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CY19 suggests resilience of banking sector to COVID-19 pandemic

Karachi, June 15, 2020: The State Bank of Pakistan (SBP) has issued its flagship annual publication, the Financial Stability Review (FSR) for CY19. The Review presents performance and risk assessment of various segments of the financial sector including banks, non-banking financial institutions, financial markets, non-financial corporate and financial market infrastructures. The FSR notes that the…

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COVID-19 panic may raise further

Karachi, June 12, 2020: Ahmed Chinoy Chairman of Pakistan Cloth Merchants Association has said more than 15 million people are living in Karachi and only 15 Government, private and charitable hospitals are dealing with Coronavirus patients. He has requested the Government to increase the number of beds at HIGH DEPENDENCY UNITS (HDUs) & INTENSIVE CARE…

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