Tag Archives: Savings

It is rather customary in numerous countries to avail personal loans to go on a vacation, visit some foreign countries etc which could be termed as a cultural phenomenon and also economic model of a particular country. On the contrary, …

Imagine a bank messaging to layman of a client to please activate his ‘EMV debit card’ by a fixed nearing date after which his ‘old non-chip based card’ will be blocked and saying sorry for inconvenience! Being a helpless and …

China’s financial services industry is undergoing rapid transformation due to financial technology, or Fintech. Chinese asset managers are using technology to better tailor products to customers’ investment goals. Challenges to accelerating the digital transformation include customer education and consolidating customer …

Household savings are key to ensuring financial wellbeing, especially in countries like Pakistan, that do not have well developed social security nets. Emerging middle-class is rising as a consumer class that will play a significant role in the development of …

Pakistan’s economy is characterized by low levels of household savings which play a very crucial role in stimulating sustained economic growth. At the same time consumers borrow in order to consume. Households are the backbone of any economy. This is …

At the recent monetary policy briefing, Dr. Reza Baqir, Governor, State Bank of Pakistan (SBP) defended persistent hike in policy rate as a measure to contain inflation in the country. One wonders how hike in policy rate can help the …

There is no misgiving about the economic concept that the higher the national savings rate of a country, the higher the likelihood of splendid economic growth is. Pakistan’s national savings rate has always been pretty dismal. Savings to GDP rate …

With a population of over 200 million, Pakistan is the second largest economy of South Asia. The soaring inflation and rising unemployment rate demands promotion of savings culture in the country. The various saving schemes offered by the government or …

Personal finance is the management of financial resources. Saving helps us to overcome significant problems in our lives. To manage our income means to start a journey towards financial freedom. This does not necessarily mean having a luxurious life, but …

The benchmark index of Pakistan Stock Exchange (PSX) is on persistent decline for the last two years. The recent hike in policy rate by 100bps has further accelerated the decline rate. It seems that the ship (PSX) has been abandoned …

Over a period of time, particularly in the last decade, National Savings has transformed itself from a retail debt raising arm and the source of infrastructure funding of the government into a formidable vehicle for financial inclusion, particularly women, and …

Interview with Mr Hamad Rasool Bhullar – a researcher, trainer in finance, corporate governance and Shariah-compliant management PAGE: Tell me something about yourself, please: Hamad Rasool Bhullar: I am currently working in a large public sector organization. With respect to the …