Positive cyclical changes in the world are now back with fool like rulers on the top. Byden has alowed immigrants with any color to enter USA. Saudi Arabia royal family has been…
FATF keeps ‘grey’ status for Pakistan despite significant progress
ISLAMABAD: Financial Action Task Force (FATF) on Thursday kept Pakistan in its grey list despite acknowledging significant progress made by the country. “As all action plan deadlines have expired, the FATF strongly…
Forex reserves fall to $12.949bn
Reserves held by the SBP were recorded at $12,949 million compared with $13,031 million in the previous week. ISLAMABAD: The foreign exchange reserves held by the central bank decreased by $82 million…
Islamic Banking and finance page 12-02-2021
Malaysian Islamic derivatives market gets boost with Tahawwut schedule development MALAYSIA: Islamic banks in Malaysia are inviting corporates, other financial institutions and statutory bodies to adopt the new Tahawwut Malaysian schedule for…
Pakistan’s fiscal deficit widens to Rs1.13tr in 6MFY21
Amid a record Rs1.138 trillion fiscal deficit in half of this twelvemonth, the government has called the inaugural meeting of the 10th National Finance Commission (NFC) on Feb 18 to review overall fiscal position of the centre and…
Islamic banking and finance page 05-02-2021
Islamic banking can boost financial inclusion KARACHI: Deputy Governor State Bank of Pakistan (SBP) Seema Kamil on Thursday said the Islamic banking industry held significant potential to improve access to financial services…
Foreign investment decreased by 30 percent
KARACHI: Foreign direct investment (FDI) fell by 30 per cent within the half of the present financial year , reflecting the impact of Covid-19 that’s still affecting the country also as global economies. The State Bank’s latest data issued on Monday showed…
Islamic Banking Page 22 January 2021
History of Islamic Banking in Pakistan Steps for Islamization of banking and economic system of Pakistan were started in 1977-78. Pakistan was among the three countries within the world that had been…
Pension Schemes in Pakistan under question
The idea of this article came in my mind on treatment of retirees by State Bank of Pakistan which holds a good reputation in this regard. According to SBP in its first…
Islamic Banking Page15th January 2021
With cold winds blowing in the month of January, a 7-year old child was sitting outside my house playing with something. He was looking unaware of the intensity of the coolness. On…