According to The Express Tribune, the annual report revealed that the sector's total liabilities surged to PKR 9.2 trillion, far exceeding assets of PKR 8.4 trillion.
As Pakistan continues to grapple with a severe economic crisis, its residents also continue to endure some of the worst financial turmoil on a daily basis.
Mumbai (Maharashtra) [India], May 10: In a tumultuous turn of events, the Indian stock market witnessed a staggering plummet of over 800 points on April, resulting in a loss of nearly 5 Lakh crores. Analysts are now warning of an impending financial tsunami as tensions escalate between Iran
Against the backdrop of Kerala's long-standing financial turmoil, Rajeev Chandrasekhar urged the Centre that while giving funds or special funds to Kerala, a condition should be kept that the salaries of the state employees and pensions be paid on time.
At a news conference on Thursday, ECB President Christine Lagarde signalled the bank would be cautious about further rate increases, while stressing it stood ready to provide fresh liquidity to banks.