Cover Stories

There are different barriers to financial inclusion, one of these is the voluntary exclusion due to religious reasons and the other is the high cost of interest charged to small borrowers. Islamic banking seems to offer reasonable solution to these …

Islamic finance can find rich social grounds for its growth and expansion in Pakistan and as this sector dominate Shariah-compliant services needed to be diversified. Noncompliance of Islamic law can result in withdrawal of funds from an Islamic bank. Hence, …

Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy, is issuing a debt instrument to address the liquidity constraints being faced by Pakistan’s power sector. This is the first ever debt issuance through book …

Islam is more than a religion. It is also a code of life that deals with social, economic, and political matters. Every Muslim is expected to live according to the Islamic code, or Shariah. Each issue addressed under Shariah is …

Akhuwat Foundation is a non-profit company established in 2001 and registered with SECP. Akhuwat aims to alleviate poverty by creating a bond of solidarity between the affluent and the marginalized. Their goal is to develop and sustain a social system …

The COVID-19 pandemic has adversely affected growth in key sectors of Pakistan’s economy and the auto sector is not an exception. The country’s auto sector was already facing a slump before the outbreak of the coronavirus pandemic for many reasons …

For last few weeks, the concept of herd immunity is making headlines in the international media with reference to COVID-19. Herd immunity is an epidemiological term usually reserved to describe how the population as a whole is protected from a …

The devastating economic fallout of the pandemic is being felt across the globe but for poor people in Pakistan who are already struggling to survive there are almost no safety nets to stop them falling into poverty. Over 50 million …

COVID-19 has turned all economies upside down leaving the most vulnerable people in the lurch. Coronavirus pandemic is fast amplifying poverty in the developed and the developing countries alike. All hell has broken loose in particular for the families which …

As hopes are building for easing of lockdown, which should not continue for indefinite period, it is necessary to evaluate the prevailing situation and come up with our own homegrown plan. One of the positive points is, this time International …

To contain the spread of COVID-19, countries around the globe have enforced lockdowns. It has resulted in closure of most of the industries and created havoc on the global economy. It is very human nature that we try our best …

The world today is dealing with a crisis of monumental proportions. The vicious, novel coronavirus is wreaking havoc across the globe, destroying lives and ruining livelihoods. The primary cost of the pandemic as seen in the loss of human lives …