Stories from Kazim Alam
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Foreign exchange: Reserves hit 12-year low, SBP data reveals
$3.4b left in the kitty as rupee depreciates further.
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Housing finance: Weak foreclosure laws discourage banks from offering house loans
Financial institutions account for less than 2% of all housing transactions.
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Engro Fertilizers conducts first phase of IPO successfully
75% of total issue size sold off in book-building phase.
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Financial markets: Standard Chartered gives thumbs-up to Pakistan
Regional management says operations in Pakistan are still profitable and attractive.
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Merger and acquisition: Foreign firm shows interest in Meezan Bank
Targeting 49% shares in the largest Islamic bank in the country.
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Foreign investors inject $284m into Pakistan’s economy
Oil and gas sector receives highest amount in July-Oct period.
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Financial sector: Discount rate hike to augur well for banks, say analysts
Bank profits to increase despite rise in deposit rates.
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Legal quagmire: Dawood Takaful CEO elaborates on demands by Takaful companies
Separation of operations between conventional and Islamic insurance a priority.
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Monetary policy: Policy rate hike in line with expectations
State Bank increases policy rate by 50 basis point keeping inflation in mind.
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Possible revision: Analysts anticipate increase of 50 basis points in policy rate
State Bank to unveil monetary policy statement today.