Pakistan
Raza nominated to replace Akhtar
Saleem Raza, a former executive at Citigroup, has been nominated as the new governor of the State Bank of Pakistan, after the unexpected resignation of Shamshad Akhtar.
Pakistan lifts rates to stem crisis
The State Bank of Pakistan raised interest rates by 2% in an attempt to control inflation, which has spiralled to 25%.
Pakistan's Akhtar: inflation alert
High inflation is hurting Pakistan's competitiveness and eroding the purchasing power of the poor, said Shamshad Akhtar, the governor of the State Bank of Pakistan.
Inflation and fiscal deficit force Pakistan to act
The State Bank of Pakistan has raised its benchmark rate by a full percentage point to 13% in a bid to combat rampant inflation, and a worsening fiscal deficit.
Pakistan's plans consolidated supervision
Pakistan's central bank is moving towards a consolidated supervision system, said Shamshad Akhtar, the governor of the State Bank of Pakistan, in a speech detailing a ten-year strategy for the financial sector.
Pakistan raises rates 150bp
The State Bank of Pakistan hiked rates to 12% on Thursday.
Asia remains strong: Pakistan's Akhtar
The Asian economy will continue to perform well despite the recent global financial market turmoil, Shamshad Akhtar, the governor of the State Bank of Pakistan, predicted.
Pakistan's corporate governance agenda
The governor of the State Bank of Pakistan has outlined an agenda of outstanding corporate governance reforms for the country's banks.
State Bank of Pakistan - Annual Report 2006-2007
The State Bank of Pakistan has changed the formulation, management and conduct of monetary policy over the last 12 months.
Pakistan rates up by half a point
The State Bank of Pakistan's rate-setting board has raised its benchmark interest rate by 50 basis points to 10.5%.
3rd Islamic banking conference in Karachi
The third international conference on Islamic Banking and Finance Risk Management, Regulation and Supervision will be held in Karachi during April 2008, according to an announcement by the State Bank of Pakistan.
Pakistan banking supervision move
The government of Pakistan is planning to take banking supervision away from the central bank and bring banks under the regulatory control of the Securities and Exchange Commission of Pakistan (SECP) through new legislation, the 'Financial Market…
Unexpected tightening in Pakistan
Pakistan's central bank has unexpectedly raised its benchmark interest rate to its highest level in more than five years after inflation exceeded its target.
SBP's Akhtar on the risk management paradigm
In the speech 'Pakistan - changing risk management paradigm - perspective of the regulator' given on 13 March Shamshad Akhtar of the State Bank of Pakistan said the changing economic and banking paradigm has increased the complexities and risk facing…
SBP governor says IMF unhappy over decisions
State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar said in Karachi Monday 30 April that the IMF was unhappy over some of her policy decisions.
Akhtar on an effective Islamic financial system
In the speech 'Building an effective Islamic financial system' given on 27 March Shamshad Akhtar of the State Bank of Pakistan said proper and sequenced development of Islamic Finance (IF) would be critical for this industry to emerge as an effective…
SBP's Akhtar says inflation lower
The governor of the State Bank of Pakistan, Dr. Shamshad Akhtar Wednesday 4 April said the monetary tightening policy has yielded positive results, while maintaining that the core inflation has come down significantly.
Akhtar on Pakistan's regulatory framework
In the speech 'Pakistan - regulatory and supervisory framework' given on 5 March Shamshad Akhtar of the State Bank of Pakistan said the Bank of Finland takes a very positive attitude to the drive for efficiency through deeper cooperation.
Akhtar on Pakistan's banking sector reforms
In the speech 'Pakistan - banking sector reforms: performance and challenges' given on 1 February Shamshad Akhtar of the State Bank of Pakistan said Pakistan, like the rest of Asia, is growing fast and the rise in per capita income, emergence of middle…
Akhtar: Pakistan - investment friendly destination
In the speech 'Pakistan - an investment friendly destination' given on 22 February Shamshad Akhtar of the State Bank of Pakistan said Pakistan offers endless possibilities with its vast untapped resources.
Pakistan's Akhtar on shariah compliance
In the speech 'Shariah compliant corporate governance' given on 27 November Shamshad Akhtar of the State Bank of Pakistan said Pakistan has adopted a three tiered, somewhat unique, Shariah Compliance Mechanism and process to ensure a deeper and extensive…
BNM's Zeti at the INCEIF Strategic Partnership
In welcoming remarks at the INCEIF Strategic Partnership 2006 given on 14 December Dr. Zeti Akhtar Aziz of the Bank Negara Malaysia said one of the strategic steps that INCEIF has initiated is the forging into strategic alliances with the five takaful…
State Bank of Pakistan - Annual Report 2005-2006
According to the State Bank of Pakistan's Annual Report 2005-2006, Pakistan's economy turned in a strong performance in FY06 with real GDP growth of 6.6 percent.
SBP's Akhtar warns speculators of punitive steps
The governor of the State Bank of Pakistan, Dr Shamshad Akhtar, announced on Sunday 10 December that while the SBP would not intervene to stabilise the rupee exchange rate, it would take punitive action against market speculators.