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Pakistan

Cash
MCB Bank to automate treasury operations with Misys solution
Pakistan’s MCB Bank announces a partnership with Misys and IBM to improve risk management and compliance.
By Jonathan Wong | 1 November 2011
Awards
Country Awards 2011
We are pleased to announce the winners of our annual Country Awards for Achievement.
By FinanceAsia Editors | 22 June 2011
Cash
Mandates and payments roundup, June 7
Habib Bank implements a new core banking solution, while IndusInd Bank awards a cards mandate to ElectraCard Services.
By Jonathan Wong | 7 June 2011
Cash
Mandates and payments roundup, May 31
Pakistan's MCB Bank chooses a payments filtering solution from Logica, while SmartPay and AliPay receive payment licences in China.
By Jonathan Wong | 31 May 2011
Cash
Mandates and payments roundup, May 24
SunGard wins treasury mandate from Pakistan's United Bank, while the State Bank of India partners with Diebold for ATM deployment.
By Jonathan Wong | 24 May 2011
Business Moves
Macquarie and Pakistan's Foundation Securities pair up
Macquarie Capital Securities signs a cooperative agreement with Pakistan's Foundation Securities to offer investment banking and securities services.
By Lara Wozniak | 17 March 2011
Cash
J.P. Morgan wins Pakistan bank mandate
Pakistan’s Bank Alfalah awards a regional cash and treasury mandate to J.P. Morgan.
By Jonathan Wong | 11 January 2011
People Moves
Deutsche hires Faizan Mitha to head Pakistan operations
Faizan Mitha joins Deutsche Bank as chief country officer for Pakistan, replacing Shazad Dada who left for Barclays last year.
By Sameera Anand | 5 January 2011
Cash
Payment news, April 13
PayPal suspends payments for Japanese users, while JBIC steps up financing facilities in Asia.
By Jonathan Wong | 13 April 2010
M&A
MCB Bank buys RBS's Pakistan business
Pakistan's MCB Bank buys the local operations of the Royal Bank of Scotland for $87 million, representing a book value multiple of 0.73 times.
By Sameera Anand | 11 August 2009
Debt
Hutchison brings tender to investment-grade investors
The Hong Kong conglomerate offers to buy back up to $1.5 billion worth of bonds from four different issues. Meanwhile, Pakistan Mobile's tender is oversubscribed and Greentown ...
By Anette Jönsson | 12 May 2009
Debt
Pakistan Mobile bond tender triggers default alert
S&P says the material tender discount of up to 30% versus face value would prompt it to put a default rating on the bonds if the proposed transaction is completed.
By Anette Jönsson | 17 April 2009
View Point
Pakistan to request IMF loan
Pakistan agrees on the terms of a $7.6 billion loan from the IMF as the Friends of Democratic Pakistan get ready to meet in the Gulf.
By Edward Russell | 17 November 2008
View Point
Pakistan near debt default
Barely a month since the presidential election, falling foreign currency reserves have forced Pakistan’s new government to turn to the IMF for a loan.
By Edward Russell | 22 October 2008
Business Moves
New Middle East infrastructure financing initiative
Financial institutions launch an infrastructure finance initiative for the Middle East and South Asia.
By Edward Russell | 1 September 2008
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