Akhuwat Foundation is a non-profit company established in 2001 and registered with SECP. Akhuwat aims to alleviate poverty by creating…
Browsing: Finance
According to World Bank, the growth of Islamic finance has been rapid at 10-12 percent annually over the past two…
[box type=”shadow” align=”” class=”” width=””]Brief Profile: Experienced accounting, finance, management and economics professional holding FCCA (senior ACCA member), BSc (Hons) in…
Emerging Asian markets have had a significant impact on the growth of the fast-moving consumer goods (FMCG) segment. The region’s…
HABIB BANK LIMITED (HBL) has posted earnings of Rs1.7/share, down by 63%YoY. Despite Rs3.2 billion reversal in Workers Welfare Fund (WWF)…
A youth in his late 20s, a banking professional, was not glad when asked about his investment. He disclosed that…
“Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give…
The quantum of Government of Pakistan (GoP) borrowings from State Bank of Pakistan (SBP) has lately reached 12.6 percent of…
In the recent months Pak rupee has depreciated significantly. This has on one hand increased debt servicing and on the…
The above table gives a snapshot of banking industry performance at the close of third quarter of CY2018. From the table, key…
In the wake of widening external deficits, dwindling reserves and uncompetitive exports in the back drop of political uncertainty, the…
Balochistan still lacks proper system of financial inclusion. Simply speaking, it still lacks access to formal financial services including savings,…
As the State Bank of Pakistan (SBP) is scheduled to announce Monetary Policy on Saturday, this week, it is anticipated…
PMN-Nawaz government completed its five-year term on 31st May 2018. During its entire regime it has been boosting about putting…
Analysts reveal that the Pakistan rupee could face additional pressure in the upcoming weeks, in the midst of the country’s…
In a fresh move against money laundering in the country, the State Bank of Pakistan (SBP) has directed money-exchange companies…
Ramazan is that time of the year when expatriates send money to their loved ones back home so that they…
Islamic funds industry has not yet fully developed and diversified in Pakistan whereas Islamic finance can find rich social grounds…
Owners and managers of a large number of SMEs have a deeper craving for Shariah-compliant financial services than large businesses…
The Birth of ABPL – 1991 – Al Baraka Bank (Pakistan) Limited (ABPL) is a solely owned subsidiary of Al…
Islamic mutual fund works in a similar manner as a conventional fund except that the Islamic mutual fund only deploys…
Dubai Islamic Bank Pakistan Limited (DIBPL) is a wholly-owned subsidiary of Dubai Islamic Bank UAE (DIB). The parent company DIB…
The rapid growth of Islamic finance has drawn the attention of national policy makers. There is growing acknowledgement of the…
Let’s analyze the impact of the Federal Budget 2018-19 announced a couple of weeks ago by the couple-of-week old Finance…
As was expected, the budget for FY 2018-19 turned out to be ‘people centric’ as this is the election year…
Addressing the post budget press conference, the Federal Minister for Finance Miftah Ismail said, “We have no intention to go…
From LNG to coal, livestock to stationery, every sector and every type of business enterprise has been showered with exemptions…
Over a thousand points decline in KSE-100 index suggests that the Budget has failed to fetch the interest of Investor…
The Senate Standing Committee on Finance during the post-budget 2018-19 session informed that Pakistan has no more plan to enter…
As the military assistance from the US been reduced, Pakistan has raised its defense spending for the year 2018-19 by…
Looking at the economic progress of Pakistan over the period of last 05 years of the incumbent government, one can…
This is the election year in Pakistan so any discussion on budget is to be read in this context. The…
The federal cabinet approved budgetary papers with total outlay of Rs5,500 billion for budget 2018-19, where tax collection has been…
The Pakistan Stock Exchange’s (PSX) KSE-100 was Asia’s top-performing Index in 2016 but 2017 proved to be a nightmare. Equity-based…
In the upcoming fiscal year 2018-19, the government is considering raising subsidies to Rs 189 billion from the current year’s…
Representative bodies and bodies promoting trade and investment in the country presented the following proposals for the Budget 2018-19: Demands…
Today, Pakistan’s financial sector has transformed into a modern and sound financial sector dominated by private banks. The country’s banking…
One of the themes of a recently organized conference by IBA-CIEF was ‘Making Pakistan Hub of Islamic Finance by 2025.…
According to the latest Quarterly Performance Review (QPR) of the banking sector for the quarter ended 31st December, 2017, released…
A robust banking sector is a healthy sign for the economy of a country. It is this sector that plays…
To create Islamic finance system in India remained misunderstood as Reserve Bank of India (RBI) an autonomous body has been…
Generally, there are misconceptions that current account deficit (CAD) and depreciation of currency are bad omen for any given economy.…
In the current fiscal year, Pakistan rupee has been depreciated number of times against the US dollar before decreased in…
Those who have access to power corridors and also the capacity to influence government are clearly divided into two groups;…
World Bank expects the inflation rate to rise to 6 percent by the end of 2017-18 Inflation refers to price…
Pakistan is working on all round strategy to reform country’s tax structure. The government has planned to lower tax slabs…
The present Pakistani rupee price against the greenback is 115, which increased from 110.5 rupees earlier and this current level…
