|
Headline: Pakistan Source: Euromoney Date: July 2001 Best bank: Muslim Commercial Bank General Pervez Musharraf, or since June 20 President Musharraf, and his technocrats and businessmen are making a difference in the battle to clean up the financial sector. Consolidation is being pushed by the central bank. It believes the banking industry is far too fragmented. In an attempt to force the issue the capital adequacy requirement of commercial and investment banks is being raised. At the moment it stands at PRs500 million ($8 million), increasing to PRs750 million by the end of the year. |
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
