'Salih had a difficult stint with safety cars and FCY
, but then Charlie did an amazing job to bring us back from fifth to a podium.
'Similarly, 62.77% of total FCYs
sold have been to individuals, 25.40% have been to other ECs, while the remaining 11.83% have been sold to authorized dealers (banks) during FY17,' it added.
'The movement of cash PKR (within a city) and FCY
(across Pakistan) shall be undertaken only by the authorized employee(s) in company's owned vehicles, through air transit or by cash-in-transit company', said the central bank.
Likewise, pretreatment with anti-CD32, CD36, and CD64 diminishes CRP activity, suggesting involvement of both Fcy
and scavenger receptors .
mismatch index = Other FCY
liabilities - (Other FCY
assets - Other FCY
loans to resident households and nonfinancial corporations)/Total assets
Currently, non-performing assets stand at some 3%, NPLs at 1.2%, which is attributable to the moderate share of FCY
loans (30%), mostly in the corporate sector (a ban on FX lending to private individuals was introduced in 2009).
Besides new products, SB has also reviewed the existing products and policies to improve the Shariah compliance environment including Diminishing Musharkah, Corporate Ijarah, Al Mukhtar, Al Irtifa, Al Samarat, PLS account, FCY
PLS account, Asaan account and Charity Policy.
On the other hand, individual foreign currency (FCY
) accountholders have another problem.
For example, the land acquisition phase involves primarily LCY (local currency) component whereas the power generation phase has a huge requirement for FCY
(foreign currency) as the country needs to import turbines and other project machinery.
Beltone explained that gross loans contracted 2.2% q-o-q (+0.6% y-o-y) to EGP 15bn as the bank's foreign currency (FCY
) loan book (46% of total loans) continued to weaken (-10% q-o-q, -26% y-o-y), overshadowing a 6% q-o-q (+44% y-o-y) jump in local currency (LCY) loans, noting that syndicated loans have been contributing the bulk of the bank's loan growth over the past year (representing 24% of corporate loans).
He further said that we were demanding from the Dubai government from numbers of years to stop eradicate the illegal channel and smuggling of the FCY
currencies via Pakistan - Afghanistan to Dubai.