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Monday, February 13, 2006
Pakistan Bank Boom Reaping Record Profits
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www.khaleejtimes.com
Bank profits have risen sharply over the last three years. Fiscal 2004 saw record profits. Profits were up a massive 105 percent in nine months to September, 2005. The boost in the banks’ market capitalisation was 200 per cent. Banks, both foreign and domestic, are outperforming all financial sectors, as Pakistani economy moves on a …
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