KARACHI: Moody’s on Thursday downgraded Pakistan’s outlook from stable to negative due to the country’s external vulnerability risk and uncertainty around the country’s ability to secure additional financing to meet its needs, a statement said. Pakistan’s external vulnerability risk has been amplified by rising inflation, which puts downward pressure on the current account, currency and … Read more
KARACHI: The State Bank of Pakistan (SBP) has issued revised “Corporate Governance Regulatory Framework” with the objective to further strengthen the corporate governance regime of banks and the DFIs and to align the same with international standards and best practices. The framework, which has been developed in consultation with the key stakeholders, covers Fit and … Read more
LAHORE: Punjab Governor Chaudhry Mohammad Sarwar has said that governance and inflation are the real challenges for the government and not the opposition. “We have to improve governance and introduce a system of reward and retribution at all levels. Whoever commits corruption, he must be punished to set a precedent,” he said, while addressing the … Read more
