Muhammad Arif : Month of January in Pakistan is always remembered for two persons who were born in January. They are Zulfiqar Ali Bhutto and Abdul Sattar Edhi. I have the opportunity to work with Bhutto and to see Edhi with a Bicycle on I I Chudrigarh Road asking...
 As always happened in Pakistan the politics of clash and compromise is still on creating chaos. It has tarnished the perception about democracy and off and on debate starts that whether Pakistan can be governed through presidential or parliamentary form of government. It is always said that in politics you...
Campaign against corruption is looking like the main issue in 2019 like 2nd half of 2018. But still this campaign has not given any result in real terms. To some people it may be soothing for them that some leaders are under trial or have been sent to the...
CY 2018 was anticipated by many circles as year of change. But for what, is not yet clear in the minds of common people. Now analyzing CY 2018 that what we got and what we lost we can move toward CY 2019 with expectations to get them materialized. CY 2018 Politics:- In...
Each year we celebrate 25th Dec as Our Quid e Azam day along with Christmas by our Christian brothers. We are now in seventh decade after getting Pakistan with a vision by our Quid Muhammad Ali Jinnah. Whether we have succeeded in getting that vision, the answer is in negative....
The State Bank of Pakistan in its 2018 reports have emphasized for broad-based and deep structural reforms in key areas of the economy to address longstanding structural issues, which are impeding investment, industrialization, trade, and resource mobilization. According to SBP reforms in any particular area of the economy may...
PKR has depreciated by another 15.70 % since September 2018 when it was at Rs 121/- per US Dollar. Now it is at Rs 139-140 per US Dollar in Dec 2018. PKR REER has now also been corrected by 20% since early 2017, and is approaching its long-term average. It is...
Imran Khan Government has completed its 100 days with lot of claims but it looks we are still standing at the fronts of uncertainties. On 30th Nov PM in his address highlighted his claims that look impressive. He stressed for job creation strategy for the youth with target of creating...
While attending a meeting of Editors Club on crisis of Media in Pakistan on Nov 26, 2018, I was thinking that what the actual reasons of current crisis of media are in 2018. Some members put its onus on media itself and its division and some just added words...
PKR is vacillating around RS 134-135/- per US for some time. In Sept 2018 it was Rs 121/- . Hence within a month it has depreciated by 14%. This has started a discussion in the media and notable circles that what are the actual reasons of this depreciation. Some circles...
Pakistan is in a confusing world now a days. Intelligentsia and anchors are writing and saying as far as their knowledge in concerned and on the basis of their likings and dislikings. No body of them is on track objectively. Their main focus is how to live and how...
Time and again in the history of Pakistan violence has erupted by using the name of Islam. Recent instance is of Khadim Husain Rizvi who created law and order situation after verdict of Asia by Supreme Court. He is a Barelvi preacher and also the founding chairman of the Tehreek-e-Labbaik Pakistan, a...
Pakistan’s economy is in shamble and the rupee has never been as weak as it is looking in the last Q of CY 2018 with inflation at surge now at 7%. The balance of trade is at its worse with the deficit exceeding $30 billion. Exports are dwindling, imports...
Budget for FY 2018 and thereafter interim budget of Assad Umar have arrived with new finance bill and new taxes just to nip the down troddens and saving elites. According to recently received Pakistan’s first-ever official report on multidimensional poverty four out of 10 Pakistanis are living in acute poverty...
Muhammad Arif Chairman Centre of Advisory Services for Islamic Banking and Finance (CAIF), Former Head of FSCD SBP, Former Head of Research Arif Habib Investments and Member IFSB Task Force for development of Islamic Money Market, Former Member of Access to Justice Fund Supreme Court of Pakistan. Present government of PTI...
With new Government having Assad Umar as Finance Minister with Economic Advisor and member of Economic Advisory Committee based on the same persons (like Dr Ishrat, Syed Saleem Raza etc. etc.) that served Musharraf government causing economic crisis in 2005 and 2008 with flow of capital outside Pakistan are...
Pakistan is still under rhetoric’swith lot of expectations and speculations. Ruling PTI and establishment are looking to be on one page, whereas PML N and PPP are striving to create some space in the politics of Pakistan. Some recent developments are release of Nawaz Sharif with his daughter and son...
It was March 2001. I telephoned to Research Centre of JS Bank from State Bank but it wrongly met with Mr. Sohail of that Centre. When he knew my name, he requested for a meeting. We met next day and there he proposed introduction of Karachi interbank Offered rate...
Muhammad Arif (Chairman CAIF) UAE Islamic banking assets have risen to $141.5bn. UAE Central Bank official says UAE now holds about 7% of global Islamic banking assets. UAE Islamic Banking and Finance is distinct from other countries due to its tilt, towards new innovations, new ideas based on Islamic principles Saif Hadef...
Muhammad Arif Today we are living in a confused environment. Everything is looking moving towards segmentation. Government is claiming revival of economy with 5.3% GDP growth. This is the same trend where US and other countries are claiming to have moved towards somewhat growth. But on social side this means...