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ISLAMABAD:International Monetary Fund (IMF) Managing Director Christine Lagarde on Thursday announced that she would send a mission to Pakistan for bailout negotiations amid emphasis on full disclosure of the debt Pakistan has acquired including from China.The IMF issued a statement after Lagarde met with Finance Minister Asad Umar air force one (https://www.nikeairforce.es) in Indonesia on the sidelines of IMF samba adv (https://www.adidassamba.us) -World Bank annual meetings.During the meeting adidas originals dragon (https://www.adidas-originals.es) , financial assistance was requested from the IMF to help address Pakistan's economic challenges, she said. An IMF team will visit Islamabad in the coming weeks to initiate discussions for a possible IMF-supported economic programme, Lagarde said, adding that the Fund was looking forward to a continuing partnership.After failing to find alternative sources to bridge a $10-billion financing gap in the current fiscal year, Umar on Monday announced that Pakistan would approach the IMF for a bailout package - the second in the past five years.Both Pakistan and the IMF have already Qmju India s Sonia Gandhi supports bill to reserve third of parliament seats for women
KARACHI:Bank of Punjab (BOP) is expected to report Rs6.3 billion as after-tax profit for calendar year 2018, driven by 15% higher net interest income (NII), said Fortune Securities in a note to clients recently.It said the underlying performance of the bank has shown impressive growth over the last few years but largely remained unappreciated due to the overhang of high non-perfo nike air (https://www.airmaxplus.us) rming loans (NPLs), and the looming provisioning charge. We expect the bank to report Rs6. nike air jordan (https://www.nikeairjordan.fr) 3 billion in after tax profits for CY18 (EPS: Rs2.38) driven by 15% higher NII, which is likely to be further bolstered by possible net reversals over the next few quarters, said Fortune Securities. With significantly cleaner asset book, trading at 0.95x 1Q 18 book value and (adjusted for net reversals) 5.4x CY18E earnings, we believe BOP is ripe for price discovery. With 540 br air max thea (https://www.airmaxplus.de) anches across Pakistan and a market share of approximately 3.5%, Fortune Securities said it believes BOP s investment into branch network over th