Finance

State Bank of Pakistan (SBP) through its recent initiatives and actions has focused its attention on finance-deficient areas such as financial inclusion, low cost housing facility, agricultural credit, SME finance and most importantly, the Green Banking phenomenon. In accordance with …

These are extraordinary days where extraordinary steps and out of box solutions are required. Budget deficit was estimated around 7.2 percent in fiscal year 2019-20 which is around 8.9 percent; likewise budget deficit is being estimated at around 9.1 percent …

When I sat down to write a commentary on Federal Budget FY21, I faced two odds: 1) there was not much to discuss and 2) there was no substantive explanation on how trillions of rupees additional revenue will be collected. …

Whether budgetary conditionalities of the International Monetary Fund (IMF), directives of the State Bank of Pakistan (SBP), maneuvering of the statesmanship or commonalities of the common man, budget of the pandemic times is a very challenging proposition indeed. So very …

The Federal Budget FY21 has an estimated outlay of Rs7,295 billion, 11% lower as compared to last year’s budgeted outlay of Rs8,238 billion. The budget has been slated as a relief budget by the government, where the attempt has been …

Introduction Poverty has occupied foremost place on human development agendas of almost all countries of the world as its prevalence dates back to the existence of human being. The Islamic banks and the Islamic windows of conventional banks pursue robust …

In compliance of constitutional requirement, that limitation of Riba will be state policy of Pakistan, It has been ambitious program of all succeeding governments since late seventies to Islamise all banking transaction to get rid of Riba from the economy …

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 …

According to World Bank, the growth of Islamic finance has been rapid at 10-12 percent annually over the past two decades, with the industry surpassing approximately US$ 2,500 billion in size by 2018. Islamic finance has emerged as an effective …