Archive for the ‘political uncertainty’ Category

Lure of Pakistan banks overcomes riot fears

January 7, 2008
By Farhan Bokhari in Islamabad 
Financial Times
Jamuary 7, 2008
 

Pakistan‘s political turmoil has failed to deter investors from pursuing the country’s fast-growing banking sector.

“We may have had turbulence recently but as you can see investors are coming to buy out or establish banks in Pakistan
.
“The growth in the banking sector appears to have still outpaced political uncertainty,” said Muhammad Suhail, of Karachi‘s Jehangir Siddiqui Brokerage house.

In the latest development, Saudi Pak Commercial Bank (SPCB) is due to be bought in a $200m deal….

Read the rest:
http://news.yahoo.com/s/ft/20080107/bs_ft/fto010720081525570943

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