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Tag Archives: GCC

Growth and prospects of Islamic Banking in Pakistan

Growth and prospects of Islamic Banking in Pakistan

The Islamic banking and finance system offers more ethical and efficient alternative to the interest-based conventional financial system. Islamic banking and finance institutions emerged in the Middle Eastern financial markets in early 1970s, based on models developed by Islamic economists …

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Betterment of remittances into Pakistan

Betterment of remittances into Pakistan

Statistics showed that during November 2019, overseas Pakistani workers sent $1.81 billion as 9.35 percent higher remittances, which helped improve the country’s ability to make import payments and repay foreign debt. In the same month of the previous year, remittances …

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An undivided GCC is in Pakistan’s favor

An undivided GCC is in Pakistan’s favor

In June 2017, Saudi Arabia, the UAE, Bahrain and Egypt broke off diplomatic and transportation links with Qatar over its support for extremist groups. They imposed bans on shipping, trade, direct flights, overflights and land crossings with Qatar. After two …

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Healthy economic outlook of GCC countries

Healthy economic outlook of GCC countries

According to the International statistics, the world economy is projected to increase at 3 percent in 2019— a significant drop from 2017-18 for emerging market and developing economies also advanced economies — before recovering to 3.4 percent in 2020. The …

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