Pakistan owes US$11.3 billion to Paris Club, US$33.1 billion to multilateral donors, US$7.4 billion to International Monetary Fund, and US$12 billion to international bonds such as Eurobond, and sukuk. Pakistan’s economic growth is expected…
Category: Articles
KABUL has fallen to Taliban
Earlier the Taliban were removed from power in Afghanistan by US-led forces in 2001, but the group has gradually regained strength since and has seized Afghanistan again. As the US prepares to…
Pakistan showing some signs of Recovery
Pakistan is showing signs of business activity picking up at a faster clip, as worries about new coronavirus infections fade in an economy that contracted for the first time in seven decades. Evidence of…
Facts about PKR Depreciation in 2021
PKR vacillated around RS 164/40 per US on 04-08-2021 in the open market against Rs163.118 in the interbank market. Notably the difference between two markets was above 129 bp, that shows SBP…
Failure to understand how to govern by PTI government
Some time back Pakistani Foreign Minister Shah Mehmood Qureshi have jeopardized otherwise cordial relations with Saudi Arabia with his unusual ultimatum to Riyadh demanding an extraordinary meeting of the Organization of Islamic Conference (OIC)…
Relationship of Islamic Finance with Country’s Economic Growth
Each and every finding demonstrates that the only significant factor of the financial performance of Islamic finance, which affects the endogenous economic growth, is profitability through return on equity (ROE). The experimental…
State Bank with positive views about Pakistan economy
Imran Khan the current PM is giving Pakistan many twists and u turns. Very late in 2021 on Kashmir which is the focal point of Pakistan Imran Khan has offered Kashmiris another…
Qurbani through on line banking
Eid-ul-Adha reminds us about the great sacrifice (Qurbani) of the Prophet Ibrahim (AS) and his son Ismail (AS) to show their unconditional love, devotion, and sincerity with Allah (SWT). The Last Prophet…
Emergence of new world in 2021
With the emergence of COVID-19 and efforts to have its vaccine, China has crossed every country including USA in supply of vaccine to the world. This has helped its one belt one…
What new President-elect Ebrahim Raisi of Iran means to the world?
Iran also called Persia, and officially the Islamic Republic of Iran a is a country in Western Asia. It is bordered to the northwest by Armenia and Azerbaijan, to the north by…