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…
Main Issue of Pakistan- Elimination of Poverty
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…
Islamic Banking & Finance Page 07-06-2019
Understanding Basics of Islamic Banking and Finance for going forward Muhammad Arif Sometime back former Governor of SBP Mr. Yaseen Anwar made some comments on the subject and he was right to…
Emerging Picture of Federal Budget for FY2019/2020
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…
Islamic Banking & Finance Page 31-05-2019
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…
What PKR Depreciation means and what Pakistan should do
PKR is vacillating around RS 153 per US$ and is speculated to go above Rs 160 and even some says above Rs 200 in the coming months. In Sept 2018 it was…
Islamic Banking & Finance Page 24-5-2019
Questions related to Islamic Banking and Finance Which types of alternative economies are out there aside of Islamic economics? Thinking about alternative economies we typically come across, e.g., community economies, household economies, Islamic…
Announced monetary policy on 20th May 2019 indicating worst economic situation in coming days
Muhammad Arif As a first step SBP monetary policy was a test for new Governor of SBP Dr Reza Baqir. The Policy was announced on 20th May with an increase of 150…
New Governor of State Bank With New Hopes
Muhammad Arif Dr Reza Baqir has been appointed new Governor of State Bank of Pakistan. He is a graduate of Harvard University and was IMF’s senior resident representative for Egypt before his…
ISLAMIC BANKING AND FINANCE PAGE 17th May 2019
Comprehensive Picture of Islamic Banking in Bangladesh that is Quite Ahead of Pakistan in its social responsibility role Muhammad Arif Bangladesh is a Muslim country while remaining part of Pakistan till 1971….