Every one sitting on the PTI side says that every fault on the lack of governance, detioration of economy and ambiguity in political scenario are due to past governments naming Zardari and Nawaz Sharif. In the past governments even they skip Musharraf who is on the list of Supreme...
Prime Minister Imran Khan has warned the United Nations on 27th September that his country's dispute with India over Kashmir can escalate into an all-out nuclear war that would have consequences for the world. In a fiery speech lasting 50 minutes, Khan said India had unleashed a "bloodbath" in...
9th Annual Sustainable Shipping, Logistics & Supply Chain Summit & Expo held on 19th September 201   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,...
Currently Kashmir is highly bleeding with actions of Modi government whereas PTI government is acting like UK government in Second World War whenever they have to retreat by saying that they are doing so respectfully with a strategy. Everyone knows that The Kashmir dispute dates from 1947. The partition of...
State Bank of Pakistan (SBP) Governor Dr. Reza Baqir has said recently that Pakistan’s economy is moving in the right direction and would grow 3.5 percent during this fiscal year. He added that SBP is fully prepared to face any sudden fiscal challenges as well. He was addressing the...
Most fundamental point that needs to be made right here is that Pakistan’s future will be determined – as has always been the case for all nations – by the decisions that Pakistan and Pakistanis have to make. In the last two years the world order is not what it...
Day of independence has been commemorated on the 14th August along with day of ongoing struggle in Kashmir. During these days time and again assurance has come from Military that they are behind ongoing democracy in Pakistan and would provide practical support in its day to day rule. However to...
You go anywhere; people would ask that what can be the future of Pakistan regarding its politics and economy. Nobody is there to give any firm answer. In political area, government with PTI is celebrating their rule with Firdous Ashiq, Fawad and Murad on the front by putting all blames...
A proposal has come from Turkish President Recep Tayyip Erdogan and Malaysian Prime Minister Mahathir Mohammad during Malaysian PM Visit to Turkey that Pakistan, Turkey and Malaysia can lead towards the Muslim renaissance. Addressing a joint press conference along with visiting Malaysian Prime Minister, Erdogan said, “Statements are easy to...
After a year and a half of frosty relations between the United States and Pakistan, which saw the cessation of U.S. security assistance to the Pakistan now indicate a thawing of relations between the two countries remaining sometime ally and sometime not. The visit of Imran Khan has brought good...
As anticipated by rating agencies like Bloom Berg, Governor State Bank, Dr. Reza Baqir has announced 100 bp i.e. 1% increase in the SBP policy rate from July 2019.The State Bank had started monetary tightening since May 2018, when key policy rate stood at 6 percent. Since May 2018...
Muhammad Arif Money Market, Former Member of Access to Justice Fund Supreme Court of Pakistan. Apart from gloomy environment something better was supposed to have started happening for Pakistan. Mostly on foreign fronts and some on economic fronts. Imran Khan Visit to USA in the wake of coming agreement with Taliban is...
Day by day confusion is on increase on our political fronts. Opposition is only criticizing but doing nothing practically and government is maligning every opponent and sending them behind the bars. Now they have started arresting opponents even on drug charges and stopping even Speaker to issue production orders...
Muhammad Arif Now Baqar Reza has taken charge of new Governor of SBP and has given a lecture to the press on his Monterey policy philosophy but actually people don’t understand these briefings and they remain more interested in results that impact their life. Governor, State Bank of Pakistan (SBP), Dr....
Muhammad Arif Facts about Islamic Finance in Europe Information about Islamic finance in European countries is usually provided by professional-style reports, offering practical data on implementation of standardized products. However, precise developments about material legal provisions applicable to contracts and their actual legal regime are not often detailed. In order to...
Written by 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 In a series...
Before going on budget 2019/20 announced just after one day of Zardari arrest and Hamza Shahbaz to overshadow the budget proposals, let us see first, what its effects would be. In lump sum it is anti investment and anti common man budget. It would bring at least Rs 5000/ per...
Now on political and economic front most of vocal voices say that within 9 months it was not possible to bring any change. Further it is also being said that whole crisis is due to those who were on rule before PTI. Pakistan huge debts and twin deficits have...
Muhammad Arif We are at the end of May 2019. It is almost the end of holly Ramadan for this year. But with the arrival of Eid on 5th June, Federal Budget is due to be out on 10th or 11th of June 2019 with economic survey one day before...
Profit and Loss Sharing (also called PLS or "participatory" banking is a method of finance used by Islamic financial or Shariah-complaint institutions to comply with the religious prohibition on interest on loans that most Muslims subscribe to. Many sources state there are two varieties of profit and loss sharing used by Islamic banks – Mudarabah  ("trustee finance" or passive partnership...