My Comment On The Post By Nazish William

Yeah, that's terrible news for banks. Moreover, you people must have heard about the historical interest-rate cuttings by England's banks, probably state banks. This shows how unstablised they've become.

Pakistani banks are yet in safe heavens. In Pakistan and Gulf Economist, abbreviated as PAGE (week 1-7 Dec.), review on Pak banks came:

"Pakistani banks have been exceptionally resilient during financial crises., primarily due to low international exposure and limited range of financial products and derivatives being almost non existent."

Moreover, in these dwindling days Pakistani banks have the capacity "in taking on more risk-weighted assets." [Sources, PAGE]

But, consumer banking in a great peril. I read in some international business journal, previous month, where Pakistan was amongst the top countries facing huge credit-debits. I feel that greed is itself poverty. And, in previous or two weeks MCB announced that it is going to drop around 450 of its consumer-sector employees. When I asked the reason from my father, who has served in MCB for a few decades, he said that they've been left with no work, i.e, consumer banking.

And, thanks for the link!