Nawaz Sharif sent packingIn a long-awaited verdict, the prime minister was disqualified which sent tremors through the business community. Following this case, former finance minister Ishaq Dar also had to face legal issues due to which he went on indefinite leave. Habib Bank receives a financial hitIn a surprising move, Habib Bank Limited had to shut down its New York branch due to its failure to comply with New York laws and regulations. New entrants into Pakistan’s auto sectorThe auto sector fared well as foreign companies announced plans to enter the Pakistani market. SBP grants licence to Bank of ChinaBank of China opened its branch in Karachi, which was its first branch in South Asia.

Source: The Express Tribune January 01, 2018 04:30 UTC