Wednesday, advised the dealers to strictly observe the following conditions.
a) All applicable SBP instructions including Prudential Regulations regarding AML/ KYC should be strictly followed.
(b) As already advised in Para 1(iii), Chapter VI of FEM, the Corporate Bodies/ Legal entities cannot generate funds from the kerb market for ...
KARACHI: National Bank of Pakistan (NBP) has posted a lower profit after tax of Rs16.887 billion during the financial year ending December 31, 2012 and declared 15% bonus and 70 % final cash dividend.According to financial results of the Bank despatched to Karachi Stock Exchange here Monday, the pre-tax profit declined to Rs24.063 billion for the period under review against Rs26.131 billion last year.The earning per share slipped to Rs9.13 in 2012 compared to Rs9.58 ...
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