Profit Banking Journo

Banking & high finance only seem scary. Our in-house sector analysts tweet from @Profitpk HQ to simplify it all for you!

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Read this week’s story by Mariam Umar and @AhtasamAhmad on challenges faced by the banking sector
https://t.co/dl3j1WLb3D

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The MPC is set to meet on Monday. With inflation still lurking, will the SBP fall to the temptation of a rate cut?
Profit presents both arguments for and against a rate cut
https://t.co/q1n5KEzwjx

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With experienced management at the helm, one would presume the bank made informed choices. Yet, what unfolded? Explore more in @Profitpk 's latest feature with @AhtasamAhmad and Mariam Umar dissecting UBL's strategies. https://t.co/JKQ8zmWqY4

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“Fortune favours the bold”. United Bank Limited (UBL), one of the largest commercial banks in the country, embraced this ethos as it ventured into the realm of leveraged investments in 2023.

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However, during this period, the bank amassed a substantial debt load, coupled with declining yields in the secondary markets. If the central bank opts to maintain current interest rates in the upcoming Monetary Policy Committee meeting, UBL could face significant challenges.

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But will the new government be able to grasp the next IMF deal and lead the country to economic stability? Read the full story at:
https://t.co/OfrfK9PKpE

[Profit Banking Journo @ProfitBanking_]

While the SBP stands firm on near-term targets, scepticism lingers due to the expansive money supply, inflation from commodity prices, fiscal stance, external funding, and upcoming elections which will guide the economic trajectory.
Read: https://t.co/BuJWLDQjUf

[Profit Banking Journo @ProfitBanking_]

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) opted to maintain the policy rate at 22% in its meeting on January 29, 2024.

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The SBP highlighted positive developments like improved reserves, business sentiment, and positive current accounts.

[Profit Banking Journo @ProfitBanking_]

The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) will meet on Mon, Jan 29, 2024 to decide about Monetary Policy. Governor SBP, Mr. Jameel Ahmad will announce the Monetary Policy decision at a press conference post-MPC meeting. Analysts expect the status quo.

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1/ IMF under the SBA review has appraised Pakistan's performance in meeting the agreed-upon targets. The fund has cautioned that before making a decision on a policy rate cut, the SBP should closely monitor price movements and the currency market for any indications of volatility

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6/ Therefore, the question arises: have we reached that point yet? Find out in this article by Ahtasam Ahmad and Mariam Umar:
https://t.co/XMuqOeQ9IS

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Faysal Bank has inched closer to launching its own exchange company as it has received the ‘Certificate of Incorporation’ for its exchange company subsidiary from SECP.

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How would this situation impact the cash strapped situation of Pakistan? Find out, read:
https://t.co/jX5KouAbpO