Pakistan
LATEST ARTICLES
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The 34th annual Asiamoney Brokers Poll is a Vox Populi poll that identifies the leading brokerages for equities research, sales and trading in Asia. Voters are institutional investors who represent fund management firms, wealth managers, hedge funds, pension funds, and insurance companies that trade in Asia.
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Pakistan has been trying to improve financial inclusion for the last 20 years with little success. Are new digital licences the answer?
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The 33rd annual Asiamoney Brokers Poll is a Vox Populi poll that identifies the leading brokerages for equities research, sales and trading in Asia. Voters are institutional investors who represent fund management firms, wealth managers, hedge funds, pension funds, and insurance companies that trade in Asia.
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Credit Suisse’s willingness to take Pakistan far more seriously than many of its global peers has paid off handsomely in the past year.
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Arif Habib’s hopes for the stock market in Pakistan were dashed this year. Granted, its analysts were not alone in predicting that after a bruising 2021, the KSE-100 Index would bounce back in 2022. But AHL’s prediction that the market would make history, topping 55,000 points, grabbed headlines.
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In its 15 years of existence, JS Bank has come to be known for many things. It is one of Pakistan’s fastest-growing financial institutions, a leader in the digital banking space and a generator of insurance products. But the bank’s most important influence may be how its strong commitment to diversity and financial inclusion is prodding peers to follow its lead.
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Timing is everything when it comes to investing. So United Bank’s decision to bet big on building digital platforms in the two years before the pandemic hit was apposite.
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Bank of Punjab is a commercial banking power that has acquired a solid reputation for serving clients and making markets in Pakistan, particularly in recent years after Zafar Masud took over as chief executive in early 2020.
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HBL is Pakistan’s first commercial bank, having been set up in 1941, before moving its operations to the country in 1947 at the request of newly independent Pakistan’s first leader, Muhammad Ali Jinnah. It is now the nation’s largest private-sector bank, and winner of Asiamoney’s award for the best domestic bank in Pakistan this year.
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MCB Bank, one of Pakistan’s oldest financial names, has travelled a rather circuitous path to become a corporate banking mainstay. It was founded in 1947 as a private-sector institution, then nationalized in 1974 and privatized in 1991. Shoaib Mumtaz, who was appointed chief executive at the end of 2021, has been with the bank since he joined a year after its privatization.
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Since 1863, Standard Chartered has consistently brought the world to Pakistan’s lively economy. As fate would have it, the bank’s 150th year as a financial bridge to the south Asian market is proving to be among the toughest.
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In January, local media buzzed with news of a partnership between Allied Bank, non-profit finance outfit Karandaaz Pakistan and tech firm Techlogix Mobility. The plan was to increase financial inclusion, one small and medium-sized enterprise at a time.
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Imran Khan’s government was toppled in April, but it didn’t take long for its replacement to make a new deal with the IMF, just as many have done before. How can Pakistan break its IMF addiction?
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Zafar Masud survived a plane crash a month after he took over as Bank of Punjab’s chief executive. The experience pushed him to double down on his beliefs – and take this regional Pakistani bank to the next level.
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The 32nd annual Asiamoney Brokers Poll is a Vox Populi poll that identifies the leading brokerages for equities research, sales and trading in Asia. Voters are institutional investors who represent fund management firms, wealth managers, hedge funds, pension funds, and insurance companies that trade in Asia.
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Meezan has rapidly become one of Pakistan’s leading banks, thanks to a couple of early acquisitions.
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Asiamoney has selected two senior women who have advanced in Asia’s highly competitive banking industry. Their stories throw light on how the sector is tackling gender diversity.
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A much-needed and long-overdue shake-up is starting to pay off, but National Bank of Pakistan’s chief executive is still fighting hard against the old ways of doing business.
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Allied Bank (ABL) has long put both employees and the wider public at the top of its corporate and social responsibility (CSR) agenda. That was no different in 2020 during the Covid crisis.
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For the third year in a row, JS Bank is Asiamoney’s best bank for small and medium-sized enterprises (SMEs) because of its unwavering focus on this part of the market during a particularly tough period.
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Pakistan’s banks, like others worldwide, faced a big test in 2020 when Covid struck and disrupted the traditional way to bank and do business. But numerous banks managed to capitalize on the pivot to online and digital banking, thanks to the efforts made ahead of the pandemic to modernize services.
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Credit Suisse, which has operated in Pakistan since the 1990s, has an enviable relationship with the Ministry of Finance, having arranged the government’s first loan in 2013.