Finance

Green Banking – a new frontier for the banks in Pakistan

Green Banking – a new frontier for the banks in Pakistan

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 its strategic policy, given the importance of SMEs being attached …

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Federal budget falls short of expectations

Federal budget falls short of expectations

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. To begin with FY21 budget look unrealistic, the GDP growth …

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Intricacies of the national budget

Intricacies of the national budget

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 simply and honestly, budget of any “developing” country, has a …

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Budget 2020-21 and sectoral impact

Budget 2020-21 and sectoral impact

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 to cushion the economic loss arising because of the COVID-19 …

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Power holding floats another Sukuk through PSX

Power holding floats another Sukuk through PSX

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 building in the history of Pakistan Stock Exchange (PSX) and …

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Islamic Finance: a code of life

Islamic finance: a code of life

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 entwined with all other issues; therefore, economic matters are related …

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