Central Bank

Pakistan Central Bank Loosens Loan Requirements As Banks Tighten Audits Accordingly

News Analysis: The State Bank Of Pakistan has altered some of its loan requirements so greater commercial activities can commence. During this process, the various Banks in Pakistan understand that Operational Overviews are Imperative. Increased Transparency will be demanded for the Boards of Directors in each Bank.

Pakistan is wise in cautiously liberalizing loan requirements to spur economic growth. The Textiles supplied for Export should be supplanted with Hard Goods for foreign consumption some people say.   Intelligent and hard working Pakistanis (193 + Million) need to get beyond Agricultural Exports  in this Country of 796,000+ Km2 (307,000+ Mi2).

Investors who understand the higher risk of Investing in Pakistan should also appreciate the Higher Profits that can be attained in the country. Mineral Exploration would be a good start. Certainly the Government would consider Foreign Investment Funds to be important for its citizens’ prosperity.

Reference: http://www.dawn.com/news/1080197/banks-risk-management

Central Bank of Papua New Guinea Suffers Hacking

News Analysis:  The Internet allows Institutions even in more ‘remote’ areas, from large metropolises, to be victimized similar to transgressions against the same in major cities of the world. The best IT security systems can be enhanced by employee awareness but a panacea to stop hacking has yet to be invented. Vigilant forensic electronic examination of an event, with the intended apprehension of the miscreants [and their punishment] might dissuade some hackers.

Reference: http://www.postcourier.com.pg/20131029/news03.htm