MEMBERS LOGIN

IDPASS

 

Remember me
 

 

SIGN UP ::  FORGOT PASSWORD

 

   

 
 
 
 
 
CURRENCY BUYING

SELLING

US Dollar 81.30 81.90
Bahrain Dinar 213.63 215.76
Canadian $ 69.89 70.84
Euro 113.49 114.88
Hong Kong $ 10.26 10.51
Japanese Yen 0.8302 0.8393
Kuwaiti Dinar 279.22 283.21
UK Pound 132.06 133.58
Last updated: 02 July,2009 01.00 PM (PST)

MORE

 

3 DAYS FORECAST
In oC

CITIES MIN MAX

HUM%

FOR.

KARACHI
Today 29 35 59 sunny
Tomorrow 28 34 59 sunny
Day after 29 34 59 sunny
LAHORE
Today 23 46 6 sunny
Tomorrow 22 45 6 sunny
Day after 22 44 6 sunny
ISLAMABAD
Today 32 48 7 sunny
Tomorrow 29 45 7 sunny
Day after 30 44 7 sunny
HUM%: Humidity In %
FOR.: Weather Forecast
updated: Mon - Wed, June 29 - July 02, 2009

 
.

 

KARACHI         - 021 LAHORE          - 042 ISLAMABAD    - 051 FAISALABAD   - 041 MULTAN          - 061 PESHAWAR    - 0521 CANADA          - 1 KUWAIT           - 965 INDIA               - 91 IRAN                - 98 U.K                   - 44 U.A.E                - 971 U.S.A                - 1

MORE

 

KSE 100 INDEX: Current: 7415.46 - Change: +144.74 :: LSE 25: Current: 2219.17 - Change: +48.2 :: ISE 10: Current: 1778.56 - Change: +31.7, LOCAL: BODY FORMED TO HELP DEFUSE POWER CRISIS: CABINET IMPOSES 25 PERCENT REGULATORY DUTY ON IMPORT OF MAIZE. (RECORDER); CROSS-LOC TRADE WORTH RS 16.7 MILLION TAKES PLACE. (RECORDER); PAKISTAN AND CHINA AGREE TO INCREASE LAND TRADE. (RECORDER); UP TO 3.6 MILLION EURO AID FOR IDPS: GERMANY LINKS PAK-EU FTA WITH LEGISLATIVE REFORMS. (RECORDER); INTERNATIONAL: DUBAI HAS WHAT IT TAKES TO HOST THE BIGGEST SHOW ON EARTH. (GULF); GCC TRADE WITH JAPAN UP 43%.(GULF); GOSI INVESTS 40B RIYALS IN 60 FIRMS. (GULF); INDIAN EXPORTS DECLINE FOR EIGHTH STRAIGHT MONTH. (GULF); NEW SALES FALLS FOR US CAR MAKERS. (BBC); CALIFORNIA MISSES BUDGET DEADLINE. (BBC); JOBS RISK AS VIRGIN CUTS FLIGHTS. (BBC); IRISH JOBLESSNESS AT 13-YEAR HIGH. (BBC) ::

ISSUE # 26 ----- June 29 - July 5, 2009
 
 
ISLAMIC FINANCE-OPPORTUNITIES WITHIN CHALLENGES
 

Islamic finance is one of the fastest-growing segments of today's banking industry. Formerly deemed as a marginal industry, Islamic finance is now recognized as a vital and thriving industry. While the size of Islamic finance and banking activities, estimated to range from $500bn to $1,000bn, is still a fraction of conventional banking, the impressive growth rates of 10ñ15% seen in recent years emphasize the potential market for such activities. From the late 70s onwards, Pakistan has had a protracted history of Islamic banking. On 1st July, 1985 all commercial banking in Pakistani rupees became interest free. The sudden conversion and lack of preparedness posed difficulties for the implementation of this practice.
A growth of 40% per annum is expected and 15% market share is targeted. Conventional banks are allowed to operate Islamic bank subsidiaries or even standalone Islamic banking branches along-side full-fledged Islamic bank.....

 


.

.

.

Toyota Ravi Motors, Largest Toyota and daihatsu dealership in Pakistan

.

.

.

.

.


  COVER STORIES
UPLIFTING OF PAKISTAN
ISLAMIC FINANCE-OPPORTUNITIES WITHIN CHALLENGES
ISLAMIC BANKING LEAST AFFECTED BY THE GLOBAL FINANCIAL MELTDOWN
INTERVIEW WITH PERVEZ SAID
ISLAMIC BANKS' PERFORMANCE REMAINED BETTER THAN CONVENTIONAL BANKS
FINANCIAL ANALYSIS OF ISLAMIC BANKS
ISLAMIC BANKING INDUSTRY
INTERVIEW: CEO & DIRECTOR PAK-QATAR TAKAFUL
TAKAFUL IN PAKISTAN
MODARABA-A UNIQUE BUSINESS MODEL
MODARABAS HOLD POTENTIAL TO ISLAMIZE THE FINANCIAL SYSTEM
PROMOTING ISLAMIC BANKING & TAKAFUL IN BALOCHISTAN
MUTUAL FUNDS INDUSTRY IN ITS INFANCY
ISLAMIC INJUNCTIONS AGAINST USURY (RIBA)
  LIVESTOCK
  GULF VIEW
  TRADE
  BOOK REVIEW
 
  DEPARTMENTS
  CAPITAL MARKET
  INDIA IN THE NEWS
  DEVELOPMENT
  SHIPPING
  FINANCE
  POWER
  RESEARCH CORNER
  SOCIETY
  COLUMN
.

Ravi Exchange Company, Largest Foreign Exchange Dealer in Pakistan

Click Here To More Information

Copyright © 1999 Pakistan & Gulf Economist
e- mail to
webmaster@ pakistaneconomist.com for questions

or comments about web site.
Last modified: Oct 04, 2005

 
 

Pakistan & Gulf Economist © 2005    Privacy Policy   |   Terms of Uses