Pakistan should follow an independent foreign policy. For this purpose the incumbent government should make changes domestically. Global changes are…
In the wake of grey listing of Pakistan by the inter-governmental Paris based Financial Action Task Force (FATF), State Bank…
It is becoming a serious cause of concern for Pakistanis that the incumbent government is borrowing foreign exchange at far…
Islamic banking product gaining popularity in the world and both Muslims and non Muslim customers wish to take the services,…
In order to reduce dependency on the greenback gradually over time, Pakistan has decided to use Chinese yuan for bilateral…
As the Government of Pakistan (GoP) remains the biggest borrower that also offers lucrative return on its risk-free securities, the…
The consumer financing was started in Pakistan during the General Pervez Musharaf regime and was at its peak in 2004-05…
The claims of prosperity and progress made by the incumbent government belie the reality. Almost 50% of the total population…
Consumer financing products include credit cards, personal loans, auto loans and housing mortgage. It not only contributes towards facilitating the…
Pakistani banks have been focusing more on the consumer financing since last two fiscal years. According to State Bank of…
Tourism has been the fastest growing industry of the last decade, as disposable incomes grow throughout the world. The rapid…
Flamboyant financing product Car Ijarah of Meezan Bank is Pakistan’s first interest-free finance based on the Islamic mode of Ijarah…
ORIX Leasing Pakistan Limited (OLP) was established in July 1986 as a joint venture between ORIX Corporation, Japan and local…
Founded in the year 2000, Khushhali Microfinance Bank Limited (formerly known as Khushhali Bank Limited) was a part of the…
Cryptocurrencies plunged on Friday, with bitcoin at one point sliding below $8,000 and headed for its biggest weekly loss since…
In a scenario of consistently increasing flow of migrants remittances despite slow down in economically rich countries who deploy major…
Once upon a time, Pakistan Muslim League headed by Mian Mohammad Nawaz Sharif raised the slogan of ‘breaking the begging…
Microfinance Microfinance is just one tool in the war against poverty. For microfinance to be successful at poverty reduction, it…
One completely fails to understand the reasons behind Government of Pakistan’s reluctance in approaching the lender of last resort International…
Over the years value of rupee has been eroded by either devaluation or crawling depreciation. The incidents of sudden and…
The Pakistani rupee continues to weaken against the US dollar after the central bank withdrew its support earlier this month.…
After trading in the tight range of 104-105 per dollar since December 2015, the Rupee plunged to as low as…
In the inter-bank market, rupee was available in terms of dollar for buying and selling at Rs 106.75 and Rs…
If anyone goes through the history of Pakistan, one point is very clear that the country has been living on…
Pakistan’s external sector is in under serious trouble as the current account deficit has increased drastically. Due to this crisis,…
Last week, Trump’s comments and North Korea’s threat to launch a missile attack on Guam increased geopolitical risk and led…
The Sri Lankan rupee is anticipated to fall more this year. The central bank of Sri Lanka will not protect…
Among the seven Gulf Cooperation Council (GCC) countries, the UAE is the biggest investor in Pakistan. From 2004 to 2017,…
This venture between Pakistan-UAE likely to fetch 250,000 bpd of oil Khalifa Coastal Refinery (KCR) project is a joint venture…
The recent announcement by the United Arab Emirates (UAE) to enhance its investments in Pakistan will help attract global Foreign…
[tooltip text=”Karachi, November 27, 2017″ gravity=”nw”]Pak-Qatar Takaful Co-Hosts International Seminar On “Global Takaful Practices” At Iba-Ceif[/tooltip] [dropcap]P[/dropcap]ak-Qatar Takaful group in…
[dropcap]T[/dropcap] wo aspects of our economic environment that weigh down on growth are the huge (effective) share of indirect taxes in…
[dropcap]T[/dropcap]he issue of withholding tax on banking transactions for non-filers in the budget for next fiscal year (2017-18) need to…
[dropcap]A[/dropcap]s incredible as it may seem in this hyper-connected, technologically advanced era, half the planet’s population exist as “financial nomads”—those…
[dropcap]I[/dropcap]slamic Finance can find rich social grounds for its growth and expansion in Pakistan. What primarily concerns the users of…
[dropcap]B[/dropcap]asic mind set of any type of investor is to manage the risk and maximize the returns. The common phenomenon…
[dropcap]I[/dropcap]t is an undeniable fact that Pakistan suffers from two contentious problems: 1) low savings and 2) limited opportunities for…
[dropcap]F[/dropcap]oreign investors kept lured to investment in Pakistan and never losing faith and still have an appetite of making money…
COMPLIANCE [dropcap]C[/dropcap]ompliance function at banks continuously strives for improving the compliance environment and minimizing compliance risk for the institutions through…
[dropcap]I[/dropcap]n wake of the US move against a Pakistani bank in New York, Pakistan needs to establish and strengthen its…
[dropcap]W[/dropcap]ith the growing menace of drug trafficking, money laundering and financing of terrorist outfit, all around the world governments want…
[dropcap]I[/dropcap]n 2014, the Organization for Economic Co-operation and Development (OECD) established the Common Reporting Standard (CRS), laying the groundwork for…
[dropcap]I[/dropcap]n August, the New York State Department of Financial Services (DFS) sought to impose about $630 million penalty on HBL’s…