In Pakistan, Islamic banking has registered substantial growth over the last few years. Along with increase in number of branches, windows and diversity of Islamic banking products and services, the size of Islamic banking balance sheet has improved significantly. The …
Read More »Financial institutions under the pandemic : a brief review
Collectively, financial sector’s risk indicators have significantly strengthened since the last financial crisis of 2008. In terms of capitalization, the industry boasts of a CAR of 18.7% , ADR of 46.3% and about 53% of the asset base is liquid …
Read More »Anticipated economic trend at the forefront
Interview with Mr Ashfaq Yousuf Tola – President, Tola Associates PAKISTAN & GULF ECONOMIST had an exclusive conversation with Mr Ashfaq Yousuf Tola regarding Workers’ Remittances, Tax Revenue Collection, Foreign Direct Investment, Balance of Trade in Goods and Balance of Payment. …
Read More »Pakistan banking sector hits 18-year high deposit mark in 2020
No doubt, the Pakistan’s banking sector has played an important role in continuing the Pakistan’s economic system during pandemic, which can be mostly attributed to the digital banking revolution. The Government of Pakistan focuses towards the adoption of digital banking …
Read More »SBP prefers maintaining status quo
The State Bank of Pakistan (SBP) in its latest Monetary Policy Statement (MPS) has kept the Policy Rate intact at 7.0%. The Policy Rate has remained unchanged since 25th June 2020, when the SBP had reduced the Policy Rate by …
Read More »Pakistan banks: driving engine of country’s economy
According to the latest data released by State Bank of Pakistan (SBP), overall deposits of Pakistan banks have grown by 17% to Rs17.1 trillion in 2020. The growth is the highest in 4 years and is better than 10-year average …
Read More »E-Commerce market moving in right direction under covid strain
According to the State Bank of Pakistan’s (SBP) present Special Section on Covid-19 and the need to boost digital connectivity in the country, Pakistan’s e-commerce market is predicted to have enlarged to Rs 234.6 billion in FY20 during the pandemic. …
Read More »Pakistan stock market performance and outlook in 2020
Calendar year 2020 has been a topsy-turvy ride of global economy, financial markets due to global pandemic and Pakistan has been no exception. Overall, the KSE-100 Index has remained flat (+0.18%) on CYTD basis while index heavyweight sectors have largely …
Read More »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 …
Read More »Review of Islamic Banking report by Sept-2020 end
At the end of September 2020, State Bank of Pakistan (SBP) identified that the infrastructure of Islamic banking industry remained same with 22 Islamic banking institutions (IBIs); 5 full-fledged Islamic banks (IBs) and 17 conventional banks having standalone Islamic banking …
Read More »Foreign debt in statistics
Presently Pakistan’s external debt and liabilities reached historical level of $113.8 billion at the end of September 2020, due to fresh borrowing from multilateral and bilateral sources on account of public debt. The economists reveal that economic growth and development …
Read More »Review of business environment
In Pakistan, the economic report shows that as economies reopen with expectations that the adverse impact of COVID-19 is bottoming out, there is an on-going debate over the shape of the economic recovery. No doubt presently, investors have fears about …
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